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Kore Potash PLC ( (GB:KP2) ) has issued an announcement.
Kore Potash PLC has made significant progress in securing funding for its Kola Project, having signed non-binding term sheets with OWI-RAMS for a financing package of approximately US$2.2 billion. This development marks a major milestone for the company, as it advances towards the construction phase of the project. The company is also updating its Environmental and Social Impact Assessment and Relocation Action Plan due to design changes, and is strengthening its relationship with the Congolese government by setting up a new office in Loango. These efforts are expected to enhance Kore Potash’s operational capabilities and strengthen its position in the potash industry.
More about Kore Potash PLC
Kore Potash PLC is a potash development company with a primary focus on the Kola and Dougou Extension Potash Projects in the Sintoukola Basin, Republic of Congo. The company is involved in the mining industry, primarily producing potash, which is a key component in fertilizers, contributing to global food security.
Average Trading Volume: 2,140,001
Technical Sentiment Signal: Buy
Current Market Cap: £111.7M
Find detailed analytics on KP2 stock on TipRanks’ Stock Analysis page.