BCI Minerals Ltd (AU:BCI) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
BCI Minerals Ltd has marked significant progress in the September 2024 quarter by commencing salt production operations at its Mardie Project, backed by financial closure on its $981 million project finance facilities. The company has also signed a strategic agreement with China’s Befar Group for salt supply and received an initial $26 million from the sale of its Iron Valley assets. With construction over 50% complete, BCI is on track to ship its first salt by Q2 FY27.
For further insights into AU:BCI stock, check out TipRanks’ Stock Analysis page.