PhosCo Ltd (AU:PHO) has released an update.
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PhosCo Ltd has announced a successful capital raise of $900,000 from existing investors, including significant contributions from company management and the cornerstone shareholder Lion Selection Group Limited. The funds are set to finance the anticipated new phosphate licenses and high-impact exploration at Tunisia’s Sekarna Phosphate Project, reflecting confidence in the company’s progress and the phosphate market’s growth potential linked to agriculture and electric vehicle industries.
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