Emmerson PLC

EML

IM00BDHDTX83

Agricultural Chemicals

Delayed London S.E. Other stock markets 06:28:46 2024-07-05 am EDT			5-day change	1st Jan Change
1.78 ^GBX	+11.25%		+7.88%	-1.11%

12:16pm	Emmerson says updated assessment under review by CRUI	AN
11:02am	AIM WINNERS & LOSERS: PipeHawk falls on "severe" financial pressure	AN

Emmerson says updated assessment under review by CRUI

July 05, 2024 at 06:16 am EDT

Emmerson PLC - Morocco-focused resource development company - provides an update on activities from its 100% owned Khemisset Potash project in northern Morocco during the second quarter of 2024. Says updated environmental & social impact assessment is currently under review by Morocco's Unified Regional Investment Commission, known as CRUI. Chief Executive Graham Clarke says: "Following the positive news at the end of Q1 that our recourse application for the environmental approval had been upheld and would be referred back to the CRUI for reconsideration, we were delighted to update our ESIA to show the significant improvements brought about by the KMP optimisations in addition to the previous design optimisations. The overall environmental credentials of the project are now even more robust, and, together with the compelling economics of the KMP update, should mean that we can obtain the necessary approvals and move forward with the project swiftly."

Current stock price: 1.60 pence per share

12-month change: down 56%

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Latest news about Emmerson PLC

Emmerson says updated assessment under review by CRUI	06:16am	AN
AIM WINNERS & LOSERS: PipeHawk falls on "severe" financial pressure	05:02am	AN
Emmerson annual loss narrows slightly as eyes approval in Morocco	May. 24	AN
Emmerson PLC Reports Earnings Results for the Full Year Ended December 31, 2023	May. 24	CI
Emmerson raises GBP240,000 in oversubscribed retail offer	Apr. 08	AN
Emmerson Raises $2.2 Million via Equity Placing, Launches Retail Offer	Apr. 08	MT
Emmerson down on discounted fundraise as resubmits Khemisset EIA	Apr. 08	AN
Emmerson says Morocco government committee supports potash project	Mar. 11	AN
EARNINGS AND TRADING: Tandem FY sales down 17%; Hikma's opioid deal	Feb. 01	AN
Emmerson Completes Scoping Study on New Processing Route at Moroccan Potash Project	Feb. 01	MT
Emmerson plc Announces the Results of an In-Depth Scoping Study on A New, Innovative Processing Route At Its 100% Owned Khemisset Potash Project	Feb. 01	CI
Emmerson shares down as wait continues for environmental approval	Jan. 08	AN
EARNINGS: tinyBuild vows need to adapt as swings to loss; Yu profit up	23-09-26	AN
Emmerson PLC Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-26	CI
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Emmerson Khemisset project unaffected by Marrakesh quake	23-09-11	AN
AIM WINNERS & LOSERS: i(x) Net Zero surges as BP invests in WasteFuel	23-07-06	AN
Emmerson shares tumble as still seeks Morocco potash project approval	23-07-06	AN
Emmerson widens loss; Khemisset project closer to approval	23-04-13	AN
Earnings Flash (EML.L) EMMERSON Posts FY22 Loss $-0.00	23-04-13	MT
Emmerson PLC Reports Earnings Results for the Full Year Ended December 31, 2022	23-04-13	CI
FTSE 100 Closes Up 0.1% After Liberty Global Takes 4.92% Vodafone Stake	23-02-14	DJ
UK Tight Labor-Market Data Hints Interest Rates Won't Fall in 2023	23-02-14	DJ
Emmerson shares up as puts together lending syndicate	23-02-14	AN
Emmerson Appoints Lead Arrangers for $310 Million Moroccan Potash Project Financing	23-02-14	MT

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Company Profile

Emmerson Plc is an Isle of Man-based potash development company. The Company is engaged in the development of the Khemisset Potash Project in Northern Morocco. Its Khemisset Potash Project has a JORC Resource Estimate of over 537 million tons at 9.24% potassium oxide and exploration potential with an accelerated development pathway. Khemisset is located to benefit from the expected demand for NPK fertilizers on the African Continent. Its project is located approximately 90 kilometers from Rabat. It is located close to the regional town of Khemisset and benefits from infrastructure including a network of toll roads and an electricity distribution grid and a supportive local government.

Sector

Agricultural Chemicals

Calendar

2024-09-24 - Q2 2024 Earnings Release (Projected)

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.016 GBP

Average target price

0.178 GBP

Spread / Average Target

+1,012.50%

Consensus

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Other Agricultural Chemicals

Emmerson PLC

Equities

EML

IM00BDHDTX83

Agricultural Chemicals

Emmerson says updated assessment under review by CRUI

Latest news about Emmerson PLC

Chart Emmerson PLC

Company Profile

Income Statement Evolution

Analysts' Consensus

Sector Other Agricultural Chemicals