August 11, 2022 |
Sydney-listed mining company Aguia Resources could raise another BRL36 million ($7.08 million) in debt and equity to finance construction of a phosphate plant in southern Brazil, managing director Fernando Tallarico told LatinFinance on Wednesday.
The company previously raised BRL80 million when it sold shares on the Australian Securities Exchange (ASX). It also secured a BRL15 million loan from regional development bank Banco Regional de Desenvolvimento do Extremo Sul (BRDE) in June last year
Sydney-listed mining company plans to issue more shares and borrow again from BRDE for the Três Estradas project in Rio Grande do Sul