Minbos Resources Limited (AU:MNB) has released an update.
Minbos Resources Limited has secured a $10 million investment from the Angolan Sovereign Wealth Fund to fully fund the Phase-1 construction of its Cabinda Phosphate Project. This strategic move enhances Minbos’s position in the agricultural sector in Angola, while allowing existing shareholders to retain their interests. The funding will initiate key construction activities, including earthworks and infrastructure development, aimed at boosting local agricultural productivity.
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