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On 11 June 2025, OWI-RAMS GMBH, a joint venture that includes Record Asset Management GmbH (a subsidiary of Record plc), signed non-binding term sheets with Kore Potash plc. These term sheets are for availing approximately US$2.2 billion in funding for the Kola Potash Project.
| Date | 11 Jun 2025 |
| Time | 07:00:11 |
| Category | Miscellaneous |
| ID | 2787M |
11 June 2025
Record plc
Non-Binding Term Sheets for US$2.2 billion signed
OWI-RAMS GMBH ("OWI-RAMS"), a joint venture between One World Impact Partners and Record Asset Management GmbH, a subsidiary of Record plc, is pleased to announce that it has signed non-binding term sheets ("Term Sheets") with Kore Potash plc ("Kore Potash") (AIM: KP2, ASX: KP2, JSE: KP2, A2X: KP2) for availing the total funding requirement of approximately US$2.2bn for the Kola Potash Project ("Kola Project"), contributing to global food security and stimulating economic growth for the Republic of Congo ("RoC").
OWI-RAMS deploys a bespoke investment strategy focused on advancing global food security and accelerating the energy transition through strategic investments in food system enablers and next-generation critical energy infrastructure. Its strategy includes providing capital solutions across the risk spectrum, from equity and structured loan offerings to bespoke senior and whole-loan facilities for sponsors and operating companies.
Kore Potash is the potash development company with 97% ownership of the Kola Project and Dougou Extension Potash Project in the Sintoukola Basin, located in the RoC.
For further information, please refer to the Kore Potash announcement here.
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For further information, please contact:
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Record plc Dr Jan Witte, Chief Executive Officer Richard Heading, Chief Financial Officer
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Tel: +44 (0) 20 3892 1300
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Panmure Liberum Atholl Tweedie David Watkins |
Tel: +44 (0)20 7886 2500
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