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Kore Potash PLC (KP2) Share News

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

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

Kore Potash shares drop on discounted raise and sudden CEO departure

31st Oct 2023 12:54

(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

AIM WINNERS & LOSERS: Real Good Food expects positive earnings

31st Oct 2023 10:20

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday. Read More

Kore Potash says focused on completing funding for Kola construction

12th Oct 2023 08:03

(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

UK shareholder meetings calendar - next 7 days

14th Sep 2023 15:44

Kore Potash seeks more capital for DRC project as interim loss narrows

12th Sep 2023 08:19

(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

Kore Potash says Republic of Congo pledges support for Kola project

21st Aug 2023 13:12

(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

Kore Potash to pay up to USD5 million as part of revised agreement

8th Aug 2023 09:34

(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

IN BRIEF: Kore Potash draws near completing financing of Kola project

18th Jul 2023 08:39

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

UK shareholder meetings calendar - next 7 days

13th Jun 2023 15:54

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