The latest announcement is out from Aguia Resources Limited ( (AU:AGR) ).
Aguia Resources Limited has entered into a 10-year lease agreement with Dagoberto Barcelos S.A. to utilize its fertilizer processing facility in Brazil, aiming to begin processing phosphate ore by Q3 2025. This strategic move positions Aguia to supply the Brazilian market, which currently relies entirely on imports, potentially reducing costs and creating a significant market presence in southern Brazil’s key agricultural region.
More about Aguia Resources Limited
Aguia Resources Limited is an Australian company focused on the exploration and development of resource projects, primarily in the fertilizer sector. The company is engaged in phosphate mining and processing, with operations in Brazil targeting the agricultural industry, which is heavily reliant on imported phosphates.
YTD Price Performance: 41.18%
Average Trading Volume: 34,540
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €28.14M
Learn more about AGR stock on TipRanks’ Stock Analysis page.