Minbos Resources Limited (AU:MNB) has released an update.
Minbos Resources Limited is advancing towards securing funding for its Cabinda Phosphate Fertilizer Project, with progress on a $14 million loan facility, equity funding discussions with the Angolan Sovereign Fund, and an alternative emerging market fund. The company is also negotiating a $10 million term loan with Banco BAI and finalizing an offtake agreement with Grupo Carrinho, positioning itself for immediate project expansion. These developments reflect significant strides in due diligence, project securitization, and potential partnerships, including a MOU with Foskor Pty Ltd.
For further insights into AU:MNB stock, check out TipRanks’ Stock Analysis page.
