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The latest announcement is out from Kore Potash PLC ( (GB:KP2) ).
Kore Potash PLC has signed an engineering, procurement, and construction (EPC) contract with PowerChina for the Kola Project, valued at $1.929 billion, which aims to mitigate cost overrun risks and includes performance-based penalties. The company is also working with the Summit Consortium to finalize financing arrangements, expected by February 2025, to support the construction of the Kola Project, with no need for additional capital from Kore Potash. Government relations in the Republic of Congo remain supportive, and the company continues to explore strategic options for its DX Project.
More about Kore Potash PLC
Kore Potash PLC is a potash development company primarily focused on its Kola and Dougou Extension Potash Projects in the Sintoukola Basin in the Republic of Congo. The company’s aim is to become a leading low-cost potash producer for the Brazilian and African agricultural markets.
YTD Price Performance: -6.67%
Average Trading Volume: 1,714,346
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £91.94M
Learn more about KP2 stock on TipRanks’ Stock Analysis page.
