Centrex Limited Secures $2M Government Grant

Centrex Limited (AU:CXM) has released an update.

Centrex Limited has announced the conditional approval of a $2M grant from the Queensland Government for its Ardmore Rock Phosphate Mine, aimed at bolstering economic growth and employment in the Mount Isa region. The grant, part of the Mount Isa Transition Fund, is set to assist the capital expenditure of the mine’s Stage 1.5 Expansion. The company is optimistic about meeting the necessary conditions and executing the required documentation to secure the grant.

For further insights into AU:CXM stock, check out TipRanks’ Stock Analysis page.