This funding, with existing commitments from a dedicated long-term shareholder and new investors, including Manitoba-based farmers, will allow the company to complete the final phase of pressure vessel certification, secure third-party engineering certifications, and move forward with the final step: connecting the system to Manitoba's green grid.
11 950 000 stock options announced at the price of US$0.065 per share and are exercisable for a period of 5 years.
The company's president and CEO for the past 7 years, is expected to leave the company in early 2025, following both the appointment of a replacement and a formal transition.
The fundraising was led by Shard Capital Partners LLP (Shard). The net proceeds of the fundraising will primarily support the company as it looks at its various options with respect to the dispute with the Moroccan Government.
The company and Banco Angolano de Investimentos, S.A. (Banco BAI), Angola’s largest commercial bank, signed a final term sheet in relation to a US$12 million term loan.
The catalyst is performing successfully at Sichuan Lutianhua's nitric acid plant and is projected to reduce annual emissions by 275 000 of CO2e.
The project would produce an annual average of 900 000 t of beneficiated phosphate concentrate at 40% P2O5 content and 380 000 t of magnetite at 92% Fe2O3 content over a 23-year mine life.
Minbos Resources reports that initial site reconnaissance underway with mobilisation to site this month.
This transformative US$2 billion fertilizer plant project reflects the commitment of OPAIA Group to the Southern African country’s industrial and agricultural development.
New director brings agriculture and fertilizer experience to the AgTech company, Pivot Bio.
This strategic partnership marks a significant step in Vortex Global’s mission to expand its reach and offer cutting-edge solutions tailored to meet the unique needs of customers across Africa.
In this role, he will lead the company’s strategic focus on decarbonisation and clean energy in the form of low-carbon ammonia and low-carbon nitrogen products.
Crutchfield brings more than 30 years of global mining and transformational leadership experience.
The company’s rebuild services offer support in restoring rotary drums to their original condition, and now, customers have the opportunity to incorporate performance-enhancing upgrades during the rebuild process.
In addition, First Phosphate selected Ballestra S.pA. of Milan, Italy, from a group of official permanent licensees from Prayon, to ensure the service agreement (AS) for the portion of engineering services (FEED and EPC/EPCM) of the project.