An update from Aguia Resources Limited ( (AU:AGR) ) is now available.
Aguia Resources Limited has signed a 10-year lease agreement with Dagoberto Barcelos S.A. to process phosphate at an existing facility in Caçapava do Sul, Brazil. This strategic move allows Aguia to commence phosphate production by Q3 2025, with potential expansion by early 2026, tapping into the Brazilian market that currently relies heavily on imports. The agreement positions Aguia to secure a significant market share in southern Brazil, promising a new revenue stream alongside their ongoing gold operations in Colombia.
More about Aguia Resources Limited
Aguia Resources Limited is a company focused on the mining and processing of phosphate and other minerals. Its primary operations are in Brazil and Colombia, with a particular emphasis on phosphate production in Brazil’s agriculture-centric Rio Grande do Sul region. The company aims to reduce Brazil’s dependency on phosphate imports by providing a locally sourced alternative.
YTD Price Performance: 41.18%
Average Trading Volume: 34,540
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €28.14M
See more data about AGR stock on TipRanks’ Stock Analysis page.