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Share Name | Share Symbol | Market | Stock Type |
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Keras Resources Plc | KRS | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
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1.30 | 1.30 | 1.30 | 1.30 | 1.30 |
Industry Sector |
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MINING |
Top Posts |
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Posted at 30/6/2025 17:33 by jimbl when the KRS share price was 1.30p. "If a person or group of persons acting in concert (together, a‘bidder’ more of the voting rights, they must announce and make a general offer for the remaining issued shared capital of the company at the highest price paid by the bidder within the previous 12 months." Given the utter sh@t-show that KRS/Calidus has been for shareholders then I wouldn't be at all surprised at such an outcome. |
Posted at 06/6/2025 07:51 by pangrati Togo UpdateKeras Resources plc (AIM: KRS) is pleased to announce an update on the Nayéga manganese mine ("Nayéga") in northern Togo owned by Société Togolaise de Manganèse (STM), the Republic of Togo's ("State") 100% owned investment company. Carrieres Mines Travaux Publics SA ("CMTP"), Nayéga's mining and logistics contractor, has now completed the dry commissioning of the Nayéga processing plant and has mobilised its mining fleet to the Nayéga mine site with the aim of starting mining activities by the end of June 2025 and is expected to be processing ore at an initial rate of 4,000 tonnes of saleable manganese for the first 3 months starting July 2025 and thereafter at nameplate capacity of 8,000 tonnes per month of saleable ore. Keras signed a Cooperation Agreement in 2023 with the State whereby it will be paid an advisory fee of 1.5% of gross revenue generated from the Nayéga mine for the provision of advisory services for 3 years and 6.0% of gross revenue generated from the Nayéga mine for the provision of brokerage services for the lesser of 3.5 years or 900,000 tonnes of beneficiated manganese ore produced and sold from Nayéga Russell Lamming, Interim Executive Chairman of Keras, commented, "The mobilisation of CMTP to site and the imminent production at Nayéga is very good news. The cashflow due under the Cooperation Agreement will underpin the progress and associated cashflows from the US operations. I look forward to updating shareholders in the near term." |
Posted at 26/3/2025 11:15 by pangrati Keras Resources* (KRS LN) – 1.6p, Mkt cap £1.5m – New managing director appointed for organic phosphate mine and process plant in Utah, USA(Keras holds 100% of the Diamond Creek phosphate mine in Utah, USA) Keras Resources report the appointment of Colton Hale as managing director of the Diamond Creek mine and Falcon Isle process plant in Utah, USA. Colton Hale has hands-on experience in mining with Rio Tinto, Burningham Enterprises and Bodell Construction. He formerly worked as a Senior Financial Analyst at Rio Tinto and as a Project Superintendent at Bodell Construction. Colton formerly worked on the construction of the access roads and the maiden mining campaign at Diamond Creek during his time with Burningham Enterprises. Keras report the operation at the Delta Facility is going well and is producing both Phosul® granulate and Falcon Isle dry rock phosphate product, sold under the PhosAgri Organic banner. The PhosAgri Organic product grades between 11%-15% available P2O5 which is 3x higher than any other organic phosphate produced in the US. The product is certified organic by the three key agencies namely; CDFA - California Department of Food & Agriculture OMRI - Organic Materials Review Institute WSDA - Washington State Department of Agriculture Keras sold 5,297t of PhosAgri Organic last year vs 4,606t in 2023. Phosul® won the 2024 Green Chemistry Challenge Award for phosphate fertilizer that avoids hazardous chemicals and waste emissions associated with traditional phosphate fertilizer. Traditional production processes involve emissions such as strong acids, heavy metals, and radioactive materials. Phosul® jv sales started to ramp up from January to meet new demand for the Spring planting season. The jv reports a “significant increase in demand in the first quarter of 2025 and we expect this to continue through the year.” Conclusion: It sounds as if Phosul® sales are off to a good start and that PhosAgri Organic product sales should underpin sales as Phosul® sales gather momentum. *SP Angel acts as nomad and broker to Keras |
Posted at 26/3/2025 07:25 by pangrati Corporate UpdateKeras Resources plc (AIM: KRS) is pleased to announce an update on the Company's high-grade organic phosphate mine and processing operations in Utah, USA held through its 100% owned subsidiary Falcon Isle Resources Corp ("Falcon Isle"). Falcon Isle's primary business is producing high grade rock phosphate from its 100% owned Diamond Creek phosphate mine in Utah ("Diamond Creek") and processing it into organic fertilisers at the Integrated Processing Facility in Delta, Utah ("Delta Facility"). Following the January management restructure the Company has appointed Colton Hale as Managing Director ("MD") of Falcon Isle. · Colton is a Finance graduate with significant "hands-on" experience in the mining space, including Burningham Enterprises, Bodell Construction and Rio Tinto. Colton studied part-time for his Bachelor's degree while working for Burningham Enterprises as an equipment operator from 2014-18 and then as a mining supervisor from 2020-22 (this included the construction of the access roads and maiden mining campaign at Diamond Creek). Subsequently Colton was a Project Superintendent at Bodell Construction and Senior Financial Analyst at Rio Tinto. · Operations at the Delta Facility are progressing well where we are producing both Phosul® granulate under the Phosul Utah LLC joint venture ("JV") as announced on 22 January 2024 and Falcon Isle's dry rock phosphate products, sold under the PhosAgri Organic banner. · PhosAgri Organic, Falcon Isles primary rock phosphate product has available P2O5 of between 11%-15% which is 3x higher than any other organic phosphate produced in the United States and is certified organic by the three key agencies namely; · CDFA - California Department of Food & Agriculture · OMRI - Organic Materials Review Institute · WSDA - Washington State Department of Agriculture · Sales of PhosAgri Organic for 2024 totalled 5,297 tons, an increase of 15% from the 4,606 tons sold in 2023. · Phosul® is the 2024 Green Chemistry Challenge Award winner for making phosphate fertilizer that avoids hazardous chemicals and waste emissions associated with traditional phosphate fertilizer production, such as strong acids, heavy metals, and radioactive materials. Sales of Phosul® from the JV only materially started in January of this year when the demand for Spring planting began. The JV saw a significant increase in demand in the first quarter of 2025 and we expect this to continue through the year. Russell Lamming, Interim Executive Chairman of Keras, commented, "I have just returned from the US where I spent time at our operation in Delta, at our Phosul JV partners' operations in Idaho and with customers and potential partners. Our US based high-grade phosphate products are extremely well positioned for both the organic and conventional fertiliser markets and it is time to deliver into both of those markets. Securing Colton, who is both a hands-on operator and a financial MD, is very important to our strategy and I would like to welcome him to the team and look forward to growing the Falcon Isle brand with him leading the US team. I look forward to updating shareholders in the near term on progress on both fronts." |
Posted at 26/3/2025 07:25 by pangrati Keras Resources (AIM: KRS) wholly owns the Diamond Creek organic rock phosphate mine in Utah, US. Diamond Creek is one of the highest-grade organic phosphate deposits in the US and is a fully integrated mine to market operation with in-house mining and processing facilities. The operation produces a variety of organic phosphate products that can be tailored to customer organic fertiliser requirements.The Company is focused on continuing to increase market share in the fast-growing US organic fertiliser market and build Diamond Creek into the premier organic phosphate producer in the US. |
Posted at 01/11/2024 00:02 by jimbl Well, the loans are also primarily through, and owed to, Grosso (via the Diane H Grosso investment trust). Last 'restructured' in May '24, followed by this latest 'subscription' of which we had little (zero) inkling.For a company which stated in the last final results that FIR was 'operating profitably' (KRS has ZERO other operations now) it sure is questionable as to why we keep needing to raise money while still owing the final $850k purchase payment to the original owner. |
Posted at 26/9/2024 11:10 by apotheki SP Angel . Morning View . Metals extend gains on positive reaction to China fiscal stimulusKeras Resources* (KRS LN) – 2.75p, Mkt cap £2.21 – Interims (Keras holds 100% of the Diamond Creek phosphate mine in Utah, USA) Keras Resources has published its interim report to end June 2024 The team concluded the jv with PhoSul Utah LLC and the acquisition of a new site 8 miles north of Delta in Utah for along with the transfer and construction of all processing infrastructure from Spanish Fork. The new integrated processing facility cold commissioned in June with hot commissioning completed by end June. The 2024 mining season started with ~7,500t due to be mined this year. The new jv and facilities with PhoSul® should enable faster and greater growth in sales for the organic rock phosphate. Revenue rise to £556k from £397k yoy from the sale of organic rock phosphate from the Diamond Creek mine in Utah, USA. Revenue from the manganese operations came to £29,000 for advice to the Togo government which has taken over control of the Nayéga manganese mining project in Togo. Production costs rose to £440k from £44k Administrative expenses fell to £492k from £686k as management up moved to develop new facilities to feed the new jv with Phosul. Finance costs of £80k fell from £106k. There was a positive £82k gain foreign exchange translation vs £29k yoy. The total comprehensive loss came to £354k vs £226k yoy. The company has £1.5m of promissory and convertible notes repayable in 2028. Conclusion: We expect Keras to report a substantial uplift in sales from here on through the direct sale of organic rock phosphate and via the new jv with PhoSul® in the US. *SP Angel acts as nomad and broker to Keras |
Posted at 26/9/2024 07:55 by apotheki Interim ResultsKeras Resources plc (AIM: KRS) announces its unaudited half year results for the six months ending 30 June 2024. Overview · Conclusion of PhoSul Utah LLC joint venture ("Phosul JV"), the acquisition of the property in Sutherland, 8 miles north of the town of Delta, Utah ("Delta Facility") on 22 January 2024 and the transfer and construction of all processing infrastructure from Spanish Fork to Delta; · New integrated processing facility cold commissioned on 3 June 2024 and hot commissioning completed on 28 June 2024; · Loss increased from £255,000 to £436,000 largely due to increased non-capital items related to the move to the Delta Facility and the exclusion of the extra-ordinary items in the comparable period in 2023; · 28% increase in sales of 4,106 tons compared to period ended 30 June of 2023 of 3,190 tons; · 2024 mining season has commenced with an estimated 7,500t to be mined for the season; · Long term fundamentals of the organic fertiliser marker remain robust; and · Move to produce PhoSul®, a direct application product in addition to the existing dry rock phosphate fertiliser blend products underpins the Company's trajectory to becoming North America's premier organic phosphate producer. Graham Stacey, Keras Chief Executive Officer, commented, "2024 has been a transformative year for the Company with the move to the Delta Facility, the Phosul JV and the strategic diversification of our product range to ensure we are able to produce into the robust North American organic fertiliser market with a direct application granular product. For the rest of the year, operationally our focus will shift from infrastructure development to commercial production growth and from a product development perspective we will now focus on liquid organic product(s) with higher phosphate availability, building on our research carried out in 2023." |
Posted at 01/7/2024 12:27 by rec0very stock The decision to ramp up and the responsibility for funding the ramp up now sits with Togo Govt. I think we have all learned not to count our chickens when it comes to Togo Govt.A properly worked out note which gives low, best and high estimates of net cashflow to KRS for both revenue streams is desperately needed if KRS share price is to have any chance of reflecting true value. After what has happened at CAI, I for one really need KRS to deliver. |
Posted at 29/5/2024 08:35 by tim000 In that placing, an institution named First Uranium became a shareholder. Almost exactly a year later they sold out, selling 8mn shares to Grosso @2.5p! I would guess the fund manager at FU left and his successor had a clear out, as they do. How did Grosso, who lives in Florida, become acquainted with KRS? One might speculate that an exiting FU manager might be involved? Anyway, terrific business for Grosso, who hopefully projects KRS to be another Silvercrest-type success in the fullness of time. Diamond Creek has 3mn tonnes of high-grade phosphorus pentoxide accessible by opencast mining, no doubt with more reserves waiting to be booked. KRS hasn’t produced a NPV calculation of the resource, but maybe Grosso has and it would be an awful lot more than KRS’s mkt cap, hence his enthusiasm. |
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