Kore Potash Moves Forward with Kola Project Following Optimised Feasibility Study and Capital Raise

 

Kore Potash PLC (LSE:KP2) has reported notable advancements in its Kola Potash Project in its latest quarterly update for the period ending March 31, 2025. The company completed an optimised Definitive Feasibility Study (DFS) for the Kola development, outlining a 23-year operational life and an annual production target of 2.2 million tonnes of Muriate of Potash (MoP). Construction is slated to begin in January 2026, with an estimated capital requirement of $2.07 billion. With ambitions to become one of the world’s lowest-cost MoP producers, Kore projects an average annual EBITDA of around $733 million.

To support ongoing development efforts, the company successfully raised $10.1 million through a recent share placement. It continues to benefit from strong collaboration with the Republic of Congo government, which remains supportive of Kore’s long-term mining initiatives in the region.

Company Overview: Kore Potash PLC

Kore Potash is focused on developing world-class potash assets in the Republic of Congo, primarily through its flagship Kola Potash Project and the Dougou Extension Project, both located in the Sintoukola Basin. The company’s strategic aim is to become a competitive low-cost supplier of MoP to the global fertilizer market, with a particular emphasis on serving Brazil’s agricultural sector.

• Year-to-Date Share Performance: +2.22%

• Average Daily Trading Volume: 1,050,536 shares

• Technical Sentiment: Sell

• Market Capitalisation: £111.2 million

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