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Kore Potash (KP2) Share News

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IN BRIEF: Kore Potash Chair David Hathorn to subscribe for new shares

2nd Apr 2025 08:03

Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Chair David Hathorn will subscribe for new shares at a price of 1.7 pence each for USD500,000 or around GBP380,000 via two separate trusts - Belle Terre Trust and Stapleford Trust. Hathorn's share subscription comes after Kore said on March 21 it had raised around USD10.1 million through a placing and subscription of new shares at 1.7 pence each to support development at its Kola potash project in the Republic of Congo. Hathorn owns 373.1 million shares or 7.7% in Kore. Read More

IN BRIEF: Kore Potash delays Kola financing term sheet to this month

1st Apr 2025 16:08

Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Says the Summit Consortium has delayed the non-binding financing term sheet for the Kola potash project in the Republic of Congo. The consortium is an investment group that represents investors and engineering firms. It intends to provide royalty and debt financing for Kola. Says the consortium was unable to finalise the financing term sheet by end of last month. Now expects terms of finance by mid-April or before the end of this month. Read More

CORRECT (Mar 31): Kore Potash to raise more capital in 2025

1st Apr 2025 10:19

(Correcting quote of Chair David Hathorn.) Read More

CORRECT: Kore Potash to raise more capital in fourth quarter of 2025

31st Mar 2025 09:05

(Correcting the share price quotes are for Monday morning.) Read More

Kore Potash to raise more capital in fourth quarter of 2025

31st Mar 2025 09:02

(Alliance News) - Kore Potash PLC on Monday said it intends to raise additional capital towards the end of this year after suffering another annual loss. Read More

IN BRIEF: Kore Potash extends closing date of CDI offer to May 31

25th Mar 2025 10:42

Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Extends the closing date of the offer of up to 500 Chess Depositary Interests, or CDIs, to May 31. Back in November lasy tea, Kore had said it intended to offer to certain investors to apply for up to 500 CDIs in the capital of the company at an issue price of AUD0.0543 each. CDIs allow non-Australian companies to list their shares. Read More

Kore Potash raises USD10.1 million to fund Kola project development

21st Mar 2025 16:36

(Alliance News) - Kore Potash PLC on Friday said it has raised around USD10.1 million through a placing and subscription of new shares at 1.7 pence each, with the funds to support development at its Kola potash project in the Republic of Congo. Read More

Kore Potash estimates Kola development costs at USD2 billion

27th Feb 2025 13:07

(Alliance News) - Kore Potash PLC on Thursday estimated the costs to building its Kola project in Republic of Congo at USD2.0 billion. Read More

Kore Potash updates on Kola financing, "positive" ties with Congo

30th Jan 2025 11:09

(Alliance News) - Kore Potash PLC on Thursday said it expects an official proposal next month from its Kola project's would-be financier, as engagement has continued with the government of Republic of Congo. Read More

Kore Potash complies with ASX listing rules after contract talks

27th Nov 2024 12:33

(Alliance News) - Kore Potash PLC on Wednesday confirmed that it complied with listing rules of the Australian Securities Exchange over the engineering, procurement and construction contract for the Kola project. Read More

IN BRIEF: Kore Potash signs key Kola project contract in Brazzaville

20th Nov 2024 13:47

Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Says the final engineering, procurement and construction contract for the Kola project has been signed in Brazzaville in the presence of the Mines Minister Pierre Oba on Tuesday. The suspension of shares on the Australian Securities Exchange and the Johannesburg Stock Exchange will be lifted, it says. Trading on the London Stock Exchange's AIM continues as normal as it was not temporarily suspended before the signing of contract. Late last month, Kore reached agreement with PowerChina International Group Ltd, finalising the engineering, procurement and construction contract. Read More

IN BRIEF: Kore Potash stock still suspended in Australia, South Africa

11th Nov 2024 15:19

Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Says its shares remain suspended on the Australian Securities Exchange and the Johannesburg Stock Exchange. The company said on Thursday last week it had asked these stock exchanges to temporarily suspend its shares pending the formal signing of the engineering, procurement and construction contract. Says trading on the London Stock Exchange's AIM continues as normal. Read More

IN BRIEF: Kore Potash requests share trading halt before key contract

7th Nov 2024 14:11

Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Requests the Australian Securities Exchange and the Johannesburg Stock Exchange to immediately halt trading in its shares, pending the formal signing of the engineering, procurement and construction contract. Late last month, Kore reached agreement with PowerChina International Group Ltd, finalising the engineering, procurement and construction contract. It said at the time that Kore and PowerChina were working towards convening a date, set for November 19, for the signing ceremony with the minister of mines and other high officials in Congo. Read More

IN BRIEF: Kore Potash raises about USD900,000 after share subscription

5th Nov 2024 11:58

Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Raises approximately USD900,000 through the issue of 25.4 million new shares. Certain existing shareholders, as well as new institutional and high net worth investors took part in the share subscription at 2.76 pence a share, representing a 15% discount to the closing mid-market price of its shares of 3.25p on Friday last week. Says the net proceeds from the fundraise will be used to further advance the work that is expected to lead to the signing of an engineering, procurement and construction contract for the Kola Potash Project and provide working capital for Kore Potash. Read More

IN BRIEF: Kore Potash finally clinches agreement with PowerChina

31st Oct 2024 13:59

Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Reaches agreement with PowerChina International Group Ltd, finalising the engineering, procurement and construction contract. The agreement was signed on Monday. Says Kore and PowerChina are working towards convening a date, set for November 19, for the signing ceremony with the minister of mines and other high officials in Congo. Read More

Kore Potash continues flagship project talks as interim loss widens

13th Sep 2024 08:30

(Alliance News) - Kore Potash PLC reported on Friday its interim loss widened as it remained upbeat about the possible signing of a contract that will pave the way for the construction of its Kola project. Read More

IN BRIEF: Kore Potash shareholders approve share issue to raise funds

23rd Aug 2024 16:37

Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Says shareholders have approved an equity fund raise at a general meeting held on Friday. Chair David Hathorn subscribes for 4.3 million shares for USD60,000. Hathorn will hold a beneficial interest in 373.1 million shares, representing 8.6% of the issued share capital. This is part of a plan to raise around USD1.3 million through a share subscription of 91.8 million new shares to certain existing shareholders, as well as new institutional and high net worth investors at 1.1 pence each. Read More

UK shareholder meetings calendar - next 7 days

16th Aug 2024 14:06

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IN BRIEF: Kore Potash says key Congo contract getting legal checks

31st Jul 2024 11:43

Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Finalising agreements on the engineering, procurement & construction contract with PowerChina International Group Ltd. Legal representatives of both parties are finalising the agreements, Kore says. When the agreements are in final state, Kore Potash and PowerChina will set the date for signing ceremony with the minister of mines in the Republic of Congo, it says. Read More

IN BRIEF: Kore Potash to raise USD1.3 million after share subscription

1st Jul 2024 11:00

Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Raises around USD1.3 million after completing a share subscription, through the proposed issue of 91.8 million new shares to certain existing shareholders, as well as new institutional and high net worth investors at 1.1 pence each. Says the net proceeds from the fundraise will be used to further advance the work that is expected to lead to the signing of an engineering, procurement & construction contract for the Kola potash project and provide working capital for Kore Potash. Chair David Hathorn intends to subscribe for 4.3 million new shares for USD60,000 via two separate trusts, the Belle Terre Trust and Stapleford Trust. Harlequin Investments Ltd, which owns 13% in Kore, agrees to subscribe to the value of USD115,000. Read More

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