Media Coverage: Daily Company News - Shares Of Chatham Rock Phosphate Trading At Much Higher Levels In Canada And Germany
/Letter from Chris Castle, CEO Of Chatham Rock Phosphate Limited:
The Directors of Chatham Rock Phosphate note that our shares have been trading around 15-16 cents in NZ, but are trading at higher prices in our two overseas market listings.
In Canada on the TSX.V they traded today in a range of CAD 21-24 cents with total reported volume of 423,800 shares . CAD 24 cents is the equivalent of NZD 28.2 cents.
In Germany on the Frankfurt Bourse they are trading at 0.176 Euros, the equivalent of 25.3 NZD cents.
We confirm that all three markets are fully and equally informed except that New Zealand investors might not be aware of the stronger investor interest offshore.
It appears that overseas investors have been quicker to gain an understanding of the transformation that Chatham has achieved during the last twelve months.
We are no longer a single project company needing to overcome a permitting hurdle in order to put the Chatham Rise project into production, the group now encompasses a rapidly expanding group of onshore phosphate and rare earths projects in French Polynesia and Australia which are much closer to generating operating cash flows. We expect to generate operating revenues from Korella in calendar 2022.
Written by:
Chris Castle
Chief Executive Officer
Chatham Rock Phosphate Limited
Cell: +64 21 558 185
Media Coverage: Superbcrew - Higher phosphate prices and early sales underscore Chatham transformation
/Over the past year Chatham Rock Phosphate Limited (TSXV: “NZP” and NZX: “Chatham” or the “Company”) has transformed from a single project company facing an uncertain and expensive permitting hurdle to a rapidly expanding group of projects much closer to generating operating cash flows with prospects further boosted by phosphate prices at 10-year highs.
The acquisition of Avenir Makatea was the first step in the Company’s strategy to build an international phosphate mining and trading house with a focus on low cadmium, organic phosphate.
The Makatea Project in French Polynesia is planned to produce 250,000 tpa with an expected start date of 2024.
Media Coverage: Superbcrew - Chatham Applies For Korella South Phosphate And Rare Earths Exploration Permit
/Chatham Rock Phosphate Limited (TSXV: “NZP” and NZX: “Chatham” or the “Company”) has this week made another stunning advance.
Shareholders will recall that in October 2021 we announced the acquisition of the Korella phosphate and rare earths mining lease and assets based in Queensland.
Yesterday we were advised that our application for an area of 196 square kilometres south of Korella has been accepted by the Queensland Department of Resources. The area covered by EPMA 28187 (Korella South) is approximately 12 times the size of the Korella mining permit that we are presently acquiring. Chatham’s wholly-owned Australian subsidiary Avenir Makatea Pty Ltd made the application.
+64 21 5581985
chris@crpl.co.nz
PhosphateKing