Fertoz Ltd. (AU:FTZ) has released an update.
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Fertoz Ltd. has reported a significant reduction in Q1 2024 spending by $774,000 and a substantial increase in sales to 1,450 tonnes, reflecting strategic cost-saving measures and growth in the sustainable fertilizer market. The company anticipates further positive financial results in Q2, backed by new sales initiatives in Mexico and progress in mine permitting in Canada. Despite a delay in reforestation projects in the Philippines, Fertoz is actively discussing funding with local investors to comply with foreign investment laws.
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