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Minbos Resources Limited ( (AU:MNB) ) has shared an update.
Minbos Resources Limited has secured $3.36 million in funding commitments from institutional and sophisticated investors to support its Cabinda Phosphate Project in Angola. This funding, along with a proposed $1 million Share Purchase Plan, positions the company to continue its project development and meet strategic and regulatory obligations. The funding will ensure operational continuity and facilitate the transition into full project execution, with key milestones expected in early 2026. The placement involves issuing new shares and options, with participation from company directors and managed by Alpine Capital Pty Ltd.
More about Minbos Resources Limited
Minbos Resources Limited operates in the resources industry, focusing on the development and management of phosphate projects. The company’s primary project is the Cabinda Phosphate Project in Angola, which aims to produce phosphate fertilizers for agricultural use.
Average Trading Volume: 847,468
Technical Sentiment Signal: Sell
Current Market Cap: A$31.2M
For an in-depth examination of MNB stock, go to TipRanks’ Overview page.