Emmerson submits ESIA for Khemisset multi-mineral process
Emmerson NPV
1.78p
10:50 08/07/24
Potash development business Emmerson said on Friday that it has submitted an updated Environmental & Social Impact Assessment for the use of its Khemisset multi-mineral process in Morocco.
FTSE AIM All-Share
775.22
11:15 08/07/24
Nonequity Investment Instruments
0.00
17:17 25/09/06
Emmerson said the ESIA was currently under review by the Commission Régionale Unifiée de l'Investissement and stated it has already made a patent application for its KMP in the country.
The AIM-listed group added that initial crop trials were completed and successfully demonstrated the effectiveness of its KMP products as sources of phosphate.
Chief executive Graham Clarke said: "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. "
As of 1120 BST, Emmerson shares were up 11.75% at 1.79p.
Reporting by Iain Gilbert at Sharecast.com