Fertoz Ltd has raised AU$1.225 million to accelerate phosphate development.

Fertoz Ltd (ASX: FTZ) secured AU$1.225 million through a Share Placement with sophisticated and professional investors, surpassing the initial target of AU$1.0 million.

The company is actively exploring the potential of its high-grade, low-impurity rock phosphate assets for use in the Canadian agricultural market and the promising lithium iron phosphate battery market. It is at the forefront of innovation with plans to conduct crucial tests on existing Wapiti rock phosphate core samples to assess their suitability for integration into LFP cathode material for electric vehicles and LFP storage batteries. The funds raised through the placement will be instrumental in advancing its mining operations at the Fernie deposits in British Columbia, Canada, and fortifying its general working capital.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com