Kore Potash PLC ( (GB:KP2) ) has provided an announcement.
Kore Potash PLC has released its quarterly update for the period ending March 31, 2025, highlighting significant progress in its Kola Potash Project. The company completed an optimised Definitive Feasibility Study (DFS) for Kola, which now projects a 23-year life of mine with a production capacity of 2.2 million tonnes of MoP per annum. The project is expected to start construction in January 2026, with a capital cost of $2.07 billion. Kore Potash aims to become one of the lowest-cost producers of MoP, with an average annual EBITDA of approximately $733 million. Additionally, the company successfully raised $10.1 million through a share issue and maintains a positive relationship with the Republic of Congo government, which supports its mining projects.
More about Kore Potash PLC
Kore Potash PLC is a potash development company with a primary focus on the Kola Potash Project and Dougou Extension Potash Project in the Sintoukola Basin, Republic of Congo. The company is engaged in the mining industry, specifically targeting the production of Muriate of Potash (MoP), a key agricultural fertilizer, with a strategic emphasis on becoming a low-cost producer in the global market, particularly for Brazil.
YTD Price Performance: 2.22%
Average Trading Volume: 1,050,536
Technical Sentiment Signal: Sell
Current Market Cap: £111.2M
For detailed information about KP2 stock, go to TipRanks’ Stock Analysis page.