Business
Corporate Update
Keras Resources PLC announced a corporate update regarding its cooperation agreement with the Republic of Togo for the Nayéga manganese mine. Mining activities at Nayéga commenced at the end of July 2025, meeting expectations with an initial processing rate of 4,000 tonnes per month of saleable manganese for the first three months, and subsequently aiming for a nameplate capacity of 8,000 tonnes per month. The company has received its first payment following the shipment of an initial 2,700 tonnes of ore in containers on September 5, 2025, as per the cooperation agreement signed in 2023. Disclaimer*
About this update from Keras Resources Plc
Keras Resources plc / Index: AIM / Epic: KRS / Sector: Mining 26 September 2025 Keras Resources plc ('Keras' or the 'Company') Corporate Update Keras Resources plc (AIM: KRS) is pleased to announce an update on the cooperation agreement signed with the Republic of Togo ("State") ("Cooperation Agreement") related to the Nayéga manganese mine ("Nayéga") in northern Togo. Nayéga starting mining activities at the end of July 2025 and is meeting expectations of processing ore at an initial rate of 4,000 tonnes per month of saleable manganese for the first 3 months and thereafter at nameplate capacity of 8,000 tonnes per month of saleable ore. The Company has now received its first payment as per the cooperation agreement signed in 2023 post the shipment of the initial 2,700 tonnes of ore in containers on 5 September 2025. Russell Lamming, Interim Executive Chairman of Keras, commented, "The first payment under the Cooperation Agreement is a significant milestone for both the Company and Nayéga and we now look forward to the continued increase in production with cashflows that will underpin the cashflows from the US operations. I look forward to updating shareholders in the near term on progress on both fronts." The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under Article 7 of the Market Abuse Regulation (EU) No. 596/2014 (as amended) as it forms part of the domestic law of the United Kingdom by virtue of the European Union (Withdrawal) Act 2018 (as amended). Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain. **ENDS** For further information please visit www.kerasplc.com, follow us on Twitter @kerasplc or contact the following: Russell Lamming Keras Resources plc [email protected] Nominated Adviser & Joint Broker Ewan Leggat / Jen Clarke Joint Broker Damon Heath / Erik Woolgar SP Angel Corporate Finance LLP Shard Capital Partners LLP +44 (0) 20 3470 0470 +44 (0) 207 186 9900 Notes: Keras Resources (AIM: KRS) wholly owns the Diamond Creek organic rock phosphate mine in&...
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