What I like about this project is that it looks like the company doesn't want to dilute the shareholders to fund the project as explained in the below quote.
Kola Financing
"Kore Potash continues to work with the Summit Consortium to provide financing for the construction cost of
Kola, which is intended to be based on royalty and debt finance.
The financing parties of the Consortium have confirmed their ongoing strong interest in financing Kola and await
the execution of the EPC contract in the Republic of Congo.
The Consortium has advised that the financing term sheet for the construction cost of Kola will be provided to
the Company within three months of the execution of the EPC Contract.
Kore Potash continues to believe that the Consortium members can provide financing for the construction of
Kola and that pursuing this financing opportunity remains the best path forward for Kore Potash’s shareholders."
What I like about this project is that it looks like the company...
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