A2X to welcome Kore Potash to its market

Kore Potash is an advanced stage mineral exploration and development company that is incorporated in England and Wales and listed on AIM, a market operated by the London Stock Exchange (LSE), the Australian Securities Exchange (ASX) and the JSE Limited (JSE). These listings remain unaffected by its secondary listing on A2X.

Through the development of the Sintoukola potash basin in the Republic of Congo, Kore Potash is working to bring its globally significant potash deposits into production. Kore Potash aims to be among the world’s lowest-cost potash producers due to the favourable location, large size, very high-grade and shallow depth of its Congo deposits.

Potash is the name for the group of minerals that provide potassium (K) for plant growth. Around 90 – 95% of potash is used in agriculture as fertilizer with the most common type of potash, Muriate of Potash, also known as Potassium Chloride (KCl), which is essential to soil fertility, plant health and agricultural productivity.

André Baya, the CEO of Kore Potash said “We combine the latest technologies and efficiencies to meet Kore’s ambition to become one of the world’s lowest-cost potash producer. By listing on the A2X efficient and low-cost platform, we extend our philosophy to shareholders and allow them the opportunity to transact at the best price across markets in Africa.”

Kore Potash joins other companies from the mining sector with listings on A2X including AngloGold Ashanti, African Rainbow Minerals, DRDGOLD, Exxaro, Harmony, Impala Platinum, Merafe, Pan African Resources, Tharisa Plc and most recently, Neo Energy Metals and Marula Mining who have inward-listed their shares on A2X from the UK.

A2X CEO, Kevin Brady said, “We are looking forward to be welcoming Kore Potash to our market next week and demonstrating the benefits that a secondary listing can bring to their shareholders. Not only does it provide an alternative venue on which to transact and access additional liquidity but our low fee structure also drives significant savings.”

A2X is a licensed stock exchange authorised to provide a secondary trading venue for companies and is regulated by the Financial Sector Conduct Authority and Prudential Authority and South African Reserve Bank in South Africa in terms of the Financial Markets Act 19 of 2012.

Read the article online at: https://www.worldfertilizer.com/special-reports/09052024/a2x-to-welcome-kore-potash-to-its-market/