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African prospective producer of plant nutrient feed minerals Kropz booked a full-year loss for calendar 2018 of $7.6m, as it invested in developing its projects.
The company was admitted to AIM in November.
Cash as at 31 December was $30m and the company said it was currently reviewing options to raise around $4m to advance its Hinda and Aflao projects.
The company's two largest shareholders had expressed a commitment to support the fundraising, Kropz said.
At 2:36pm: (LON:KRPZ) share price was -0.5p at 18p