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Kore Potash PLC London-based owner of the Kola and DX potash projects in Republic of Congo Says it remains focused on completing the financing of Kola potash project in the Republic of Congo and moving forward to construction of Kola as soon as possible. The company is also studying some strategic options available for another project, DX.
Last month, Kore said mit had signed an agreement that would see OWI-RAMS GMBH fund Kore’s Kola project. OWI-RAMS had indicated it intended to arrange and then provide a funding package for Kola, amounting to about $2.2 billion, or nearly R 39 billion, through a blend of senior secured project finance and royalty financing.
Holds $3.49 million in cash as at June 30.
Current stock price in Johannesburg: 53 rand cents
12-month change: up 16%
Current stock price in London: 2.40 pence, up 4.4%
12-month change: up 26%
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