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Kore Potash PLC ( (GB:KP2) ) has issued an update.
Kore Potash PLC announced its financial results for the first half of 2025, highlighting significant developments in its Kola Potash Project. The company has optimized its Definitive Feasibility Study (DFS) to extend the mine’s life to 23 years and secured a USD2.2 billion funding package with OWI-RAMS GMBH. Despite a net operating loss, the company increased its cash reserves and exploration assets. The signing of an EPC contract with PowerChina, worth USD1.929 billion, aims to make Kore Potash one of the lowest-cost producers globally, with a focus on the Brazilian market.
More about Kore Potash PLC
Kore Potash PLC is a potash development company with a 97% ownership of the Kola and DX Potash Projects located in the Sintoukola Basin, Republic of Congo. The company focuses on producing potash, a key ingredient in fertilizers, aiming to supply the Brazilian agricultural market and high-growth African markets.
Average Trading Volume: 1,493,802
Technical Sentiment Signal: Strong Buy
Current Market Cap: £155.4M
For an in-depth examination of KP2 stock, go to TipRanks’ Overview page.