Correspondence from Minister of Mines

Kore Potash

11/11/2022 10:13

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RNS Number : 1403G  Kore Potash PLC  11 November 2022

11 November 2022

 

Kore Potash Plc

("Kore Potash" or "the Company")

 

Correspondence from Minister of Mines

 

Kore Potash (AIM: KP2, ASX: KP2, JSE:KP2), the potash development company with
97%-ownership of the Kola and DX Potash Projects in the Sintoukola Basin,
located in the Republic of Congo ("RoC"), advises that it has responded in
writing to the Minister of Mines' ("Minister") recent letter.

 

On 19 October 2022 the Company announced that its local subsidiary company
received a letter dated 12 October 2022 from the Minister expressing his
discontent with aspects of the administration of the Company's subsidiary
companies in the RoC and the apparent lack of progress that Kore Potash and
the Summit Consortium are making towards the financing of the Kola Project
("Kola").

 

The Company has responded to the items raised by the Minister and is seeking
his ongoing support to continue the historically strong and constructive
relationships with Kore Potash to enable the completion of the financing
process for the construction of the Kola Potash project.

 

The Company's response was provided within the 30 day period requested by the
Minister and the Company now awaits further feedback.

 

This announcement has been approved for release by the Board of Kore Potash.

 

Market Abuse Regulation

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

ENDS

 

 

For further information, please visit www.korepotash.com
(http://www.korepotash.com) or contact:

 

 Kore Potash                                      Tel: +27 84 603 6238

 Brad Sampson - CEO

 Tavistock Communications                         Tel: +44 (0) 20 7920 3150

 Emily Moss

 Adam Baynes
 SP Angel Corporate Finance - Nomad and Broker    Tel: +44 (0) 20 7470 0470

 Ewan Leggat

 Charlie Bouverat
 Shore Capital - Joint Broker                     Tel: +44 (0) 20 7408 4050

 Toby Gibbs

 James Thomas
 Questco Corporate Advisory - JSE Sponsor         Tel: +27 (11) 011 9205

 Doné Hattingh

 

 

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