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PhosCo Ltd ( (AU:PHO) ) just unveiled an update.
PhosCo Ltd has achieved significant progress with the approval of its Gassaat Phosphate Project in Tunisia, which is now fully owned by the company. The company has also signed a historic MoU with the Tunisian Government and the European Bank for Reconstruction & Development to collaborate on the development of Tunisia’s Northern Phosphate Basin. With a major drilling program set to commence, PhosCo aims to increase its phosphate inventory and production rate, aligning with the growing global demand for phosphate fertilizer. This strategic advancement positions PhosCo as a potential major global supplier, offering substantial shareholder value and local community benefits.
More about PhosCo Ltd
PhosCo Ltd is an ASX-listed company operating in the phosphate industry, primarily focusing on mining and processing phosphate. The company is strategically positioned in the Mediterranean-Tethyan province, known for hosting a significant portion of the world’s phosphate reserves.
YTD Price Performance: 0.0%
Average Trading Volume: 234,091
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$19.87M
For a thorough assessment of PHO stock, go to TipRanks’ Stock Analysis page.
