Kore Potash ASX trading halted amid financing term-sheet review

Kore Potash (JSE:KP2E) has announced a trading halt on the Australian Securities Exchange (ASX) due to its inability to meet the exchange's timeline for disclosing details of a draft, non-binding financing Term Sheet received from the Summit Consortium on April 28, 2025. The Term Sheet pertains to the Kola Potash Project, of which Kore Potash owns 97%. The ASX imposed the suspension effective May 1, 2025, under Listing Rule 17.3, and it will remain until further details are disclosed. Trading on the JSE has resumed, but shareholders are advised to exercise caution. Trading continues normally on AIM, the London Stock Exchange market. The Term Sheet allows until May 31, 2025, for review and negotiation of formal terms. The full ASX announcement can be found at: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02942182-6A1262868&v=7bc42bd11d853ed5e8c28f2ffcd6a069ee5cd6b4.