REG - Keras Resources PLC - Corporate Update

Keras ResourcesAnnouncement

26/09/2025 07:00

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RNS Number : 8924A  Keras Resources PLC  26 September 2025

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

 

26 September 2025

 

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

 

Corporate Update

 

Keras Resources plc (AIM: KRS) is pleased to announce an update on the
cooperation agreement signed with the Republic of Togo ("State") ("Cooperation
Agreement") related to the Nayéga manganese mine ("Nayéga") in northern
Togo.

 

Nayéga starting mining activities at the end of July 2025 and is meeting
expectations of processing ore at an initial rate of 4,000 tonnes per month of
saleable manganese for the first 3 months and thereafter at nameplate capacity
of 8,000 tonnes per month of saleable ore.  The Company has now received its
first payment as per the cooperation agreement signed in 2023 post the
shipment of the initial 2,700 tonnes of ore in containers on 5 September 2025.

 

Russell Lamming, Interim Executive Chairman of Keras, commented, "The first
payment under the  Cooperation Agreement is a significant milestone for both
the Company and Nayéga and we now look forward to the continued increase in
production with cashflows that will underpin the cashflows from the US
operations. I look forward to updating shareholders in the near term on
progress on both fronts."

 

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**

 

For further information please visit www.kerasplc.com
(http://www.kerasplc.com/) , follow us on Twitter @kerasplc or contact the
following:

 

 Russell Lamming                       Keras Resources plc             info@kerasplc.com

 Nominated Adviser & Joint Broker      SP Angel Corporate Finance LLP  +44 (0) 20 3470 0470

 Ewan Leggat / Jen Clarke

 Joint Broker                          Shard Capital Partners LLP      +44 (0) 207 186 9900

 Damon Heath / Erik Woolgar

Notes:

Keras Resources (AIM: KRS) wholly owns the Diamond Creek organic rock
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. The operation
produces a variety of organic phosphate products that can be tailored to
customer organic fertiliser requirements.

 

The Company is focused on continuing to increase market share in the
fast-growing US organic fertiliser market and build Diamond Creek into the
premier organic phosphate producer in the US.

 

 

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