London-based Kore Potash Plc, which is involved in the development of the Kola and DX Potash Projects in the Republic of Congo, on Oct. 31 announced the resignation of Brad Sampson as CEO. He has held the position since May 2018 and will continue in the job through November 2023. He resigned his position as Director, effectively immediately. Sampson is leaving to pursue other business interests.
The company does not intend to appoint a new CEO until after the receipt of the financing proposal for the construction of the Kola Potash Project. Chairman David Hathorn will assume the role of CEO in the interim.
“The Board and Management team of Kore Potash would like to thank Brad for his leadership and valuable contribution to the company over the last five years,” said Hathorn. “We wish Brad every success in the future.”
The company added that the process to reach agreement on Engineering, Procurement, and Construction contract terms, and to receive a financing proposal for the full construction cost of the Kola Potash Project, is now near completion and is expected to be finalized during first-quarter 2024, with construction contractors scheduled to be mobilized during first-half 2024.