Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Kore Potash PLC ( (GB:KP2) ) has issued an update.
Kore Potash PLC announced its unaudited financial results for the half-year ending June 30, 2025, highlighting several strategic developments. The company reported a net operating loss of USD 435,428, but increased its cash reserves to USD 3.5 million. Key achievements include the completion of a USD 10 million fundraising and the signing of a non-binding term sheet with OWI-RAMS GMBH for a USD 2.2 billion funding package for the Kola Project. An optimized Definitive Feasibility Study (DFS) was also announced, projecting a 23-year life of mine with a production capacity of 2.2 million tonnes per annum. The company aims to become one of the lowest-cost producers for the Brazilian agricultural market, supported by a fixed-price EPC contract with PowerChina, minimizing cost overrun risks.
More about Kore Potash PLC
Kore Potash PLC is a potash development company with a 97% ownership in the Kola and DX Potash Projects located in the Sintoukola Basin of the Republic of Congo. The company focuses on developing potash resources to serve the global agricultural market, particularly targeting the Brazilian and African markets.
Average Trading Volume: 1,493,802
Technical Sentiment Signal: Strong Buy
Current Market Cap: £155.4M
Learn more about KP2 stock on TipRanks’ Stock Analysis page.