Correspondence from Minister of Mines
Updated : 18:42
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 or contact:
Kore Potash Brad Sampson - CEO
| Tel: +27 84 603 6238 | |
Tavistock Communications Emily Moss Adam Baynes | Tel: +44 (0) 20 7920 3150 | |
SP Angel Corporate Finance - Nomad and Broker Ewan Leggat Charlie Bouverat | Tel: +44 (0) 20 7470 0470 | |
Shore Capital - Joint Broker Toby Gibbs James Thomas | Tel: +44 (0) 20 7408 4050 | |
Questco Corporate Advisory - JSE Sponsor Doné Hattingh | Tel: +27 (11) 011 9205 |
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