Can confirm there was a CR in 2 tranches. They are cashed up...

Can confirm there was a CR in 2 tranches. They are cashed up waiting on one of the larger holders to initiate funding for the mine. If this goes ahead it will rerate significantly. We should know where things are at come Oct/Nove. Its a massive resource just needs a lot of money to get it going....

Kore Potash (KP2) has successfully completed its proposed fundraising, after raising more proceeds than anticipated

The company originally planned to raise approximately A$14.39 million, but ended up raising roughly A$16.28 million in proceeds

Kore Potash signed a memorandum of understanding with the Summit Consortium, under which the Consortium will fully finance construction of the company’s Kola Potash Project in the Republic of Congo. Kore Potash has committed to paying half of the cost of the optimisation study, which will precede construction on the project. The company’s half of the costs will amount to roughly US$900,000 (A$1.17 million), a sum now more than covered by the completed fundraising.

Once due diligence is completed and the target capex is reached through the optimisation study, the Summit Consortium will present a financing proposal for financing construction at Kola. The consortium has nine months from the signing of the MOU to present this financing proposal.