Aguia Resources (ASX:AGR) secures $3.7M loan to fund Três Estradas

Aguia Resources (AGR) has secured a $3.75 million loan from a Brazillian development bank to fund the construction of the Três Estradas Phosphate Project.

The loan was approved by Banco Regional de Desenvolvimento do Extremo Sul (BRDE). This approval follows a letter of support from BRDE after an extensive review of Três Estradas, which confirmed that the project meets its investment criteria.

The funding means Aguia has enough cash for the $7.3 million construction of the project.

Aguia is featured in an interview from approximately 1.00 minute to 8.00 minutes.

Read the story: https://themarketherald.com.au/aguia-resources-asxagr-secures-3-7m-loan-to-fund-tres-estradas-2021-06-08/