RBS9 May 2024 07:18
Graham Stacey, CEO of Keras, commented, "The mobilisation of key staff at Nayéga and the issue of a request for tender for the management of the Nayéga operation is a significant step forward in the development of this asset which the Company fully supports and is very much in line with the 2023 cooperation Agreement we have with STM and sets a clear picture of how the asset will now be developed to benefit all stakeholders including Keras. We look forward to working closely with the management team of STM.
The progress at Nayéga is very positive for Keras from an additional cashflow perspective and will underpin what has been a hugely productive 6 months at the Company's flagship operation in Utah, USA where its subsidiary Falcon Isle Resources Corp, now operating from its 100% owned facility in Delta, is finalising the construction of a fully integrated granulator plant to produce Phosul® granules under the joint venture with partners, Phosul LLC. The Phosul® production line will augment the already installed processing infrastructure producing sized dry rock phosphate products from the high-grade Diamond Creek phosphate mine. I look forward to updating shareholders on a continuous basis as we move forward on these two fronts."
Why doesn't Graham just give us the details now?
GLA