Australia

Fertoz progresses North American organic fertilizer distribution with new partnerships

Fertoz Limited (ASX:FTZ) continues to progress partnerships for organic fertilizer distribution in North America and has signed a distribution agreement with South Dakota-based Soil Works LLC.

The company has also renewed its partnership with a Krezco organic phosphate rock producer based in Mexico and has secured first sales of Krezco phosphate rock into Texas.

Fertoz has now established multiple distribution points across key agricultural provinces in Canada as well as states in the USA with additional distribution and sales agreements in the pipeline.

Three pillared growth strategy
Executive chairman Patrick Avery said: “We are pleased to update shareholders with recent progress on additional distribution and supply agreements.

Fertoz Limited (ASX:FTZ) continues to progress partnerships for organic fertilizer distribution in North America and has signed a distribution agreement with South Dakota-based Soil Works LLC.

The company has also renewed its partnership with a Krezco organic phosphate rock producer based in Mexico and has secured first sales of Krezco phosphate rock into Texas.

Fertoz has now established multiple distribution points across key agricultural provinces in Canada as well as states in the USA with additional distribution and sales agreements in the pipeline.

Three pillared growth strategy

Executive chairman Patrick Avery said: “We are pleased to update shareholders with recent progress on additional distribution and supply agreements.

“Our growth strategy has three key pillars – sell our organic fertilizer products direct to farmers to generate word-of-mouth advertising and referrals and secure field trials; sell via major distribution partners; and sell our products to third-party fertilizer manufacturers who want to develop additional organic product blends or who are not happy with their current phosphate supplier.

“Each of these takes time but to date, we have executed on all three elements of our strategy”

USA strategy

Avery said: “We are working steadily to extend our reach in the Pacific North West, the key farming areas in western Canada, and the western United States.

“Our goal is to keep moving south along the western US states to establish distributors and partnerships in the largest organic producing state in the USA – California.

“We already have some exposure there, but we are keen to become a major player in the organic fertilizer market in California.

“We are also pleased to advise of the first sale of the Krezco organic rock phosphate we source from Mexico.

“A Texas-based organic farmer has acquired 20 tRead More – Source

Australia

European Metals inks deal with CEZ for 51% of Cinovec

European Metals Holdings Ltd (LON:EMH) shares advanced in Thursdays early deals as it confirmed an agreement that sees state-owned CEZ receive the option to invest €34.06mln and take a 51% stake in the companys Czech subsidiary Geomet.

The Czech unit holds the Cinovec asset which is described as a “globally significant lithium project”, as it is presently the largest known lithium resource in Europe.

CEZ has exclusivity during the option period and the completion of the proposed investment is contingent upon due diligence, approval at AGM/EGM, agreement over future work programmes and budgets along with agreement over a new management team (including a chief executive and chief operating officer for Geomet).

READ: European Metals agrees terms for sale of majority of Cinovec[hhmc]
In a document sent to its shareholders, European Metals said: “The company considers that CEZ group is an ideal strategic and financial partner for the Cinovec project.

“In addition to CEZ's financial..

The Czech unit holds the Cinovec asset which is described as a “globally significant lithium project”, as it is presently the largest known lithium resource in Europe.

READ: European Metals agrees terms for sale of majority of Cinovec[hhmc]

In a document sent to its shareholders, European Metals said: “The company considers that CEZ group is an ideal strategic and financial partner for the Cinovec project.

“In addition to CEZ's financial strength, the Board believes that CEZ provides strong strategic relationships within the Czech Republic, the European Union and abroad.

“CEZ is a leader in power generaRead More – Source

Australia

Argosy Minerals plans first trial lithium carbonate shipment in early 2020

Argosy Minerals Limited (ASX:AGY) is scheduling a preliminary trial cargo of about 5 tonnes of high-quality lithium carbonate produced from its industrial-scale pilot plant operations in Argentina for shipment early next year.

This trial cargo will deliver into the sales agreement for product from the Rincon Lithium Project which was executed in March 2019.

High-quality product
It comes as the company is achieving consistent high-quality lithium carbonate product from the pilot plant at the project, with results reaching up to 99.8% lithium carbonate content.

This content also has very low impurity levels, including no detected iron or other magnetic materials based on regular sample lot testing using the companys on-site laboratory.

“Excited” at pending shipment
Argosy managing director Jerko Zuvela said, “We are excited at the pending maiden shipment of high-quality lithium carbonate produced from our Rincon Lithium Project and confirming our status as the first LCE producer from..

This trial cargo will deliver into the sales agreement for product from the Rincon Lithium Project which was executed in March 2019.

High-quality product

It comes as the company is achieving consistent high-quality lithium carbonate product from the pilot plant at the project, with results reaching up to 99.8% lithium carbonate content.

This content also has very low impurity levels, including no detected iron or other magnetic materials based on regular sample lot testing using the companys on-site laboratory.

“Excited” at pending shipment

Argosy managing director Jerko Zuvela said, “We are excited at the pending maiden shipment of high-quality lithium carbonate produced from our Rincon Lithium Project and confirming our status as the first LCE producer from Salta Province in Argentina.

“It is another strong endorsement for Argosy, the Rincon Lithium Project and our fast-track development strategy toward commercial LCE production.”

The quality of the upcoming trial cargo is expected to exceed the specifications/Certificate of Analysis set out in the sales agreement.

Pre-shipment samples will be provided prior to full delivery for confirmation purposes.

Sales price formula

The sales price for each cargo will be determinedRead More – Source

Australia

9 Spokes confirms Bank of America platform is live

9 Spokes International Ltd (ASX:9SP) has confirmed the Bank of America platform is live and available to small business customers.

The Bank of America platform, which is powered by 9 Spokes leverages the latest architectural approaches enabling an accelerated and sustained roll-out of new apps and features.

It responds to bank partners and their SB customers evolving needs by harnessing data from connected business apps and provides richer context on how their business is performing.

The platform is set to roll out in stages across the US.

Background
9 Spokes is a business tracking and insights tool that enables small to medium businesses to harnRead More – Source

9 Spokes International Ltd (ASX:9SP) has confirmed the Bank of America platform is live and available to small business customers.

The Bank of America platform, which is powered by 9 Spokes leverages the latest architectural approaches enabling an accelerated and sustained roll-out of new apps and features.

It responds to bank partners and their SB customers evolving needs by harnessing data from connected business apps and provides richer context on how their business is performing.

The platform is set to roll out in stages across the US.