Emmerson PLC (AIM:EML), which is developing the world-class Khemisset Potash Project in Morocco, has added a leading European bank as a mandated lead arranger of dual-tranche debt financing facilities for the development of the project for a further 12 months until 31 December 2024.
“The syndicate of international and Moroccan banks that we appointed as MLAs earlier in 2023 have remained fully supportive of Emmerson as we have continued our efforts towards securing the environmental approval which will allow us to move forwards with the project,” said chief executive Graham Clarke.