Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
An update from Kore Potash PLC ( (GB:KP2) ) is now available.
Kore Potash PLC has announced a successful fundraising effort, raising approximately US$10.1 million through a placing and direct subscriptions of new ordinary shares. The funds will be used to cover outstanding optimization work, early works agreements, and environmental assessments, ensuring sufficient working capital for at least the next seven months. This financial boost is crucial for advancing the Kola Project, which is designed to be a major low-cost potash producer with a projected annual EBITDA of US$733 million. The company’s strategic financial moves, including the involvement of major shareholders like the Oman Investment Authority and Sociedad Quimica y Minera, position it strongly within the industry.
More about Kore Potash PLC
Kore Potash PLC is a potash exploration and development company, primarily focused on the Sintoukola Potash Project located in the Republic of Congo. The company aims to become a leading producer of Muriate of Potash (MoP) for the global agricultural market, particularly targeting Brazil. Kore Potash is projected to be one of the lowest cost producers in this sector.
Average Trading Volume: 774,128
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £100.7M
See more data about KP2 stock on TipRanks’ Stock Analysis page.