Agrimin Limited (AU:AMN) has released an update.
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Agrimin Limited reported progress in their Mackay Potash Project, advancing with successful flotation testwork and an Environmental Impact Assessment for the quarter ending June 2024. The company, aiming to become a leading supplier of eco-friendly Sulphate of Potash (SOP) fertiliser, also experienced a shortfall in their Share Purchase Plan but maintained a healthy cash balance and a high current market value of their investments. With strong SOP market prices, Agrimin is positioned to contribute significantly to global food security and support Australian agriculture by reducing reliance on imports.
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