FundedIQ
Natural Resources

Kore Potash

Kore Potash Plc (AIM: KP2, ASX: KP2, JSE: KP2) is an advanced stage mineral exploration and development company that is incorporated in England and Wales and listed on AIM, a market operated by the London Stock Exchange, the Australian Securities Exchange (ASX) and the JSE Limited (JSE) in South Africa. Through the development of the Sintoukola potash basin in the Republic of Congo (RoC), Kore Potash is working to bring a number of globally significant potash deposits into production. Focus is on two high-grade projects: Kola and DX. The Company aims to move quickly to cash generation from the DX project, which has a modest capital cost and planned production of 400,000 tonnes per annum of Muriate of Potash and its adjacent potash projects provide the potential for long-term potash production district from the area. Kola is scheduled to follow DX in the Company’s development strategy, with a planned production of 2.2 million tonnes per annum of Muriate of Potash over 33 year life. Kore’s projects aim to be among the world’s lowest-cost potash producers due to their favourable location, large size, very high-grade and shallow depth of the deposits. The Company’s major shareholders include the Oman Investment Authority (OIA) and global lithium and potash producer, Sociedad Química y Minera de Chile (SQM). The projects are well supported by the government of the RoC with whom Kore has an excellent relationship.

www.korepotash.com London, United Kingdom 11-50 employees
Total raised
$900k
Rounds
1
Latest
Series Unknown
Nov 2024

Kore Potash Plc (AIM: KP2, ASX: KP2, JSE: KP2) is an advanced stage mineral exploration and development company that is incorporated in England and Wales and listed on AIM, a market operated by the London Stock Exchange, the Australian Securities Exchange (ASX) and the JSE Limited (JSE) in South Africa. Through the development of the Sintoukola potash basin in the Republic of Congo (RoC), Kore Potash is working to bring a number of globally significant potash deposits into production. Focus is on two high-grade projects: Kola and DX. The Company aims to move quickly to cash generation from the DX project, which has a modest capital cost and planned production of 400,000 tonnes per annum of Muriate of Potash and its adjacent potash projects provide the potential for long-term potash production district from the area. Kola is scheduled to follow DX in the Company’s development strategy, with a planned production of 2.2 million tonnes per annum of Muriate of Potash over 33 year life. Kore’s projects aim to be among the world’s lowest-cost potash producers due to their favourable location, large size, very high-grade and shallow depth of the deposits. The Company’s major shareholders include the Oman Investment Authority (OIA) and global lithium and potash producer, Sociedad Química y Minera de Chile (SQM). The projects are well supported by the government of the RoC with whom Kore has an excellent relationship.

Kore Potash has raised $900k across 1 round. Its most recent round was a Series Unknown of $900k in Nov 2024. Full funding history, investors, and team are detailed below.

Funding history

1 round · 1 visible Unlock with plan

1 round on record.

Date
Round
Amount
Lead investor
Nov 5, 2024
Series Unknown
$900k

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