REG - Keras Resources PLC - Management Change

Keras ResourcesAnnouncement

17/01/2025 07:00

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RNS Number : 6810T  Keras Resources PLC  17 January 2025

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**

 

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 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 P(2)O(5) 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 P(2)O(5) 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 .

 

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