Kore Potash to list shares on A2X Markets
Kore Potash has announced plans to list its shares on A2X Markets under the share code “KP2”. This listing will not affect Kore Potash’s existing listings on AIM (a market of the London Stock Exchange), the Australian Securities Exchange (ASX), and the Johannesburg Stock Exchange (JSE).
The company is focused on developing the Sintoukola potash basin in the Republic of Congo, aiming to become one of the world’s lowest-cost potash producers due to the favourable characteristics of its deposits, which are large, high-grade, and shallow. Potash is a critical mineral for agriculture, primarily used as a fertilizer to enhance soil fertility and plant health. The most common form is Muriate of Potash, or Potassium Chloride (KCl).
Goal
CEO André Baya highlighted that listing on A2X aligns with Kore Potash’s strategy of leveraging technology and efficiencies to maintain low production costs. This move allows shareholders to transact at the best prices across African markets, reflecting the company’s commitment to cost-effectiveness and shareholder value.
Kore Potash joins other mining sector companies on A2X, such as AngloGold Ashanti and Harmony. A2X CEO Kevin Brady expressed excitement about Kore Potash’s listing, emphasizing the benefits of additional liquidity, an alternative trading venue, and cost savings due to A2X’s low fee structure.
A2X Markets, regulated by South Africa’s Financial Sector Conduct Authority, Prudential Authority, and South African Reserve Bank, provides a secondary trading venue for companies, aiming to offer efficient and cost-effective trading options.
