Minbos Resources Limited (AU:MNB) 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
Minbos Resources Limited has entered a non-binding Memorandum of Understanding with South African-based Foskor Pty Ltd to assess the commercial viability of Minbos’ phosphate rock through bulk sample testing and trials. Successful trials may lead to an offtake agreement, coinciding with the on-schedule construction of the Porto do Caio deepwater port, expected to boost Minbos’ export capabilities by 2026. The collaboration potentially enhances Minbos’ expansion plans, leveraging Foskor’s existing fertilizer plant operations.
For further insights into AU:MNB stock, check out TipRanks’ Stock Analysis page.