Minbos Resources gains on receiving second tranche of construction funds

Minbos Resources

07/03/2025 24:34

** Shares of Australia's Minbos Resources MNB.AX rise as much as 9.1% to A$0.048, their highest level since February 14

** Stock has gained 4.8% so far in the week as of 0028 GMT, on track to snap its two straight weeks of losses

** Fertilizer distributor receives $2.43 million as second tranche of funding from Fundo Soberano de Angola (FSDEA)

** Funding to help continue construction of Cabinda Phosphate Fertilizer project in Angola

** Stock has risen 9.1% this year, as of 0028 GMT

 (Reporting by Roshan Thomas in Bengaluru)

 ((Roshan.Thomas@thomsonreuters.com))