Republic of Congo
The Company would not be required to contribute to the capital needed to build the project and would retain a 90% equity interest in Kola.
Kore Potash continues to communicate constructively with the Minister of Mines to ensure the parties remain fully engaged.
“We have seen improvements in the DX project as each phase of work has progressed, and we are excited to be moving forward with the DFS.”
Kore Potash has announced its intention to raise a minimum of US$7 million to fund a DFS for the Dougou Extension Sylvenite project.
Kore Potash, the Republic of Congo focused junior has been issued its Certificates of Environmental Compliance for its flagship 97%-owned Sintoukola potash project.
Kore Potash intends to raise approximately US$13 million to conduct exploration activities at its 97%-owned Sintoukola Potash Project.
With two new African phosphate assets acquired recently – it is targeting to mine 3 Mtpa of rock phosphate from a 1 000 Mt resource within five years.
The Mining Convention covering the proposed staged development of Kore Potash’s Kola and Dougou mining licences has been gazetted into law following ratification by the Parliament of the Republic of the Congo.
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