Media Coverage: Superb Crew - Chatham Rock Phosphate announces private placement

/

Chatham Rock Phosphate Limited, “CRP” or “the Company” (TSXV: “NZP”, NZX: “CRP” FSE “3GRE”) wishes to announce that the Company is proceeding with a non-brokered private placement (the “Private Placement“) of up to 30,000,000 units (the “Units“) at a price of CAD $0.13 per Unit (NZ$0.154) for gross proceeds of up to CAD $3,900,000 (NZD $4,620,000).

Each Unit will consist of one common share in the capital of the Company and one (1) transferable share purchase warrant (“Warrant“), transferable subject to applicable securities legislation. Each Warrant will entitle the holder thereof to acquire one common share at a price of CAD $0.45 per share at any time prior to the date that is three (3) years from the date of issuance.

Read the rest of the article on superbcrew.com

Media Coverage: Daily Company News – Advancing Phosphate Fertilizer Projects In Oceania To Production

/

Written by:
Chris Castle, 64 21 55 81 85 or chris@crpl.co.nz
Chief Executive Officet – Chatham Rock Phosphate Ltd
Web: www.rockphosphate.co.nz

Chatham Rock Phosphate Ltd recently announced that this analyst coverage is a significant advance for Chatham:

Chatham Rock Phosphate Limited (TSXV: NZP / NZSE: CRP / FSE: 3GRE) – Advancing Phosphate Fertilizer Projects in Oceania to Production – Resuming Coverage • Fundamental Research Corporation, researchfrc.com

A Near-Term Producer of Fertilizers in an Area Reliant on Imports

  • We are resuming coverage on this company. Since our previous report in 2018, the company has expanded its portfolio by adding two phosphate properties. This company currently holds three phosphate properties.

  • As New Zealand and Australia import most of its phosphate needs from Morocco/Russia/China, there is a strong need for domestic production.

  • This company is aiming to advance the Korella project to production by Q4-2023, and the Makatea project by 2025. Although both projects do not have NI 43-101/JORC resource estimates, historic exploration indicates that both have potential for producing 250,000 tonnes per annum (Ktpa) of phosphate for 10+ years. These projects are also prospective for rare earth elements.

  • Upcoming catalysts include permitting and production at Korella and Makatea.

See the article on dailycompanynews.com