Aguia Resources Secures A$4 Million Loan for Brazilian Phosphate Project

Aguia Resources Limited ( (AU:AGR) ) has issued an update.

Aguia Resources Limited has secured a A$4 million loan from Brazil’s Southern Development Bank to fund the development of the Tres Estradas mine and Pampafos processing facility. This financing will enable Aguia to commence mining operations and upgrade the processing plant, with plans to increase production to 300,000 tonnes per annum by the end of 2026. The loan reflects strong governmental and social support for the project, positioning Aguia to reduce Rio Grande do Sul’s reliance on imported phosphate and offering a cost-effective alternative to building a new production facility.

More about Aguia Resources Limited

Aguia Resources Limited is an ASX-listed multi-commodity company with pre-production phosphate projects in Rio Grande do Sul, Brazil, and gold projects in Bolivar, Colombia. The company has experienced in-country teams in Porto Alegre, Brazil, and Medellin, Colombia, and has expanded its asset base with the acquisition of Andean Mining, adding gold, silver, and copper projects.

YTD Price Performance: 18.18%

Average Trading Volume: 1,712,066

Technical Sentiment Signal: Hold

Current Market Cap: A$56.99M

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