Latest Phosphate News

Clean TeQ Water Limited reported strong operational progress in Q3 FY25, advancing key projects like PHOSPHIX and Heathgate uranium plant commissioning, while improving cash receipts and securing major contracts.

Minbos Resources advances its Cabinda Phosphate Project with significant construction progress and a fresh US$3.6 million funding injection from the Sovereign Fund of Angola, underpinning its strong cash position.

Avenira Limited is advancing its Wonarah Phosphate Project with site mobilisation planned for mid-2025, backed by a $7.567 million capital injection from major shareholder Sichuan Hebang Technology. Operational milestones and regulatory approvals are progressing, positioning the company for first ore shipment in Q4.

Aguia Resources has marked a significant milestone with its maiden gold pour at the Santa Barbara project in Colombia, while advancing underground development and expanding processing capacity. Concurrently, the company secured a long-term phosphate processing lease in Brazil and completed a $1.5 million capital raise.

MRG Metals Limited has achieved a significant milestone with the granting of the Corridor Central mining licence in Mozambique and is progressing exploration and joint venture development, while metallurgical testwork in Zimbabwe signals potential new opportunities.

Firebird Metals has made significant strides in its LMFP battery strategy, finalizing multiple offtake agreements with Chinese manufacturers and securing a mining lease for its Oakover project, positioning itself as a low-cost producer in the growing battery materials market.

Canadian Phosphate Limited reported a steady rise in Q1 sales to $534,000, driven by US demand, with a significant capacity expansion at a key customer set to boost Q2 performance. The company also advances exploration and permitting efforts amid shifting North American phosphate dynamics.

PhosCo Ltd has solidified its position as a global fertiliser contender by securing full ownership of the Gasaat Phosphate Project in Tunisia and initiating a $5 million entitlement offer, while also engaging the EBRD for a potential strategic investment.

Dreadnought Resources has bolstered its exploration and development efforts with over A$13 million in fresh funding, advancing its high-grade Mangaroon gold project and critical minerals assets in Western Australia.

DY6 Metals has revealed significant high-grade gallium mineralisation at its Tundulu Rare Earth and Phosphate project, with assays showing grades up to 310.46 g/t Ga2O3 from surface and at depth. This discovery highlights the project’s potential amid rising gallium demand and supply constraints.

Lithium Universe Limited’s Definitive Feasibility Study confirms the economic viability of its Bécancour Lithium Refinery, projecting robust returns even amid subdued lithium prices. The project aims to produce 18,270 tonnes per year of battery-grade lithium carbonate, leveraging proven Jiangsu technology and a counter-cyclical development strategy.

Lithium Universe Limited has forged a strategic partnership with Polytechnique Montréal to boost lithium processing expertise and education in Canada, aiming to strengthen the local battery materials supply chain and promote sustainable innovation.