30th Oct 2026 07:57
Kore Potash PLC – London-based owner of the Kola and DX potash projects in the Republic of Congo – Focuses on clarifying the position of the mining convention relative to the new mining law in the Republic of Congo, Kore Potash Chief Executive Officer Andre Baya says. This is essential to enable the formal sale process to proceed, Baya says. Kore has said two parties have shown interest in acquiring the company by participating in the formal sale process. While the sale process continues, Kore has also said it engaged with OWI-RAMS GMBH on funding for its Kola project.
"The remainder of 2026 promises to be a highly significant one for Kore as we look forward to further clarifying the new mining law whilst progressing Kola and the formal sale process," Baya says. As at September 30, Kore held USD6.4 million in cash, down 15% from USD7.5 million at June 30. During the third quarter of 2026, the company says it invested USD662,000 in exploration. There were no mining production or construction activities during this quarter.
Current stock price in Johannesburg: 80 rand cents, up 1.3% on Friday
12-month change: up 9.6%
Stock price in London: 3.50 pence
12-month change: up 10%
By Artwell Dlamini, Alliance News senior reporter South Africa
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