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
(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
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
(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
(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
(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
(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
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
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
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
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
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
(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
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
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
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
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
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
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