Kore Potash PLC ( (GB:KP2) ) has provided an update.
Kore Potash PLC announced significant progress in its Sintoukola Potash Project with the signing of a fixed-price EPC contract worth USD1.929 billion with PowerChina, mitigating risks of cost overruns and facilitating efficient construction. The company also reported a comprehensive loss of USD10.75 million for 2024 and highlighted the need for additional capital to meet future working capital requirements, reflecting ongoing financial challenges despite operational advancements.
More about Kore Potash PLC
Kore Potash PLC is a potash exploration and development company focused on its flagship asset, the Sintoukola Potash Project, located in the Republic of Congo. The company is primarily involved in the potash industry, aiming to become a leading global producer of potash, a key ingredient in fertilizers.
YTD Price Performance: -6.67%
Average Trading Volume: 952,575
Technical Sentiment Signal: Sell
Current Market Cap: £101.5M
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