Kore Potash Advances Kola Early Works and Financing Amid Formal Sale Process

Kore Potash PLC ( (GB:KP2) ) just unveiled an announcement.

Kore Potash reported progress on early works at its Kola Potash Project in the Republic of Congo, including successful beneficiation tests in China, completion of engineering, geophysical and geotechnical surveys around the mine shafts, and the start of marine drilling and bathymetric studies for the planned jetty following government approvals. The company temporarily slowed the update of its Environmental and Social Impact Assessment while potential design changes are considered, but expects ESIA activities to resume in April 2026, and continues to engage with the Congolese government on finalising the state’s 10% free-carry stake. On the corporate side, Kore is advancing a Formal Sale Process after receiving approaches from two potential acquirers, while simultaneously working with OWI-RAMS and prospective development finance institutions on a comprehensive financing package for Kola that hinges on appointing an experienced contract operator and strategic potash partner. The company raised about US$12.2 million in November 2025, ended the quarter with roughly US$10.5 million in cash, and invested nearly US$3 million in project studies as it prioritises securing Kola financing and construction readiness, with the DX project remaining under strategic review and no mining or construction yet underway.

The most recent analyst rating on (GB:KP2) stock is a Sell with a £3.00 price target. To see the full list of analyst forecasts on Kore Potash PLC stock, see the GB:KP2 Stock Forecast page.

Spark’s Take on GB:KP2 Stock

According to Spark, TipRanks’ AI Analyst, GB:KP2 is a Neutral.

The score is held down primarily by weak financial performance—revenue dropping to zero in 2024, persistent losses, and recent negative operating/free cash flow—partly offset by a deleveraged 2024 balance sheet. Technicals are broadly neutral, while valuation is difficult to support given negative earnings and no stated dividend yield.

To see Spark’s full report on GB:KP2 stock, click here.

More about Kore Potash PLC

Kore Potash Plc is a potash development company focused on developing large-scale potash resources in the Sintoukola Basin in the Republic of Congo. It holds a 97% interest in the flagship Kola Potash Project and the Dougou Extension (DX) Potash Project, targeting the global fertilizer market with an emphasis on supplying high-quality potash to support agricultural production.

Average Trading Volume: 848,559

Technical Sentiment Signal: Buy

Current Market Cap: £170.8M

For detailed information about KP2 stock, go to TipRanks’ Stock Analysis page.