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Kropz Plc ( (GB:KRPZ) ) has provided an announcement.
Kropz Plc has announced a trading update and a new loan facility agreement for its Elandsfontein project, highlighting its progress and challenges in phosphate production. The company produced 77,318 tonnes of phosphate concentrate in Q1 2025 but faced production challenges, resulting in a ZAR 130 million loan agreement with ARC Fund. Additionally, Kropz has agreed to a legal stay in ongoing litigation concerning a previous acquisition, providing temporary relief from legal proceedings.
More about Kropz Plc
Kropz Plc is an emerging African phosphate producer and developer with projects in South Africa and the Republic of Congo. The company aims to become a leading independent phosphate rock producer and develop into an integrated, mine-to-market plant nutrient company focusing on sub-Saharan Africa.
Average Trading Volume: 103,597
Technical Sentiment Signal: Sell
Current Market Cap: £9.41M
Find detailed analytics on KRPZ stock on TipRanks’ Stock Analysis page.