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Kore Potash (KP2) Share News

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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

IN BRIEF: Amit Kamlesh Kumar Mehta joins Kore Potash board

27th Jun 2024 11:09

Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Amit Kamlesh Kumar Mehta joins the Kore Potash board as a non-executive director, with effect from Wednesday. Amit Kamlesh Kumar Mehta was nominated by Oman Investment Authority, a sovereign wealth fund. Amit Kamlesh Kumar Mehta is the senior manager in the private equity team at Oman Investment. Kore Potash Chair David Hathorn says Oman Investment continues to provide important support for the development of the group's potash projects in the Republic of Congo. Read More

IN BRIEF: Kore Potash shares plummet as Kola project talks delayed

24th Jun 2024 12:15

Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Updates on state of the engineering, procurement & construction proposal and draft EPC contract with PowerChina International Group Ltd. Says when both parties met in early May they remained on track to sign full EPC documentation this quarter. However, recently "further important issues" have been raised regarding completion and performance guarantee tests. Says that "due to the high complexity of the Kola project...the discussions involved many specialist engineers, financiers and lawyers with the objective of devising a fixed price contract which allows only minimal possibilities for variation". Read More

UK shareholder meetings calendar - next 7 days

30th May 2024 16:37

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IN BRIEF: Kore Potash share spike under Australian regulatory scrutiny

23rd May 2024 14:09

Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Says the Australian Securities Exchange on Thursday questions the company over a "significant increase" in its share price on the ASX. Notes that the recent increase in price and volume could be linked to the market expectation in finalising the engineering, procurement and construction contract proposal and contract. Confirms that no further or formal legal agreements have been entered into, with work and negotiations on these matters continuing. Read More

IN BRIEF: Kore Potash to list on A2X in South Africa Tuesday next week

7th May 2024 09:20

Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Says it will list on A2X exchange in South Africa on Tuesday next week. Notes that this secondary listing will increase the liquidity of trading of its shares. Kore Potash is also listed on the London Stock Exchange, the Johannesburg Stock Exchange and the Australian Securities Exchange. Says its issued share capital will be unaffected by the A2X listing. Read More

Kore Potash to meet PowerChina officials to discuss key contract

29th Apr 2024 07:40

(Alliance News) - Kore Potash PLC said on Monday it still expects to wrap up the engineering, procurement and construction contract during the second quarter of this year. Read More

Kore Potash plans to raise more funds as annual loss narrows

28th Mar 2024 09:25

(Alliance News) - Kore Potash PLC said on Thursday it sought to raise fresh capital as the company continued to make progress towards the financing of its flagship Kola Project. Read More

IN BRIEF: Kore Potash offers convertible loan notes worth USD530,000

22nd Mar 2024 08:31

Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Issues five separate convertible loan notes, with an aggregate value of USD530,000. The notes have a proposed drawdown date of Friday. Says proceeds from the notes will be used to further advance work that is expected to lead to the signing of an engineering, procurement and construction contract for the Kola Potash Project. Notes that each convertible loan has a zero interest coupon and is convertible into new shares. They will be converted immediately after publication of the 2023 annual report, which is expected on or about Thursday next week. Read More

Kore Potash says PowerChina delivers draft Kola contract

9th Feb 2024 07:59

(Alliance News) - Kore Potash PLC said on Friday PowerChina International Group Ltd had delivered the draft engineering, procurement and construction contract for its Kola project on Tuesday. Read More

IN BRIEF: Kore Potash still investing in exploration in last quarter

18th Jan 2024 08:13

Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Says PowerChina International Group Ltd continues to review the engineering, procurement and construction proposal. PowerChina is involved in the process to finalise terms of the engineering, procurement and construction contract. Kore said late in October the process to reach agreement on this contract terms, and to receive a financing proposal for the full construction cost of the Kola project, is now near completion and is expected to be finalised during the first quarter of 2024. Construction contractors is scheduled to be mobilised during the first half of 2024. Read More

IN BRIEF: Andrey Maruta returns to Kore Potash after CFO's sudden exit

11th Dec 2023 07:54

Kore Potash PLC - owns Kola and DX potash projects in Republic of Congo - Acting Chief Financial Officer Amanda Farris resigns with immediate effect. Re-appoints Andrey Maruta as the new CFO from Monday. Farris will remain available for a brief period for a hand over. Kore says Maruta is a mining veteran whose experience includes a stint as CFO at Russian gold miner Petropavlovsk PLC. He had been CFO of Kore Potash from August 2019 to June 2021, when he left for another role within the mining industry. Maruta holds 133,334 shares in Kore, which has 3.91 billion shares issued. Read More

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