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Pin to quick picksKore Potash Share News (KP2)

Share Price Information for Kore Potash (KP2)

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Share Price: 2.00
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TRADING UPDATES: Capital in Anglogold pact; Round Hill valuation rise

Tue, 16th Mar 2021 20:40

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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Capital Ltd - Africa-focused mining services firm - Inks two new long-term three year contracts at AngloGold Ashanti Ltd's Geita gold mine in Tanzania. Pacts will generate revenue of USD65 million.

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Coro Energy PLC - South East Asian energy company - Says it has received valid acceptances for 37.2 million shares in open offer.

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San Leon Energy PLC - oil and gas producer in Nigeria - Says operations at OML 18 asset, Nigeria are low amid OPEC output restrictions. "In addition, appropriate budget restrictions have been implemented which are designed to preserve cash," San Leon says. To receive USD98 million in three equal instalments beginning in July related to its investment in OML 18. Midwestern Oil & Gas Co Ltd, guarantor of the loan notes, says there will be a delay on an interim repayment made for fourth quarter of last year. "Midwestern has acknowledged that the outstanding payment of USD4.25 million to San Leon is overdue and has explained that the delay has been caused by the combined effects of Covid-19, OPEC quota cuts and the fall in the oil price during 2020," San Leon says.

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Trans-Siberian Gold PLC - gold producer in Russia - Total mineral resource estimate at Asacha gold mine in Russia has increased to 645,000 ounces as of December 31. Reports 43% increase in Asacha's overall gold resource inventory. "I am delighted to report a significant upgrade to the resources at our flagship Asacha gold mine following a successful drilling campaign. Our resource base has increased significantly in quantity and confidence category levels extending the life of mine at Asacha," Chief Operating Officer Eugene Antonov says.

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Panthera Resources PLC - gold exploration and development company with assets in West Africa and India - Says India introduces MMDR2021 bill on mining and mineral regulations. "As the bill has only recently been made available, the company is yet to seek formal legal advice on its application to our investments in India and any comments expressed herein are merely preliminary," Panthera notes. Says bill may "have an impact" on joint-venture partner Metal Mining India Pvt Ltd and its bid to secure approval of its prospecting licence applications for the Bhukia and Taregaon projects in India.

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Cadence Minerals PLC - investment firm and partner in the discovery & development of iron ore and lithium deposits - Says Macarthur Minerals has called on CGG Aviation to perform an airborne electromagnetic survey of Lake Giles iron project to spot new drill targets. Cadence owns about a 1% stake in Macarthur.

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Canadian Overseas Petroleum Ltd - oil and gas company focused on Sub-Saharan Africa - Says shares suspended after sealing deal to acquire Atomic Oil & Gas LLC.

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Aura Energy - Australia-based minerals company - Expects report for half-year ended December to be lodged following Wednesday's annual general meeting. "An important part of the process is capturing the events subsequent to balance sheet date. At the annual general meeting scheduled on March 17, 2021, several resolutions will be considered by shareholders to settle previous issues and set up a solid foundation for resuming operating activities," Aura says.

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BiON PLC - Kuala Lumpur-based renewable energy services - Says two of its four biogas plants are now selling electricity to Tenaga Nasional Berhad, Malaysia's largest electricity firm. "I am pleased that we now have two of our biogas power plants selling electricity to the grid - and hope to soon be exporting power from all four plants and at maximum capacity," Chief Executive Officer Datuk Syed Nazim bin Syed Faisal says. Also notes Datuk Haji Radzali Hassan steps down as non-executive director with immediate effect.

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Kodal Minerals PLC - miner developing project in southern Mali and Ivory Coast - Receives conversion notice in relation to USD1.5 million unsecured convertible loan agreement with Riverfort Global Opportunities PCC Ltd and YA II PN Ltd. Duo convert USD250,337 into 210.9 million shares.

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Tlou Energy Ltd - seeking to use gas and solar to alleviate some of the chronic power shortage in Botswana and southern Africa - Proposes placing to raise GBP2.6 million. Proceeds will go towards construction of a 66 kilovolt transmission line from its Lesedi project to an existing electricity grid in Botswana.

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Kore Potash PLC - potash development company focused on the Congo - Tells Australian regulators it has no explanation for recent share price increase.

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Conroy Gold & Natural Resources PLC - gold exploration & development in Ireland and Finland - Raises a total of GBP2.3 million. Secures GBP1.9 million from placing and subscription. Also inks GBP380,000 from conversion of existing debt into ordinary shares.

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Tremor International Ltd - San Francisco-based video advertising technologies firm - Submits form to US regulators in relation to offering of American depositary shares. "The number of ADSs to be offered and the price range for the proposed offering have not yet been determined. The proposed offering is expected to take place in the second quarter of 2021 after the SEC completes its review process, subject to market and other conditions," Tremor adds.

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Blackrock World Mining Trust PLC - invests in mining and metal assets - Notes Non-Executive Director Ollie Oliveira will step down if elected to the board of Vale SA in August. "Ollie will be greatly missed by the board given his tremendous contribution during the time he has been a director but appreciates his decision given that Vale is the company's largest investment," Blackrock World Mining says.

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Round Hill Music Royalty Fund Ltd - private equity firm exclusively dedicated to investments in revenue generating music copyright assets - Says December 31 copyrights valuation was USD303.7 million, up 7.7% from USD281.9 million on June 30.

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ICG-Longbow Senior Secured UK Property Debt Investments Ltd - UK real estate debt-related investor - Net asset value per share at January 31, financial year end, falls 0.1% to 98.31p from 98.38p at the end of October.

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essensys PLC - London-based software for flexible workspace operators - Launches Flex Services platform for real estate industry customers. The platform allows real estate firms to operate and "scale up" workspaces digitally.

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Blue Prism Group PLC - Warrington, England-based robotic process automation firm - To engage with shareholders after three motions to reappoint directors face sizeable annual general meeting opposition. Votes to reappoint Jason Kingdon, Christopher Batterham and Kenneth Lever face opposition from 34%, 26% and 38% of investors, respectively. "The board will continue to engage with shareholders to understand and discuss their concerns with respect to each of the above resolutions and will provide an update in due course and within six months at the latest," Blue Prism says.

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Mothercare PLC - Hemel Hempstead, England-based retailer to parents and young children - Completes arrangement which see GBP19 million of shareholder loans converted into 189.6 million shares in the company.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
28 Jun 2022 08:13

IN BRIEF: Kore Potash inks agreement over Kola project with SEPCO

Kore Potash PLC - owner of the Kola and DX potash projects in Republic of Congo - Signs a heads of agreement for the construction of the Kola Potash Project with SEPCO Electric Power Construction Corp. The Kola construction, which is projected to last for 40 months, is estimated to have a capital cost USD1.83 billion.

Read more
27 Jun 2022 13:02

IN BRIEF: Kore Potash says Kola cost forecast lowered

Kore Potash PLC - owner of the Kola and DX potash projects in Republic of Congo - Says capital cost at Kola potash project reduced by USD520 million to USD1.83 billion on an engineering, procurement and construction basis, compared to initial definitive feasibility study forecast of USD2.35 billion. Construction period needed lowered to 40 months from 46 months. Net present value at 10% discount increases to USD1.62 billion from USD1.45 billion.

Read more
6 Jun 2022 15:58

UK shareholder meetings calendar - next 7 days

Tuesday 7 June  
Animalcare Group PLCAGM
Arix Bioscience PLCAGM
Centrica PLCAGM
Integrated Diagnostics Holdings PLCAGM
Kooth PLCAGM
Ondine Biomedical IncAGM
Osirium Technologies PLCAGM
SpaceandPeople PLCAGM
TruFin PLCAGM
Wednesday 8 June  
Ascent Resources PLCAGM
Cambridge Cognition Holdings PLCAGM
City Pub Group PLCAGM
DP Eurasia NVAGM
Gem Diamonds LtdAGM
Hiro Metaverse Acquisitions I SAAGM
Itaconix PLCAGM
M&G Credit Income Investment Trust PLCAGM
Nostrum Oil & Gas PLCAGM
Parity Group PLCAGM
Petards Group PLCAGM
Safestyle UK PLCAGM
Savannah Resources PLCAGM
Third Point Investors LtdAGM
Woodbois LtdAGM
Thursday 9 June 
4basebio PLCAGM
Northbridge Industrial Services PLCGM re name change to Crestchic
Funding Circle Holdings PLCAGM
Northbridge Industrial Services PLCAGM
Dignity PLCAGM
Corero Network Security PLCAGM
Kosmos Energy PLCAGM
Kistos PLCAGM
Tungsten Corp PLCGM re Kofax Offer
BioPharma Credit PLCAGM
Checkit PLCAGM
Panther Metals PLCAGM
Instem PLCAGM
Kore Potash PLCAGM
Rambler Metals & Mining PLCAGM
Xpediator PLCAGM
Round Hill Music Royalty Fund LtdAGM
REA Holdings PLCAGM
Invesco Perpetual UK Smaller Companies Investment Trust PLCAGM
BlackRock Smaller Companies Trust PLCAGM
Friday 10 June 
Chariot LtdAGM
MP Evans Group PLCAGM
THG PLCAGM
Ergomed PLCAGM
Ultra Electronics Holdings PLCAGM
XLMedia PLCAGM
Monday 13 June 
Angus Energy PLCGM re second tranche of subscription shares and warrants
Elixirr International PLCAGM
Ocean Outdoor LtdGM re takeover by Atairos Group Inc
Jupiter Emerging & Frontier Income Trust PLCGM re voluntary liquidation
Mirriad Advertising PLCAGM
Saga PLCAGM
Spectra Systems CorpAGM
VPC Speciality Lending Investments PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
22 Apr 2022 16:03

Kore Potash upbeat on Kola Project progress

(Sharecast News) - Kore Potash, which owns 97% ownership of the Kola and DX potash projects in the Sintoukola Basin of the Republic of Congo (RoC), said in an update on Friday that the process to potentially finance the construction of the Kola Potash Project had progressed in line with the memorandum of understanding signed in April last year with the Summit consortium.

Read more
22 Apr 2022 11:14

AIM WINNERS & LOSERS: One Media revenue climbs; nanosynth plans buy

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

Read more
22 Apr 2022 09:15

IN BRIEF: Kore Potash progressing in sourcing funds for Kola project

Kore Potash PLC - owner of the Kola and DX potash projects in Republic of Congo - Says it is making progress in securing funding for the construction of the Kola potash project. Progress on the finance front is in line with the memorandum of understanding signed with the Summit Consortium in April 2021, Kore says. The consortium is an investment group that represents investors and engineering firms.

Read more
1 Apr 2022 10:47

Kore Potash shares rise on Kola project optimisation study completion

(Alliance News) - Kore Potash PLC on Friday said it has completed work on the optimisation of the Kola project, with focus now shifting towards planning its construction.

Read more
31 Mar 2022 07:20

Kore Potash annual loss widens as key project makes "good progress"

(Alliance News) - Kore Potash PLC reported on Thursday its loss widened in 2021 as it made "good progress" on its flagship potash project in Republic of Congo.

Read more
20 Jan 2022 08:27

IN BRIEF: Kore Potash expects Kola funding proposal in second quarter

IN BRIEF: Kore Potash expects Kola funding proposal in second quarter

Read more
1 Dec 2021 16:02

IN BRIEF: Kore Potash appoints new board representative for SQM

IN BRIEF: Kore Potash appoints new board representative for SQM

Read more
10 Nov 2021 17:00

IN BRIEF: Kore Potash Kola optimisation study on track for early 2022

IN BRIEF: Kore Potash Kola optimisation study on track for early 2022

Read more
25 Oct 2021 12:30

IN BRIEF: Kore Potash says Kola optimisation study, financing on track

IN BRIEF: Kore Potash says Kola optimisation study, financing on track

Read more
2 Sep 2021 11:55

Kore Potash names Caceres as non-executive to replace Reyes

Kore Potash names Caceres as non-executive to replace Reyes

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24 Aug 2021 09:16

Kore Potash interim loss narrows; continues to work on project ramp-up

Kore Potash interim loss narrows; continues to work on project ramp-up

Read more
27 Jul 2021 15:31

IN BRIEF: Kore Potash advances both Congo projects in second quarter

IN BRIEF: Kore Potash advances both Congo projects in second quarter

Read more

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