Kore Potash receives draft financing term sheet for Kola project

Kore Potash (JSE:KP2) announced that it has received a draft financing proposal and associated non-binding term sheets from the Summit Consortium for the Kola Potash Project in the Republic of Congo. The proposal covers the full funding requirement for the Kola Project’s development, incorporating royalty and project finance components. Kore Potash has until May 31, 2025, to consider, negotiate, and settle on the terms. In light of this development, Kore Potash requested the Australian Securities Exchange ("ASX") and the JSE Limited ("JSE") to immediately halt trading of its shares on the ASX and JSE, respectively. Trading will continue as normal on AIM, operated by the London Stock Exchange.