TIDMKRS

RNS Number : 1176T

Keras Resources PLC

15 March 2023

Keras Resources plc ('Keras' or 'the Company')

Holdings in the Company

Keras announces that it was notified on 13 March 2023 by AxCap Ventures Inc ("Axcap") that Axcap have sold their entire holding of 5,610,000 ordinary shares of 1 pence each in the Company and no longer hold a notifiable interest in the Company's issued share capital.

Other than as previously announced by RNS, Keras has no further information pursuant to Rule 17 Schedule Five of the AIM Rules for Companies in respect of any dealings by AxCap Ventures Inc in the Ordinary Share capital of the Company.

For further information please visit www.kerasplc.com , follow us on Twitter @kerasplc or contact the following:

 
 Graham Stacey                  Keras Resources plc           annabel@kerasplc.com 
  Annabel Redford 
 Nominated Adviser & Joint 
  Broker                                                      +44 (0) 20 3470 
  Ewan Leggat / Charlie         SP Angel Corporate Finance     0470 
  Bouverat                       LLP 
 
  Joint Broker                                                 +44 (0) 207 186 
  Damon Heath / Erik Woolgar     Shard Capital Partners        9900 
                                 LLP 
  Financial and Corporate 
  Communications                                               +44 (0) 774 884 
  Felicity Winkles               Celicourt                     3871

Notes:

Keras Resources (AIM: KRS) wholly owns the Diamond Creek organic phosphate mine in Utah, US. Diamond Creek is one of the highest-grade organic phosphate deposits in the US and is a fully integrated mine to market operation with in-house processing facilities. The operation produces a variety of organic phosphate products that can be tailored to customer requirements for fertiliser.

The Company is focused on continuing to build market share in the fast-growing US organic fertiliser market and build Diamond Creek into the premier organic phosphate producer in the US.

Additionally, Keras holds an 85% interest in the Nayéga manganese project in Togo, which hosts an 8.4 million tonne manganese oxide Ore Reserve in northern Togo, held through Togolese subsidiary Société Générale des Mines SA (SGM).

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March 15, 2023 12:24 ET (16:24 GMT)

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