Aguia Resources Secures Funding for Brazil Project

MT Newswires Live10-14

Aguia Resources (ASX:AGR) said an agreement was executed between its Brazilian unit, Aguia Fertilizantes, and the Regional Development Bank of the Far South for the opening of a credit line in the amount of 7.26 million Brazilian real, according to a Tuesday Australian bourse filing.

The loan will be issued in three tranches over the coming months for purchasing Brazilian-made equipment and civil works, with an interest rate of 4.91% plus the Selic benchmark interest rate, with a term of 10 years.

A 6 million Brazilian Real amount is intended for the refurbishment of the DB processing plant and the opening of the Tres Estradas phosphate mine.

It executed three letters of intent with customers to purchase a total of 15,000 tonnes of phosphorus pentoxide in 2026.

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