Kore Potash (KP2): Going concern and funding gap
This situation live
KP2 Kore Potash
25 Mar 2026 · Forecast shows liquidity shortfall by March 2027 · −5% until the next step
The Company will be required to raise funds in Q1 2027 for the working capital requirements for Kore Potash to the end of the going concern period (March 2027) to ensure the realisation of assets on a
30 Apr 2026 · Cash falling; funding still needed · +5% until the next step
As at 31 March 2026, the Company held c.US$8.3 million in cash.
28 Jul 2026 · Cash down to c.US$7.5m · +12% until the next step
As at 30 June 2026, the Company held c.US$7.5 million in cash.
11 Sep 2026 · Cash US$7.54m at 30 June 2026 · +0% since
Cash and cash equivalents held at 30 June 2026 were USD7,543,612 (31 Dec 2025: USD10,555,176).
Going concern and funding gap
Cash US$7.54m at 30 June 2026
Next: raise funds in Q1 2027 for working capital
Every step · 4
- 25 Mar 2026 Forecast shows liquidity shortfall by March 2027 – The Company will be required to raise funds in Q1 2027 for the working capital requirements for Kore Potash to the end of the going concern period (March... ↗
- 30 Apr 2026 Cash falling; funding still needed – As at 31 March 2026, the Company held c.US$8.3 million in cash. ↗
- 28 Jul 2026 Cash down to c.US$7.5m – As at 30 June 2026, the Company held c.US$7.5 million in cash. ↗
- 11 Sep 2026 Cash US$7.54m at 30 June 2026 – Cash and cash equivalents held at 30 June 2026 were USD7,543,612 (31 Dec 2025: USD10,555,176). ↗
What is happening
Kore Potash: Going concern and funding gap – Cash US$7.54m at 30 June 2026. ['Cash US$7.54m at 30 June 2026']
- In short
- The 2025 audited results carry a going-concern warning because forecast liquidity is insufficient to 31 March 2027. Cash fell from US$10.56m at year-end to c.US$8.3m at 31 March 2026. The half-year report shows US$7,543,612 at 30 June 2026. Funding depends on Financial Close and on raising additional capital.
- Announced
- 25 Mar 2026 · Forecast shows liquidity shortfall by March 2027
- Latest
- 11 Sep 2026 · Cash US$7.54m at 30 June 2026
- Cash
- USD7,543,612 at 30 June 2026, from USD10,555,176 at 31 December 2025
- Forecast
- Insufficient liquidity to end of going concern period, March 2027
- Funding need
- Raise funds in Q1 2027 for working capital
- Dependency
- Financial Close and additional funds until production starts
What comes next
raise funds in Q1 2027 for working capital.
From the company's own announcements. Not investment advice.
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Takeover targetPossible offer – approach
Project milestonesKola Potash financing and early works – Ministry of Finance to hold; legal process begun
Sale process / strategic reviewFormal sale process – Two parties engaged; no price or offer
Kore Potash – company page →