Skip to main content

Emmerson raises £1.72 million to fund Khemisset project

Published by
World Fertilizer,

Emmerson has raised £1.72 million (before expenses) through an oversubscribed placing of 40 470 589, new ordinary shares of no-par value each in the share capital of the company.

Following the delivery of the feasibility study for the Khemisset potash project, the company received several expressions of interest from investor groups with respect to investing in Emmerson.

The placing was led by sole broker Shard Capital Partners LLP. The funds raised will primarily support the company as it continues to rapidly develop the project through the delivery of key work streams.

Graham Clarke, CEO of Emmerson, commented: "The support that we have received in this fundraise, for which demand significantly exceeded our minimum targeted figure, is very encouraging and demonstrates a strong belief from our investors in the potential of Emmerson and the Khemisset project.

"These funds enable us to continue to make strong progress on preparing the Khemisset potash project for detailed design and engineering and, ultimately, construction.

"While our focus in the short term is on permitting, strategic financing discussions and reviewing the feasibility study for both opportunities to improve the project further and complete additional work to mitigate any risks, we also expect to be able to complete additional work on our SOP project, salt strategy and to bring our additional resources into a mine plan, which present growth opportunities to improve our already outstanding economics.

"We look forward to keeping our shareholders updated on the progress we make over the remainder of 2020 and into 2021."

Read the article online at:

You might also like


[WEBINAR] Stami Digital: Optimising the future of plant operations with digital insights

Stamicarbon, the innovation and licensing company of Maire Tecnimont Group, is committed to a sustainable fertilizer industry, by investing amongst others in innovative digital solutions that turn real-time plant data into meaningful information by using Stamicarbon’s know-how to enhance insights and control and drive continuous optimisation. This webinar will cover the Stami-Digital Operator Training Simulator, the Stami-Digital Process Monitor and the Stami-Digital Optimizer.

Register for your free space today »


Embed article link: (copy the HTML code below):


This article has been tagged under the following:

Fertilizer project news