Keras Resources PLC on Friday gave an update on the construction of the granulator plant under the joint venture between its subsidiary Falcon Isle Resources Corp, and Phosul LLC.
The Surrey, England-based mine developer focused on West Africa and the US said that the entire granulator plant in Delta, Utah is now located at the Delta facility with the high-pressure grinding rolls mill expected to arrive during next month.
Keras Chief Executive Officer Graham Stacey said: ‘The acquisition of the Delta Facility and signature of the Phosul JV has been a key inflection point in our strategy to becoming the premier producer of organic phosphate-based fertilisers in the USA. Our JV partner, Phosul, brings significant experience in the marketing, formulation and field demonstration of the Phosul product, and construction of the integrated JV granulator plant at our Delta Facility is a very exciting time for Keras and our US subsidiary, Falcon Isle Resources. ’
Keras Resources shares rose 4.6% to 3.45 pence each on Friday morning in London.
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