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
