30th Jan 2026 12:08
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.
Expressions of interest in Kore Potash came in November after Kore in June signed an agreement that would see OWI-RAMS GMBH fund its Kola project. Says on Friday it continues to engage with OWI-RAMS over the financial package for the Kola project. As at December 31, Kore held USD10.5 million in cash.
Current stock price in Johannesburg: 74 rand cents, down 1.3% on Friday
12-month change: up 40%
Current stock price in London: 3.26 pence, down 1.2%
12-month change: up 52%
By Artwell Dlamini, Alliance News senior reporter South Africa
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