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PhosCo Raises $5M to Unlock Value at Gasaat Phosphate Project

10:14am on Wednesday 18th of February, 2026 AEDT Mining
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PhosCo Raises $5M to Unlock Value at Gasaat Phosphate Project

10:14am on Wednesday 18th of February, 2026 AEDT
Key Points
  • Raised $5 million via placement at $0.12 per share
  • Strong demand from institutional and existing investors
  • Pro forma cash balance of $7.3 million including grant funding
  • Funds to support exploration, updated resource estimates, and feasibility studies
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