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Kore Potash Secures $1.9B EPC Contract, Eyes Financing by February

6:43pm on Sunday 1st of June, 2025 AEST Mining
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Kore Potash Secures $1.9B EPC Contract, Eyes Financing by February

6:43pm on Sunday 1st of June, 2025 AEST
Key Points
  • Signed $1.929 billion fixed-price EPC contract with PowerChina for Kola Project
  • EPC contract includes penalties for delays and non-performance
  • Summit Consortium to deliver non-binding financing term sheet by end of February 2025
  • Successful $0.9 million fundraising completed in November 2024
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