(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
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
(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
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
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
(Alliance News) - Kore Potash PLC on Tuesday said it raised fresh equity via a discounted share subscription and announced that Chief Executive Brad Sampson has resigned immediately. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday. Read More
(Alliance News) - Kore Potash PLC said on Thursday it remains focused on completing the financing of the construction of its Kola project in Africa. Read More
(Alliance News) - Kore Potash PLC on Tuesday said it needs additional capital for its potash project in Africa after reporting its interim loss narrowed, while it managed to remain solvent. Read More
(Alliance News) - Kore Potash PLC said on Monday that a mines minister in the Republic of Congo had pledged for the company's Kola potash project. Read More
(Alliance News) - Kore Potash PLC said on Tuesday it had entered into a revised agreement that will see SEPCO Electric Power Construction Corp provide the company with an engineering, procurement and construction contract by end of January 2024 for the construction of the Kola Potash project. Read More
Kore Potash PLC - owns the Kola and DX potash projects in Republic of Congo - Remains focused on completing the financing of the Kola project and moving forward to construction of Kola as soon as possible. Says discussions continue towards finalising terms for the engineering, procurement and construction contract at Kola. PowerChina International Group Ltd and Sepco Electric Power Construction Corp have started work to support the provision of guarantees regarding the EPC contract. Read More
(Alliance News) - Kore Potash PLC said on Wednesday it continued to work with the consortium of investors and engeneering firms to provide financing for the full construction cost of Kola project. Read More
(Alliance News) - Kore Potash PLC on Friday said its loss narrowed in 2022 as the group continued to make "tangible" progress towards the financing of its Kola project, a potash mine. Read More
Kore Potash PLC - owner of the Kola and DX potash projects in Republic of Congo - Trims project life of its DX potash venture to 12 years from 30 years. In the latest production target estimate, it also cuts its mineral resource prediction to 129 million tonnes from 145 million tonnes. Reduces ore reserve projection to 9.31 million tonnes from 17.7 million tonnes. The latest update was published this month. The company last presented its production target in November 2020. Read More
(Alliance News) - Kore Potash PLC said on Thursday it was still in discussions with potential offtake partners that were capable of procuring all production from its Kola project. Read More
(Alliance News) - Kore Potash PLC on Friday said Chief Operating Officer Gavin Chamberlain will leave at the end of January. Read More
(Alliance News) - Equities in London were set to open a shortened trading day in the green on Friday, despite indices falling in Asia and the US. Read More