Koura announced that it has signed a three-party Letter of Intent with Foosung Co. Ltd. and the Mayor of Kedzierzyn-Kozle, Poland, to develop a new production plant in the region to meet the growing demand in Europe for inorganic fluorine compounds used in the production of lithium-ion batteries in Europe. The agreement follows the Katowice Special Economic Zone's decision to support construction of a battery materials production and service plant on a 20-ha plot of land acquired by Foosung Poland from the Commune in July 2019.

In addition to meeting renewable energy market needs, the construction and continued operations of the plant will drive economic development in the region. The first phase of construction will entail creating 80 local jobs with a ramp up to 150 local jobs for continued operations. Additionally, Koura will provide chemistry education in schools and other educational institutions in the Commune and the Kedzierzyn-Kozle Powiat (County) through this partnership.

Construction of the production plant on the Southern Field will commence in the second quarter of 2022, with the personnel recruitment process set to begin in 2023.