Latest Phosphate Projects News

Avenira Ltd (ASX:AEV) is raising nearly $49 million through a heavily discounted three-for-two renounceable rights issue to finance the transition of its Wonarah Phosphate Project from development to production.

Minbos Resources has expanded its capital raise to A$6 million, reflecting robust investor appetite to support the Cabinda Phosphate Project’s critical development phase.

Minbos Resources has appointed a new CEO, secured key funding tranches, and progressed construction at its flagship Cabinda Phosphate Project, targeting plant inauguration by December 2026.

Canadian Phosphate Limited has completed its acquisition of the Diamond Mountain Phosphate Project in Utah, adding a significant 49.9 million tonne phosphate resource to its portfolio. The company plans extensive exploration to validate and upgrade the resource to JORC standards, positioning itself for growth in North American fertiliser and battery markets.

PhosCo Ltd has expanded its Gasaat phosphate resource to 166.6 million tonnes at 20.6% P2O5, unveiled new discoveries, and achieved a metallurgical breakthrough that simplifies processing, positioning the project for a Bankable Feasibility Study in late 2026.

Canadian Phosphate has secured a five-year exploration permit for its Wapiti Phosphate Project and commenced a 3,000m drilling campaign, while progressing the pending acquisition of the Diamond Mountain Project in Utah. A $5.2 million capital raise positions the company to accelerate its North American phosphate ambitions.

Canadian Phosphate (ASX: CP8) has kicked off a 3,000-metre drilling campaign at its Wapiti Phosphate Project in British Columbia, aiming for a Mineral Resource Estimate by late 2026 that will support both traditional fertilizer and advanced battery material markets.

Aguia Resources has completed a $3 million placement at a 10.5% discount, targeting expansion of its phosphate and gold operations in Brazil and Colombia.

Minbos Resources has secured A$4 million in a discounted placement to fund key milestones at its Cabinda Phosphate Project, including mining commencement and plant construction progress.

RareX Limited’s latest metallurgical program at Cummins Range delivers a breakthrough 9.5x upgrade in rare earth concentrate grade and confirms a viable gallium by-product extraction pathway, setting the stage for integrated multi-element processing.

Canadian Phosphate (ASX: CP8) secured $5.2 million through a rights issue and follow-on placement, positioning itself to accelerate exploration and development across key projects in Canada and the US.

PhosCo Ltd has received A$1.1 million from the European Bank for Reconstruction and Development and an additional A$0.6 million from early option exercises, strengthening its cash position ahead of a pivotal updated scoping study for its Gasaat Phosphate Project.