Potash Corp news

Kore Potash has announced that it has received a further letter of support from the Ministry of Mines of the Republic of Congo, for the Kola Potash Project.

The company’s two largest shareholders, the Oman Investment Authority (OIA) and Sociedad Quimica y Minera (SQM) will be offered the opportunity to subscribe for new ordinary shares at the subscription price as is required under their investment agreements with Kore Potash

The offtake agreement is for 500 000 tpy of potash, while the marketing agreement is to sell Brazil Potash's remaining 1.9 million tpy of potash.

The remaining investment of US$30 million is expected to close on or before 30 September 2022.

The potash development company has signed a Heads of Agreement with Electric Power Construction Corporation to construct Kola.

After closing financing deals with Appian Capital and Vantage Chance in May, the project kicked off with key contractors in mid-June, with mobilisations now occurring at the site.

The Tugaske Project is the first modular, vertically integrated, and environmentally sustainable potash production facility proposed to be constructed on Gensource’s mineral leases in its Vanguard Area.

Emmerson Plc has announced that it is in the process of assessing a conceptual, staged development for its 100% owned Khemisset potash project.

Intrepid Potash has increased its agricultural pricing for potash by US$50/t at all locations and on all new orders.

Gensource Potash Corp., a fertilizer development company focused on sustainable potash production, has announced the appointment of its new Project Adviser.