 Showing 6026 to 6048 of 6050 messages
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06/6/2025 07:51:05 | Togo Update
Keras 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." |  pangrati | |
26/3/2025 17:19:35 | I'm so glad I offloaded a few, even though at a loss. Not sure what their playing at here? |  stockriser | |
26/3/2025 14:33:03 | LOL, Mark. Yup, sounds very much like it. Checked his Linkedin and he's never ran a company and only just qualified as an accountant. |  jimbl | |
26/3/2025 14:12:54 | It reads to me like the new guy will be running a backhoe during the day and doing the bookkeeping at night.
Sounds a bit two bob. |  markyess | |
26/3/2025 11:15:09 | 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 |  pangrati | |
26/3/2025 08:25:17 | They still have to find close to $1 million this year to settle the payments to the former owner.
I see and hear nothing that suggests additional profit is going to be realised or grown exponentially from last year. |  jimbl | |
26/3/2025 08:10:01 | What are your thoughts re: the update?!I hold here but having bought at the last spike - 5p. D'ooooh!! |  theoriginalwonderstuff | |
26/3/2025 07:25:42 | Corporate Update
Keras 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." |  pangrati | |
26/3/2025 07:25:05 | 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. |  pangrati | |
06/3/2025 09:13:36 | hxxps://www.einnews.com/pr_news/791272804/phosphate-fertilizer-market-to-grow-over-35-6-billion-during-2025-2031-asia-pacific-significant-growth-opportunities
Phosphate Fertilizer Market to Grow Over $35.6 Billion During 2025-2031 | Asia-Pacific Significant Growth Opportunities News Provided By Allied Analytics LLP March 05, 2025, 13:05 GMT Share This Article |  tomboyb | |
17/1/2025 07:06:57 | CEO Graham Stacey “leaving the company for family reasons”, whatever that means. |  alan@bj | |
01/12/2024 11:50:34 | All you need to know about the Calidus situation!
Full disclosure with timelines of information,with links!
Make of it what you will, looks grim though!
hxxps://www.fticonsulting.com/creditors/calidus-resources-group
PC
With thanks to MTV over on HotCopper! |  pinecone | |
01/11/2024 00:19:04 | An offer made under Rule 9 must, in respect of each class of share capital involved, be in cash or be accompanied by a cash alternative at not less than the highest price paid by the offeror or any person acting in concert with it for any interest in shares of that class during the 12 months prior to the announcement of that offer. |  stockriser | |
01/11/2024 00:08:47 | Yes, that was another concern, the final $800k is due next summer, is the company able to make that payment from profits with 7000t sold, or will they have to raise more equity?Overall the company seems to be making good progress and seems to have honest management. The question is whether they will keep needing more money for the next couple of years, and also are the intentions of the concert party aligned with PIs? |  cyberbub | |
01/11/2024 00:02:37 | 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. |  jimbl | |
31/10/2024 23:33:35 | Presumably if those two wanted to go over 30% and make a takeover bid, they'd have to pay at least 2.5p now, in the next 12 months anyway?What is the actual forecast profitability now, on a micro market cap of £2.5m post dilution? They seem to have accumulated a lot of debt for such a small company. There are approx 30M shares to be issued for the convertible loans, fairly high interest standard loans, etcFrom the last interim results, their gross margin is modest, unless it's expected to increase with the new JV and higher-value Phosul? Plus they had a lot of deferred consideration still shown as 'payables', it seems to be more than is still owed for the Falcon Isle minority interest? |  cyberbub | |
31/10/2024 21:44:21 | As Grosso apparently introduced him, I'd presume so. That's 30% they hold between them, even though Grosso's is through the trust he administers. |  jimbl | |
31/10/2024 21:27:34 | Do we assume Grosse and Carbone are acting in concert 29.98% |  andrewhbruce | |
31/10/2024 20:44:53 | Seems the BOD are overly reliant on Grosso for funding, IMHO. That said, he sure does seem to have a strong interest in us. I hope it's for the best and doesn't turn into another car-crash like CAI has. |  jimbl | |
31/10/2024 20:34:54 | Ah…just seen the previous RNS. Don’t know how I missed that but that explains where they got the stock. |  the skipper | |
31/10/2024 20:27:14 | Just seen the two late RNS’s. Begs the question how did they manage to get that much stock without driving up the share price? Must have been off market transactions with a large holder imo. |  the skipper | |
31/10/2024 19:48:10 | Somewhat optimistic, me thinks!
PC |  pinecone | |
26/9/2024 11:10:07 | SP Angel . Morning View . Metals extend gains on positive reaction to China fiscal stimulus
Keras 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 |  apotheki | |
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