What Kore Potash does

Kore Potash Plc is a pre-revenue, publicly listed mineral exploration and development company (AIM: KP2; ASX, JSE, A2X) advancing the Sintoukola potash basin in the Republic of Congo. The company's asset base comprises three staged projects: the flagship Kola Potash Project (designed for 2.2 Mtpa of Muriate of Potash over a 31-33 year life, supported by a final EPC contract with PowerChina International Group Limited signed in November 2024), the Dougou Extension (DX) Sylvinite Project (designed as a 400 ktpa single-well solution mining operation targeting some of the world's highest-grade sylvinite at 57-60% KCl), and the larger Dougou carnallite deposit (~1.07 Bt @ 20.6% KCl) held for long-dated optionality.

The underlying mining technology combines conventional twin-shaft underground extraction at Kola with single-well selective dissolution solution mining at DX, with planned subsea brine disposal to the Atlantic via a dedicated pipeline eliminating the need for surface tailings. Kola's 508 Mt @ 35.4% KCl measured and indicated resource and very low insoluble content (~0.3%) underpin projected operating costs of US$87/t MoP FOB (DX) and US$102/t CFR (Kola) — among the lowest globally and the central commercial thesis of the business.

The intended go-to-market is direct B2B export sales of Granular K60 MoP from the deep-water port of Pointe-Noire to large fertilizer distributors and importers across Brazil (primary), South Africa, Nigeria, Morocco, and other African markets. With no current product sales, the company's near-term motion is project financing, EPC execution, and regulatory/partner engagement, alongside a Formal Sale Process under the UK Takeover Code launched November 2025 following non-binding offers from potential acquirers.

Name

Kore Potash

Legal name

Kore Potash Plc

Website

https://korepotash.com

Company type

Public

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Kore Potash is a pre-revenue potash miner developing the Sintoukola basin in the Republic of Congo, planning 2.6 Mtpa of low-cost Muriate of Potash output (Kola + DX) for export to Brazilian and African fertilizer markets, currently in a UK Takeover Code Formal Sale Process.

Ownership category

akta.pro rank

Product category

Potash Mining

akta.pro primary industry

Potash Mining (IMAKAGAB)

Keywords

• Potash mining
• Mineral exploration
• Potash fertilizer
• Resource extraction
• Mining development

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Infrastructure, Operations, Personnel, Marketing or Sales, Others

Revenue model

1. Muriate of Potash (MoP) sales: Kore Potash is currently a pre-revenue potash exploration and development company with no product sales. The planned future revenue stream is the sale of Muriate of Potash (MoP), specifically Granular K60 MoP, produced from the Kola (2.2 Mtpa) and Dougou Extension (~400 ktpa) projects in the Republic of Congo. Off-take is expected to be sold into fertilizer markets in Brazil, South Africa, Nigeria, Morocco and other African countries. Revenue economics project operating costs of approximately US$87/t FOB (DX) and US$102/t CFR (Kola).

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels7 records

Core offering

Kore Potash is an advanced-stage potash mineral exploration and development company advancing three projects (Kola, Dougou Extension/DX, and Dougou) in the Sintoukola basin of the Republic of Congo. Once in production, the company intends to produce and export Muriate of Potash (Granular K60 MoP) at scale — 2.2 Mtpa from Kola and ~400 ktpa from DX — for sale to fertilizer distributors and importers in Brazil, South Africa, Nigeria, Morocco, and other African markets. The company is currently pre-revenue and focused on project financing, construction and bringing its assets into production.

Product overview

Kore Potash operates a portfolio of potash mining projects within the Sintoukola potash basin in the Republic of the Congo (RoC), with a platform-plus-modules architecture centred on three staged mining assets rather than a single unified product. The core large-scale project is the Kola Potash Project (Kola), which is planned to produce 2.2Mtpa of Muriate of Potash (MoP) over a 33-year life and is supported by a signed EPC contract with PowerChina International Group Limited. The first module intended for production is the DX Project (Dougou Extension Sylvinite), a high-grade solution mining operation designed to produce 400ktpa of MoP. The third module, the Dougou Carnallite Deposit, provides long-term district-scale optionality. The Muriate of Potash (MoP) itself is the end product that all three projects will feed into, targeting export markets in Brazil and Africa.

Differentiator

Problem solved

Functional benefit

Products and services

• Kola Potash Project Flagship conventional underground potash mining project in the Sintoukola basin, Republic of Congo, planned to produce 2.2 Mtpa of Muriate of Potash (Granular K60 MoP) over a 33-year life. Based on a Measured and Indicated Mineral Resource of 508 Mt grading 35.4% KCl with very low insoluble content (~0.3%), with twin vertical shafts accessing high-grade sylvinite at 260-270 metres depth and projected operating cost of approximately US$102/t MoP CFR Brazil. EPC contract signed with PowerChina International Group Limited in November 2024; planned construction period of approximately 4 years from financial close.
• DX Project (Dougou Extension Sylvinite) High-grade sylvinite solution mining project intended as the first part of the Sintoukola basin to enter production. Designed as a single-well, selective dissolution operation producing ~400 ktpa of Muriate of Potash over an 18-year life, with reported Mineral Resource grades of 57-60% KCl among the highest potash grades globally. Planned construction period of approximately 21 months from financial close, with projected life-of-mine operating cost of US$87/t MoP FOB and brine disposed of via a subsea pipeline direct injection into the Atlantic Ocean.
• Dougou Carnallite Deposit Large carnallite deposit located 15 km southwest of Kola, with a Measured and Indicated Mineral Resource of approximately 1.07 billion tonnes grading 20.6% KCl. Identified as a future development asset providing long-term, district-scale optionality for low-cost scalable solution mining of potash.
• Muriate of Potash (MoP) — Granular K60 The planned end product to be produced from Kore's potash projects. Granular K60 MoP specification intended primarily for direct application and bulk blending into agricultural fertilizer products, with projected supply from Kola at approximately US$102/t CFR Brazil and from DX at approximately US$114.61/t CFR.

Quantifiable outcome

• Projected operating cost of US$87/t MoP FOB (DX) and US$102/t MoP CFR (Kola) — among the lowest globally
• +5 more outcomes

Segments6 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Twelve partnerships are on record, tiered flagship, core and minor.

• PowerChina International Group LimitedflagshipStrategic or Co-development Partner · 19 November 2024Engineering, Procurement and Construction (EPC) contract signed on 19 November 2024 for the construction of the Kola Potash Project. PowerChina is one of the world's largest engineering and construction groups and provides the EPC backbone for Kore Potash's flagship 2.2 Mtpa project.
• SEPCOcoreStrategic or Co-development Partner · 1 January 2023Construction contractor party to a revised EPC agreement related to the Kola project; SEPCO has been involved in the project's construction planning prior to the PowerChina EPC award.
• TechnipFMCcoreImplementation/ SI/ Consulting Partner · 28 February 2017Definitive Feasibility Study (DFS) contractor for the Kola project, awarded February 2017. TechnipFMC delivered the engineering and cost estimates underpinning the project's bankable feasibility case.
• SP Angel Corporate Finance LLPminorOthersNominated Adviser to Kore Potash on the London Stock Exchange's AIM market.
• Shore Capital Stockbrokers LimitedminorOthersJoint Broker to Kore Potash on AIM.
• BDO LLPminorOthersIndependent Auditor of Kore Potash plc.
• Tavistock CommunicationsminorOthersRetained financial public relations advisor for Kore Potash, based in London.
• Computershare Investor Services (Pty) LtdminorOthersRegistrar for Kore Potash's share register, with offices in Perth (Australia) and Johannesburg (South Africa).
• Questco Corporate Advisory (Pty) LtdminorOthersJSE Sponsor providing regulatory sponsorship for Kore Potash's Johannesburg Stock Exchange listing.
• Jane Goodall Institute (JGI)minorOthersNGO conservation partner collaborating with Kore Potash on biodiversity and environmental programmes around the company's operations in the Republic of Congo.
• HELP Congo & RenaturaminorOthersLocal Congolese conservation NGOs working with Kore Potash on community and biodiversity programmes.
• PADEF (Programme d'Appui au Développement des Filières Agricoles)minorGTM or Marketing PartnerAgricultural sector development programme supporting local agricultural value chains; partnered with Kore Potash on community agricultural development in the Republic of Congo.

Scale indicators13 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Nutrien Ltd: World's largest potash producer (~20 Mtpa capacity) and a direct competitor in the global MOP market, with a broad crop nutrients and retail distribution platform that dwarfs Kore's planned 2.2 Mtpa Kola output. Most relevant incumbent for benchmarking cost curves, offtake structures and Brazilian/African market dynamics.
• The Mosaic Company: Major North American potash producer (Saskatchewan operations) and a leading global phosphate producer, competing with Kore in MOP supply to Brazil and other agricultural markets. Comparable as a publicly listed, geographically diversified fertilizer miner with a similar cost-driven thesis.
• ICL Group Ltd: Israeli specialty fertilizers and potash producer with operations in Israel, Spain and the UK, supplying MOP and specialty plant nutrition products globally. Comparable as a publicly listed specialty fertilizer producer with established off-take into Brazilian and European markets.
• Sociedad Química y Minera de Chile (SQM): Chilean specialty fertilizer producer (lithium, iodine, specialty plant nutrition) and a 10.40% shareholder in Kore Potash. Comparable as a globally significant specialty fertilizer producer with prior potash production exposure and direct overlap with Kore's investor base.

Direct peers

• K+S Aktiengesellschaft: German-headquartered potash and salt producer with European mining operations and global MOP distribution. Closest European-listed comparable peer for a publicly listed single-commodity potash developer with African asset exposure.
• Arab Potash Company: Jordanian potash producer (Dead Sea operations, ~2.5 Mtpa) with a single-commodity, publicly listed business model and direct MOP supply into African, Asian and European markets. Comparable as a publicly listed, single-commodity potash producer targeting similar emerging-market off-take.

Emerging players

• BHP Group Limited: Developing the Jansen potash project in Saskatchewan (Stage 1 ~4.4 Mtpa), entering the MOP market as a new Tier 1 producer from 2026/2027. Closest large-cap emerging peer for a greenfield Tier 1 potash project with multi-year construction runway.
• Emmerson Plc: UK-listed junior potash developer advancing the Khemisset project in Morocco toward construction, with planned MOP output targeting European and African agricultural markets. Closest size- and stage-comparable peer to Kore among publicly listed potash developers.
• Gensource Potash Corporation: Small-cap Canadian junior potash developer pursuing selective dissolution mining in Saskatchewan with a small modular production philosophy. Comparable as a publicly listed developer using innovative solution-mining extraction methods to target lower-capex potash production.
• Brazil Potash Corp: Canadian-listed junior developing the Autazes potash project in Brazil's Amazonas state, targeting the same Brazilian MOP import demand that Kore's Kola project is positioned to serve. Highly relevant peer because both companies are racing to bring new Atlantic-basin potash capacity into the Brazilian market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/korepotash
• YouTubeyoutube.com/watch?v=072DjnXWlqc
• LinkedInlinkedin.com/company/kore-potash-sa

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries3 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kore Potash