Kore Potash (LON: KP2), the business creating the $2 billion Kola potash task in the Republic of Congo, said Tuesday it had actually obtained non-binding deals from 2 prospective customers.
The London-listed miner introduced an official sale procedure after notifying investors in June that it was looking for an agreement driver and critical companion with experience in potash mining and handling. Kore stated it is assessing all choices, consisting of a complete sale of the business or option financing via equity and financial obligation.
” It continues to be feasible that, adhering to the official sale procedure, the board might wrap up that Kore and its stakeholders would certainly be finest offered by alternate critical choices readily available to the business, consisting of by Kore remaining to trade on the Purpose, the ASX and JSE as an independent entity,” the business stated.
Kore’s shares increased as high as 8.5% in London after the news, however shut much less than 1% greater at 3.13 p each, leaving the business with a market capitalization of ₤ 152 million ($ 198 million). Kore likewise holds a second listing in Johannesburg.
Preliminary conversations with prospective companions for the Kola task, made to create 2.2 million tonnes of muriate of potash every year, caused passion in equity engagement. That passion motivated the official evaluation and sale procedure currently underway.
De-risked
Kola has actually been substantially de-risked over the previous year. In June, Kore announced a $2.2 billion funding package from OWI-RAMS, consisting of $1.53 billion in the red and a $655 million aristocracy part offering the loan provider legal rights to buy potash from the task. In November 2024, the business finalized a $1.93-billion design, purchase and building agreement with PowerChina International Team, moms and dad of SEPCO.
Kore has actually worked with the Kola task given that 2010 and obtained its mining permit from the Congolese federal government in 2013. Building is slated to start in 2026, with initial manufacturing anticipated concerning 3 and a fifty percent years later on.
发布者：Dr.Durant，转转请注明出处：https://robotalks.cn/kore-potash-weighs-sale-or-fresh-funding-to-advance-congo-mine/
