Record plc’s Joint Venture Secures Funding for Kola Potash Project

Record plc ( (GB:REC) ) has issued an announcement.

Record plc’s joint venture, OWI-RAMS GmbH, has signed non-binding term sheets with Kore Potash plc to secure approximately US$2.2 billion in funding for the Kola Potash Project in the Republic of Congo. This initiative is expected to bolster global food security and stimulate economic growth in the region, aligning with OWI-RAMS’s investment strategy in critical food and energy infrastructure.

Spark’s Take on GB:REC Stock

According to Spark, TipRanks’ AI Analyst, GB:REC is a Outperform.

Record plc’s strong financial health, characterized by high profitability and robust cash flows, forms the core of its positive stock outlook. Technical indicators show stable upward momentum, while fair valuation and high dividend yield enhance its investment appeal. Recent positive corporate events further reinforce the company’s growth potential.

To see Spark’s full report on GB:REC stock, click here.

More about Record plc

Record plc operates in the financial services industry, focusing on asset management. Its subsidiary, Record Asset Management GmbH, is involved in strategic investments aimed at enhancing global food security and advancing energy transition.

Average Trading Volume: 185,429

Technical Sentiment Signal: Sell

Current Market Cap: £105.4M

See more insights into REC stock on TipRanks’ Stock Analysis page.