UK-based Keras Resources plc reported on May 18 that it is now fully-focused on its North American business, targeting the organic fertilizer market through Diamond Creek, the company’s organic phosphate rock mine in Utah, which is wholly-owned through Falcon Isle Resources LLC (GM Oct. 21, 2022). This comes after Keras agreed to award its manganese exploitation permit to a Togolese state-owned company for US$1.7 million along with ongoing cashflows associated with future production.
Keras said it will use the proceeds from the Togo agreement to advance the Diamond Creek business. It said it is now fully funded to fast track the start and exploration program to prove up a NI 43-101 complaint mineral resource; convert the current mining permit to a large-scale permit; complete the build of the granular plant; and research the development of liquid organic products from existing product streams to access markets not already served.