IN BRIEF: Kore Potash raises around USD12 million via shares

Kore Potash PLC – London-based owner of the Kola and DX potash projects in Republic of Congo – Says it has "conditionally" raised about USD12.2 million by way of direct subscriptions of new shares at 2.9 pence each. Subscribers include certain existing shareholders and new institutional investors. Plans to use the proceeds for working capital to implement its strategy for at least the next 12 months. Says it will also use proceeds to make final outstanding payment to PowerChina International Group Ltd for optimisation work undertaken in 2022 and 2023.

Current stock price in Johannesburg: 73 rand cents, up 7.4% on Thursday

12-month change: up 8.9%

Current stock price in London: 3.15 pence, up 8.6%

12-month change: up 5%

By Artwell Dlamini, Alliance News senior reporter South Africa

Comments and questions to newsroom@alliancenews.com

Copyright 2025 Alliance News Ltd. All Rights Reserved.

Kore Potash PLC