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Minbos Resources Limited ( (AU:MNB) ) just unveiled an announcement.
Minbos Resources Limited has made significant progress in the construction of its Cabinda Phosphate Project, with major foundations being completed at the Subantando Fertilizer Factory Site. The company received a substantial investment from the Sovereign Fund of Angola, totaling US$2.43 million, with an additional US$1.17 million received recently, which will aid in ongoing construction efforts. Minbos is also planning to expand its customer base and explore further funding opportunities with international financial institutions. As of the end of March 2025, Minbos holds AU$12.5 million in cash reserves, with no debt, positioning it well financially to continue its project developments.
More about Minbos Resources Limited
Minbos Resources Limited is a company operating in the mining industry, primarily focusing on the development of phosphate projects. Its main project is the Cabinda Phosphate Project, which aims to produce phosphate fertilizers, a crucial component in agriculture, thereby targeting the agricultural sector.
YTD Price Performance: -33.33%
Average Trading Volume: 650,228
Technical Sentiment Signal: Buy
Current Market Cap: A$39M
See more data about MNB stock on TipRanks’ Stock Analysis page.