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Share Price: 2.15

Bid: 2.00

Ask: 2.30

Change: 0.00 (0.00%)

Spread: 0.30 (15.00%)

Open: 2.15

High: 2.15

Low: 2.15

Prev. Close: 2.15

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REPEAT: Keras Resources confirms Togo payment, Falcon Isle updates

Tue, 04th Jul 2023 17:07

Keras Resources PLC - mine developer focused on West Africa and the US - Confirms receipt of USD1.7 million cash consideration from the Republic of Togo, after dropping the Nayega manganese project in Togo to focus on targeting the organic fertiliser market in North America in mid-May.

Also notes, as per announcement in early July, Keras has now made cash payments of USD800,000. This is part of the consideration for the acquisition of Falcon Isle Resources LLC and Falcon Isle Holdings LLC, alongside USD240,000 being a severance payment to the former chief executive of Falcon Isle. As a result, Keras is no longer in default of the agreement entered into on March 30 for the purchase of the outstanding 49% of equity in Falcon Isle Resources and Falcon Isle Holdings.

Current stock price: 4.15 pence

12-month change: down 38%

By Greg Rosenvinge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

More News

15 Aug 2019 11:28

Keras investment Calidus funded to progress Warrawoona Gold Priject

(Sharecast News) - Mineral resource company Keras Resources updated the market on its investment in Calidus Resources on Thursday, in which it currently holds a 38.9% interest.

30 Jul 2019 14:21

Keras Resources Investee Calidus Gets Positive Warrawoona Results

(Alliance News) - Keras Resources PLC on Tuesday reported "excellent" drilling results from Australia-listed investee Calidus Resources Ltd.Results from Calidus at the Klondyke on

11 Jul 2019 09:35

Keras Resources Encouraged By Nayega Project Test Results

(Alliance News) - Mineral resource company Keras Resources PLC said the results of testwork performed on its Nayega Manganese project in northern Togo were successful.Keras, which collected

2 Jul 2019 10:22

Keras Resources To Distribute Calidus Shares To Own Shareholders

(Alliance News) - Keras Resources PLC is to distribute its stake in Calidus Resources Ltd, worth over GBP11 million, to shareholders by the end of 2019, it said Tuesday.An escrow period for

4 Jun 2019 10:25

Keras Resources Investee Reports "Outstanding" Results At Warrawoona

LONDON (Alliance News) - Keras Resources PLC on Tuesday said its investee, Calidus Resources Ltd, reported "outstanding" first assays results from the regional drilling programme at in a

29 May 2019 10:57

Keras Resources Outlook Optimistic As Progresses On Nayega Project

LONDON (Alliance News) - Keras Resources PLC on Wednesday said its loss widened in the first half of its current financial year as it awaits the grant of the Nayega exploitation licence.The

29 Apr 2019 15:20

Keras Resources Promotes Project Manager To Chief Operating Officer

LONDON (Alliance News) - Mineral resource firm Keras Resources PLC said on Monday it has promoted Project Manager Graham Stacey to chief operating officer, to allow for a smooth transition into at

28 Mar 2019 16:09

UK Shareholder Meetings Calendar - Next 7 Days

Friday 29 MarchAutins GroupAngus EnergyMicro Focus InternationalLocal Shopping Modwen

12 Mar 2019 11:55

Keras Resources Sinks To 2018 Loss; Income From Togo Project In 2019

LONDON (Alliance News) - AIM-listed mineral resource company Keras Resources PLC on Tuesday reported sinking to a loss in 2018, while its magnesium project in Togo is expected to open in 2018, a a

5 Mar 2019 12:49

Keras Resources Completes 10,000 Tonne Bulk Sample In Togo

LONDON (Alliance News) - Keras Resources PLC on Tuesday said it completed a 10,000 tonne bulk sample at its Nayega manganese project in Togo.Furthermore, Keras said it received all the to a

6 Feb 2019 12:39

Keras Resources lauds 75% resource increase at Warrawoona project

(Sharecast News) - Keras Resources on Wednesday reported that Calidus Resources Ltd, in which it holds a 32% stake, recorded an increase in the Western Australian Warrawoona gold project's mineral resource.

6 Feb 2019 10:48

Keras Resources Notes Calidus Increases Warrawoona Gold Resource

LONDON (Alliance News) - Keras Resources PLC said on Wednesday that Calidus Resources Ltd, in which Keras holds a 32% stake, has recorded an increase in the Warrawoona gold project's mineral a

30 Jan 2019 12:02

Keras Resources Starts Trucking Processed Ore From Nayega Project

LONDON (Alliance News) - Keras Resources PLC on Wednesday said it has started moving processed ore from its 10,000 tonne metallurgical testwork programme at the Nayega manganese project in mining

30 Jan 2019 10:41

Keras begins trucking ore from Nayega testwork programme

(Sharecast News) - Mineral resource company Keras Resources has commenced the trucking of processed ore from its 10,000-tonne bulk sampling metallurgical testwork programme at the Nayega Manganese Project in northern Togo, it announced on Wednesday.

16 Jan 2019 10:20

Keras Resources upbeat on fresh Nayega assay results

(Sharecast News) - Mineral resource company Keras Resources announced assay results from samples taken from stockpiles for its 10,000-tonne bulk sampling metallurgical testwork programme at the Nayega Manganese (Mn) project in northern Togo on Wednesday.

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REPEAT: Keras Resources confirms Togo payment, Falcon Isle updates

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