Kore Potash : A2X to welcome potash developer, Kore Potash Plc to its market

Media release

A2X Markets and Kore Potash Plc

A2X to welcome potash developer, Kore Potash Plc to its market

Tuesday,7 May 2024: Kore Potash Plc(Kore Potash) will list its shares on A2X Markets(A2X) and its shares will be available for trade on A2X from 14 May 2024 under the share code "KP2".

Kore Potash is an advanced stage mineral exploration and development company that is incorporated in England and Wales and listed on AIM, a market operated by the London Stock Exchange (LSE), the Australian Securities Exchange (ASX) and the JSE Limited (JSE). These listings remain unaffected by its secondary listing on A2X.

Through the development of the Sintoukola potash basin in the Republic of Congo, Kore Potash is working to bring its globally significant potash deposits into production. Kore Potash aims to be among the world's lowest-cost potash producers due to the favourable location, large size, very high-grade and shallow depth of its Congo deposits.

Potash is the name for the group of minerals that provide potassium (K) for plant growth. Around 90-95% of potash is used in agriculture as fertiliser with the most common type of potash, Muriate of Potash, also known as Potassium Chloride (KCl), which is essential to soil fertility, plant health and agricultural productivity.

André Baya, the CEO of Kore Potash said "We combine the latest technologies and efficiencies to meet Kore's ambition to become one of the world's lowest-cost potash producer. By listing on the A2X efficient and low-cost platform, we extend our philosophy to shareholders and allow them the opportunity to transact at the best price across markets in Africa."

Kore Potash joins other companies from the mining sector with listings on A2X including AngloGold Ashanti, African Rainbow Minerals, DRDGOLD, Exxaro, Harmony, Impala Platinum, Merafe, Pan African Resources, Tharisa Plc and most recently, Neo Energy Metals and Marula Mining who have inward-listed their shares on A2X from the UK.

A2X CEO, Kevin Brady said, "We are looking forward to be welcoming Kore Potash to our market next week and demonstrating the benefits that a secondary listing can bring to their shareholders. Not only does it provide an alternative venue on which to transact and access additional liquidity but our low fee structure also drives significant savings."

A2X is a licensed stock exchange authorised to provide a secondary trading venue for companies and is regulated by the Financial Sector Conduct Authority and Prudential Authority and South African Reserve Bank in South Africa in terms of the Financial Markets Act 19 of 2012.

ENDS

Images

A2X CEO, Kevin Brady

André Baya, CEO, Kore Potash

About A2X

A2X is an authorised stock exchange that offers a complementary platform where companies can secondary list shares for trade.

There is no cost, risk or additional regulation to secondary list, and it provides a company's shareholders with the opportunity to save money when they transact by taking advantage of the platform's low fee structure and additional liquidity.

The stock exchange is playing an integral part in the progression of South Africa's financial markets. Launched in 2017, A2X is managed by a highly experienced team from the financial services and technology industries. This experience, combined with advanced technology, stable systems, and an agile environment enables the exchange to provide the market with effective competition and brings real savings to the market.

There are 181 instruments currently listed on A2X, including 30 top 40 constituents, with a combined market capitalisation of over R9 trillion.

A2X is regulated by the Financial Sector Conduct Authority (FSCA) and the South African Reserve Bank (SARB) in terms of the Financial Markets Act.

www.a2x.co.za

About Kore Potash Plc

Kore Potash Plc is an advanced stage mineral exploration and development company that is incorporated in England and Wales and listed on AIM, a market operated by the London Stock Exchange (LSEG), the Australian Securities Exchange (ASX) and the JSE Limited (JSE). These other listings remain unaffected by its secondary listing on A2X.

Through the development of the Sintoukola potash basin in the Republic of Congo (RoC), Kore Potash is working to bring a number of globally significant potash deposits into production. Kore's projects aim to be among the world's lowest-cost potash producers due to their favourable location, large size, very high-grade and shallow depth of the deposits.

Potash is the name for the group of minerals that provide potassium for plant growth. Around 90-95% of potash is used in agriculture as fertiliser the most common type of potash, Muriate of Potash (MoP) used to maintain soil fertility and improve plant health.

https://korepotash.com/