Latest Fertiliser News

Mosaic has swung to a third-quarter loss as production curtailments, weak volumes and sharply higher sulfur costs overwhelmed stronger fertiliser prices. The company is cutting capital spending, extending debt maturities and betting that cheaper sulfur will begin to help in early 2027.

Minbos Resources has extracted its first phosphate rock from the Cacata deposit in Angola, stockpiling material ahead of November rains and planned Subantando plant commissioning in Q2 2027. The milestone marks operational progress, although assay results, commercial approvals and tenement formalisation remain outstanding.

Reward Minerals has completed its maiden drilling program at the Jackpot gold-copper prospect, but the more immediate investor issue is funding: the company held $262,000 in cash at 30 September, equivalent to 0.43 quarters of reported outgoings. Reward says it intends to pursue a placement or entitlement issue while awaiting assay results and continuing Beyondie partnership talks.

RLF AgTech improved margins and cut its quarterly loss sharply, even as revenue fell 18%. The more pressing issue is cash: operating outflow more than doubled to $3.6 million, leaving the fertiliser group with an estimated 1.8 quarters of funding.

Canadian Phosphate has completed 18 Wapiti drill holes and visually traced its phosphate Main Zone across approximately 9km, although laboratory assays are still pending. The company has also completed its Utah acquisition, reported stronger rock phosphate orders and ended September with $3.144 million in cash.

Minbos Resources spent A$4.7 million on plant and equipment as construction advanced at its Cabinda phosphate project in Angola. The company also completed a post-quarter A$6 million placement, but BFA funding and approvals remain key dependencies for its Q2 2027 commissioning target.

Minbos Resources has lodged a prospectus for 461.1 million listed options linked to its A$6 million placement, without raising fresh cash through the offer itself. The options could provide A$18.44 million if fully exercised, but the filing also flags going-concern uncertainty and further funding needs for the Cabinda phosphate project.

Delorean Corporation has secured a non-binding $20 million financing mandate from Westpac for its NSW1 Horsley Park bioenergy project, taking identified funding to about 81% of the estimated build cost. The project still needs binding finance documents and a further $11.6 million before financial close can be reached.

PGG Wrightson expects FY27 Operating EBITDA of approximately NZ$70 million, up from NZ$64.3 million in FY26, after an encouraging first quarter. The forecast rests on supportive commodity prices and farmer confidence, but remains exposed to input costs, weather and a planned reassessment after the second quarter.

PhosCo has extended mineralisation at its DOH prospect and made a new phosphate discovery at Sekarna North in Tunisia. The results are encouraging, but assays remain pending and the reported widths are reconnaissance-stage intersections rather than resource estimates.

Ridley Corporation’s first full reporting year with the Incitec Pivot Fertilisers distribution business produced a sharp lift in underlying earnings and cash flow, despite a steep fall in statutory profit after a $31.8 million NovaqPro impairment. Management expects earnings growth across all three segments in FY27, but the enlarged group now carries significantly more debt and integration work.

Jindalee Lithium has advanced its proposed US Elemental Nasdaq listing and prepared to launch major drilling at McDermitt, but its audited FY26 accounts flag a material uncertainty over ongoing funding. The company ended June with A$13.6 million in cash after raising about A$20.4 million, while reporting a A$7.2 million loss and no operating revenue.