Keras Resources Regulatory News (KRS)

Keras Resources plc / Index: AIM / Epic: KRS / Sector: Mining

17 January 2025

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

Management Change

Keras Resources plc (AIM: KRS) announces the resignation, with immediate effect, of CEO Graham Stacey who will be leaving the Company for family reasons. Non-Executive Chairman Russell Lamming will take up an interim executive role until a suitable replacement has been identified. Mr Stacey will remain available to the Company in a consulting capacity to ensure a smooth handover.

Russell Lamming, Chairman of Keras commented, "I would like to thank Graham for his significant contributions to the Company both in his initial role as a COO and his recent CEO role. He has been pivotal in the development of our 100% subsidiary, Falcon Isle Resources and has overseen the development of the standalone, wholly owned processing facility in Delta, Utah and the key joint venture with Phosul LLC. We wish him well with his future endeavours."

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under Article 7 of the Market Abuse Regulation (EU) No. 596/2014 (as amended) as it forms part of the domestic law of the United Kingdom by virtue of the European Union (Withdrawal) Act 2018 (as amended). Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

**ENDS**

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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 mining and processing facilities. Keras's 100% held subsidiary Falcon Isle Resources Corp. ("FIR") recently entered into a 50/50 Joint Venture with Idaho-based PhoSul LLC to produce PhoSul®, a certified organic 240 SGN granule tailored specifically to increase P2O5 available to crops, from FIR's Integrated Processing facility in Delta, Utah. The Integrated Processing Facility produces a variety of organic phosphate products including milled 10 mesh and 50 mesh P2O5 products as well as PhoSul® granules which can be tailored to customer organic fertiliser requirements.

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 .