Kore Potash Share News (KP2)

IN BRIEF: Amit Kamlesh Kumar Mehta joins Kore Potash board

Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Amit Kamlesh Kumar Mehta joins the Kore Potash board as a non-executive director, with effect from Wednesday. Amit Kamlesh Kumar Mehta was nominated by Oman Investment Authority, a sovereign wealth fund. Amit Kamlesh Kumar Mehta is the senior manager in the private equity team at Oman Investment. Kore Potash Chair David Hathorn says Oman Investment continues to provide important support for the development of the group's potash projects in the Republic of Congo.

IN BRIEF: Kore Potash shares plummet as Kola project talks delayed

Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Updates on state of the engineering, procurement & construction proposal and draft EPC contract with PowerChina International Group Ltd. Says when both parties met in early May they remained on track to sign full EPC documentation this quarter. However, recently "further important issues" have been raised regarding completion and performance guarantee tests. Says that "due to the high complexity of the Kola project...the discussions involved many specialist engineers, financiers and lawyers with the objective of devising a fixed price contract which allows only minimal possibilities for variation".

UK shareholder meetings calendar - next 7 days

IN BRIEF: Kore Potash share spike under Australian regulatory scrutiny

Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Says the Australian Securities Exchange on Thursday questions the company over a "significant increase" in its share price on the ASX. Notes that the recent increase in price and volume could be linked to the market expectation in finalising the engineering, procurement and construction contract proposal and contract. Confirms that no further or formal legal agreements have been entered into, with work and negotiations on these matters continuing.

Kore Potash to meet PowerChina officials to discuss key contract

(Alliance News) - Kore Potash PLC said on Monday it still expects to wrap up the engineering, procurement and construction contract during the second quarter of this year.

Kore Potash plans to raise more funds as annual loss narrows

(Alliance News) - Kore Potash PLC said on Thursday it sought to raise fresh capital as the company continued to make progress towards the financing of its flagship Kola Project.

IN BRIEF: Kore Potash offers convertible loan notes worth USD530,000

Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Issues five separate convertible loan notes, with an aggregate value of USD530,000. The notes have a proposed drawdown date of Friday. Says proceeds from the notes will be used to further advance work that is expected to lead to the signing of an engineering, procurement and construction contract for the Kola Potash Project. Notes that each convertible loan has a zero interest coupon and is convertible into new shares. They will be converted immediately after publication of the 2023 annual report, which is expected on or about Thursday next week.

Kore Potash gets draft EPC proposal for Kola Project

(Sharecast News) - Kore Potash announced a significant milestone in its potash development on Friday, with the recent delivery of an engineering, procurement and construction (EPC) proposal and draft contract by PowerChina International Group.

Kore Potash says PowerChina delivers draft Kola contract

(Alliance News) - Kore Potash PLC said on Friday PowerChina International Group Ltd had delivered the draft engineering, procurement and construction contract for its Kola project on Tuesday.

IN BRIEF: Kore Potash still investing in exploration in last quarter

Kore Potash PLC - London-based owner of the Kola and DX potash projects in Republic of Congo - Says PowerChina International Group Ltd continues to review the engineering, procurement and construction proposal. PowerChina is involved in the process to finalise terms of the engineering, procurement and construction contract. Kore said late in October the process to reach agreement on this contract terms, and to receive a financing proposal for the full construction cost of the Kola project, is now near completion and is expected to be finalised during the first quarter of 2024. Construction contractors is scheduled to be mobilised during the first half of 2024.

Kore Potash acting finance chief steps down, ex-CFO returns

(Sharecast News) - Kore Potash, the potash development company with 97% ownership of the Kola and DX projects in the Sintoukola Basin of the Republic of the Congo, announced a change in its leadership on Monday.

IN BRIEF: Andrey Maruta returns to Kore Potash after CFO's sudden exit

Kore Potash PLC - owns Kola and DX potash projects in Republic of Congo - Acting Chief Financial Officer Amanda Farris resigns with immediate effect. Re-appoints Andrey Maruta as the new CFO from Monday. Farris will remain available for a brief period for a hand over. Kore says Maruta is a mining veteran whose experience includes a stint as CFO at Russian gold miner Petropavlovsk PLC. He had been CFO of Kore Potash from August 2019 to June 2021, when he left for another role within the mining industry. Maruta holds 133,334 shares in Kore, which has 3.91 billion shares issued.

Kore Potash shares drop on discounted raise and sudden CEO departure

(Alliance News) - Kore Potash PLC on Tuesday said it raised fresh equity via a discounted share subscription and announced that Chief Executive Brad Sampson has resigned immediately.

AIM WINNERS & LOSERS: Real Good Food expects positive earnings

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.