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The latest update is out from Kropz Plc ( (GB:KRPZ) ).
Kropz Plc, the African phosphate producer listed on AIM, continues to advance its financing arrangements as it develops its phosphate assets in South Africa and the Republic of Congo, supporting its ambition to build an integrated plant nutrient business in sub-Saharan Africa. The company has completed a second drawdown of ZAR 50 million from its previously agreed ZAR 250 million bridge loan facility with ARC Fund, leaving ZAR 100 million still available, which should bolster near-term liquidity and operational funding for its Elandsfontein project and broader development plans.
More about Kropz Plc
Kropz Plc is an emerging African phosphate producer and developer with projects in South Africa and the Republic of Congo, aiming to become a leading independent phosphate rock producer and evolve into an integrated, mine-to-market plant nutrient company focused on sub-Saharan Africa.
Average Trading Volume: 181,691
Technical Sentiment Signal: Hold
Current Market Cap: £11.76M
Find detailed analytics on KRPZ stock on TipRanks’ Stock Analysis page.