FinTechFunding

Fertoz: Signs 10-year extension agreement at Deerlodge

Fertoz Signs 10-year extension agreement at Deerlodge

  • Fertoz (FTZ) has secured a 10-year contract with Montana Grey Rock to continue its rock phosphate mining operations at Deerlodge, Montana
  • Deerlodge is set to support the growth of the company’s Fertify fertiliser pellets, set to commence production in early 2023
  • The extension follows Ferto z receiving an order for 18,000 tonnes of Fertify and a 10-year offtake deal
  • The company believes these agreements position it to deliver 40,000 tonnes of rock phosphate in 2023, an expected 230 per cent increase compared to 2022 volumes
  • FTZ shares are trading steady at 20 cents at 3:10 pm AEDT
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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