(Alliance News) - Kore Potash PLC said on Wednesday it is focused on securing funding for the construction of its key potash project in the Republic of Congo and signalled plans to raise additional capital to sustain the business. Read More
Kore Potash PLC – London-based owner of the Kola and DX potash projects in Republic of Congo – Agrees to acquire a 0.46% interest in Sintoukola Potash SA for USD1 million from Etablissements MGM. Kore currently owns 97% of Sintoukola Potash, with the remaining 3% owned by MGM. In terms of the agreement, Kore has the right to acquire MGM's remaining 2.54% shareholding in Sintoukola Potash. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
Kore Potash PLC – London-based owner of the Kola and DX potash projects in Republic of Congo – Says it continues to engage with two suitors that made approaches to take over Kore Potash early in November. Notes that the formal sale process since November has seen site visits and due diligence. Also says it is still awaiting formal instructions from authorities in the Republic of Congo as to the government-owned entity that will hold the government's 10% free carry stake. Says Mines Minister Louis Watum Kabamba in the Republic of Congo has expressed his full support for the formal sale process. Read More
Kore Potash PLC – London-based owner of the Kola and DX potash projects in Republic of Congo – Says it has "conditionally" raised about USD12.2 million by way of direct subscriptions of new shares at 2.9 pence each. Subscribers include certain existing shareholders and new institutional investors. Plans to use the proceeds for working capital to implement its strategy for at least the next 12 months. Says it will also use proceeds to make final outstanding payment to PowerChina International Group Ltd for optimisation work undertaken in 2022 and 2023. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Tuesday. Read More
(Alliance News) - Kore Potash PLC announced on Tuesday that it has received takeover approaches from two suitors operating in the potash industry. Read More
(Alliance News) - Stock prices in London opened lower on Tuesday, amid a broad global selloff, while the UK chancellor refused to rule out tax rises in the forthcoming budget. Read More
(Alliance News) - Kore Potash PLC said on Friday its immediate focus is to seal the finance package for its Kola potash project in the Republic of Congo. Read More
Kore Potash PLC – London-based owner of the Kola and DX potash projects in Republic of Congo – Says it remains focused on completing the financing of Kola potash project in the Republic of Congo and moving forward to construction of Kola as soon as possible. The company is also studying some strategic options available for another project, DX. Read More
(Alliance News) - Kore Potash PLC announced on Tuesday it has signed an agreement that will see OWI-RAMS GMBH fund Kore's Kola potash project in the Republic of Congo. Read More
Kore Potash PLC – London-based owner of the Kola and DX potash projects in Republic of Congo – Updates on draft non-binding financing term sheet regarding the funding for the development of its Kola project. Says it is still in negotiation with the Summit Consortium and expects to make a further announcement once discussions are completed. Adds that negotiations are expected to conclude "shortly". Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Friday. Read More
Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Says the Australian Securities Exchange on Thursday suspended its shares after failing to comply with the timeline to give details of its financing deal. Kore said on Monday it had received the draft financing proposal and draft non-binding term sheets for the Kola potash project in the Republic of Congo from the Summit Consortium, an investment group that represents investors and engineering firms. Kore has until May 31 to consider, negotiate if necessary, and settle on the terms. Read More
Jubilee Metals Group PLC - London-based metal processing company with projects in South Africa and Zambia - Says it is at the advanced stages on concluding the trials of the processing of various high-grade copper ores at its Roan copper concentrator plant in Zambia. The results from these trials will be used to select material for a targeted long-term supply agreement, it says. Expects the finalisation of the trials to be completed over the coming two weeks. Read More
(Alliance News) - Kore Potash PLC said on Wednesday it remains focused on completing the financing of the Kola potash project in the Republic of Congo. Read More
Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Requests that the Australian Securities Exchange and the Johannesburg Stock Exchange immediately halt trading in its shares. Shares are suspended pending a further announcement on the financing deal. Trading on AIM will continue to trade as normal. Read More
Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Receives the draft financing proposal and associated draft non-binding term sheets for the Kola potash project in the Republic of Congo from the Summit Consortium, an investment group that represents investors and engineering firms. Says the draft financing proposal and associated term sheets are comprehensive and cover the full funding requirement for the development of the Kola project. Read More
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