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Kore Potash Shares Surge 4.5% on Financing Breakthrough for Kola Project
Kore Potash Shares Surge 4.5% on Financing Breakthrough for Kola Project
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Kore Potash PLC (JSE: KP2) rallied 4.5% to ZAC 69, breaking a prolonged downtrend after updating investors about financing discussions with the Summit Consortium for its Kola potash project. The ASX-imposed trading halt—triggered by pending disclosure requirements—was interpreted by the market as a precursor to positive funding developments.
Technical indicators turned bullish as KP2 decisively cleared the ZAC 60 resistance level. Trading volumes spiked during the breakout, with medium-term price targets now pegged at ZAC 75 and ZAC 82. Market participants anticipate formal funding announcements could catalyze further upside.
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