Kore Potash on-track to developing roadmap for Kola project financing
Tue, 6th Apr 2021 09:54
(Alliance News) - Kore Potash PLC on Tuesday inked a memorandum of understanding arranging the full financing required for the construction of the Kola potash project in Republic of Congo.
The potash development company focused on the Congo said has signed a non-binding memorandum of understanding with Summit which outlines a roadmap to optimise, fully finance and construct Kola via a mix of debt and royalty financing.
Kore Potash shares were up 26% at 1.80 pence each in London on Tuesday morning. In Johannesburg, the stock was up 2.9% at ZAR0.35.