Kore Potash PLC ( (GB:KP2) ) has shared an update.
Kore Potash PLC has received a draft non-binding financing proposal from the Summit Consortium for the Kola Potash Project. The proposal includes comprehensive funding through royalty and project finance components, with a deadline of 31 May 2025 for Kore Potash to negotiate and settle terms. The company retains the right to reject the proposal if terms are not acceptable, and there is no guarantee of a final agreement. If necessary, Kore Potash will explore alternative financing options.
More about Kore Potash PLC
Kore Potash PLC is a potash development company with a 97% ownership stake in the Kola Potash Project and the Dougou Extension Potash Project, both located in the Sintoukola Basin in the Republic of Congo. The company focuses on developing these projects to produce potash, a key ingredient in fertilizers, which is crucial for agriculture.
Average Trading Volume: 1,019,610
Technical Sentiment Signal: Sell
Current Market Cap: £108.8M
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