Fertoz Ltd. (AU:FTZ) has released an update.
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Fertoz Ltd. has successfully raised $1.225 million through a share placement, attracting more funds than initially targeted, to boost the development of its phosphate projects in Canada. The company is exploring the potential of its high-grade, low-impurity rock phosphate deposits for both the Canadian agricultural market and the growing lithium iron phosphate battery sector. The funds will be allocated to mining operations, project maintenance, and general working capital.
For further insights into AU:FTZ stock, check out TipRanks’ Stock Analysis page.
