Kore Potash provide a review of operations in the quarter ended 30 September 2024
Published by Emilie Grant,
Editorial Assistant
World Fertilizer,
Kore Potash, the potash development company with 97% ownership of the Kola Potash Project (Kola) and Dougou Extension (DX) Potash Project in the Sintoukola Basin, located in the Republic of Congo (RoC), provides its quarterly update for the period ended 30 September 2024.
- Final agreement on outstanding points in respect of the Engineering, Procurement and Construction (EPC) contract was reached with PowerChina International Group Ltd (PowerChina) on 28 October 2024. The EPC agreements have now been finalised and Kore Potash and PowerChina are working towards convening a date which is currently set for 19 November 2024 for the signing ceremony with the Minister of Mines and other high officials of the RoC in Brazzaville. Following the signing ceremony, relevant details of the agreement will be made public.
- Successful completion of US$1.221 million fundraise on 1 July 2024 with a further US$60 000 conditionally raised and subsequently approved by shareholders at a General Meeting on 23 August 2024.
- The company released its half year report for the six months ended 30 June 2024 on 13 September 2024.
- As of 30 September 2024, the company held US$1.28 million in cash.
Read the article online at: https://www.worldfertilizer.com/potash/31102024/kore-potash-provide-a-review-of-operations-in-the-quarter-ended-30-september-2024/
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