Kore Potash plc
KP2.L
London Stock Exchange3.10
GBp
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Kore Potash plc
KP2.L
(London Stock Exchange)
Recent
price
3.10
P/E
ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Kore Potash plc (AIM: KP2, ASX: KP2, JSE: KP2) is an advanced-stage mineral exploration and development company focused on potash projects in the Sintoukola potash basin of the Republic of the Congo (RoC); its primary assets include the high-grade Kola sylvinite project, designed for annual production of 2.2 million tonnes of muriate of potash (MOP) over a 31-year mine life with mineral resource grades of 35.4% KCl, and the DX sylvinite project featuring exceptionally high grades of 57-60% KCl at shallow depths of 200-400 meters, enabling rapid development within 21 months of construction; operations target low-cost production for export markets including Brazil and West Africa, leveraging proximity to the coast (13-35 km) and conventional mining techniques. Incorporated in England and Wales in 2017 and headquartered at 45 Gresham Street, London EC2V 7BG, United Kingdom, the company through its subsidiary Sintoukola Potash SA holds mining permits for Kola and Dougou Extension deposits in the RoC, supported by major shareholders such as the Oman Investment Authority and Sociedad Química y Minera de Chile (SQM). In recent developments, Kore Potash launched a formal sale process in November 2025 following non-binding approaches from two potential buyers interested in acquiring the entire company or its Kola project, alongside raising approximately $12.2 million via share placement to existing and new institutional investors for engineering, procurement, and construction payments to PowerChina International Group, Environmental and Social Impact Assessment updates, and 12 months of working capital; earlier milestones include a June 2025 $2.2 billion funding package from OWI-RAMS comprising $1.53 billion debt and $655 million royalty, and a November 2024 $1.93 billion EPC contract with PowerChina, positioning construction to potentially commence in 2026 with first production in about 3.5 years.