Danakali Limited
DNKLY
Other OTC0.24
USD
+0.01
- -
Danakali Limited
DNKLY
(Other OTC)
Recent
price
0.24
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- Danakali Limited (ASX:DNK, OTC:DNKLY) is an Australian-based minerals exploration and development company focused on precious and critical minerals such as gold, copper, and other commodities essential for industrial and technological applications; it identifies, acquires, and advances mineral-rich properties primarily in the Arabian-Nubian Shield region including Eritrea and Saudi Arabia, and Australia. Founded in 2001 and headquartered at Level 1, 2A/300 Fitzgerald Street, North Perth, Western Australia, the company previously advanced the Colluli Potash Project in Eritrea—a high-grade deposit prospective for sulphate of potash (SOP), potassium chloride (MOP), and other potash products—through feasibility studies, mining licenses, offtake agreements, and debt funding arrangements before divesting its interest in March 2023 for approximately A$240 million and returning A$162 million to shareholders. In recent developments, Danakali signed a joint venture agreement in January 2025 with Massadir Al-Zamrda for Mining (Emerald), a prominent Saudi Arabian group, under which its wholly-owned subsidiary Danakali (KSA) Pty Ltd holds an 80% interest to explore high-potential mineral projects in Saudi Arabia leveraging the partner's regional expertise; it commenced official quotation on the National Stock Exchange of Australia (NSX) in December 2024 following approval and satisfaction of listing conditions, alongside applying for new exploration licenses in Eritrea prospective for copper and gold; additionally, the company announced an equity buyback completion in February 2025 acquiring 4.8 million shares for A$0.22 million, appointed a new director in January 2025, and continues evaluating opportunities in mineral-rich jurisdictions post-Colluli divestment.
Company News
Danakali drives Colluli Project towards zero-carbon SOP production
Danakali thanks CFO Stuart Tarrant for his “valuable contribution”
Danakali: Why This Little-Known Potash Developer Is A Buy