Fertoz (ASX: FTZ) Leverages Canadian Phosphate Assets to Capture Critical Markets

Key Highlights:

- Fertoz possesses some of Canada’s largest high-grade, low-impurity rock phosphate deposits.

- Phosphate's inclusion in Canada’s 2024 Critical Minerals List enhances the strategic value of Fertoz’s projects.

- Company gears up to test its phosphate for use in the booming LFP battery market, targeting the EV sector.

- Significant untapped potential at Wapiti, with only one-third of the strike length explored.

Fertoz Ltd (ASX: FTZ) is rapidly positioning itself as a pivotal player in North America’s critical minerals landscape, leveraging its expansive and high-grade rock phosphate assets in Canada. With the recent addition of phosphate to Canada’s 2024 Critical Minerals List, Fertoz’s strategic importance has surged, particularly with its Wapiti and Fernie projects situated near the agriculturally rich Western Prairies. These assets are poised to meet growing demands in both the agricultural sector and the emerging lithium iron phosphate (LFP) battery market, which is critical for electric vehicles (EVs) and energy storage solutions.

Fertoz’s Managing Director and CEO, Daniel Gleeson, underscored the company’s advantageous position, stating, "We are in the advantageous position of holding some of Canada’s largest and most advanced sedimentary rock phosphate deposits with resources at a grade that is suitable for organic and regenerative agricultural use. As we await approval of our permit applications, demand from customers is growing, and we are also experiencing a high level of inbound enquiries regarding our Wapiti rock phosphate deposit for its suitability in LFP battery manufacturing."

The Wapiti Project, which holds a combined Inferred and Indicated resource of 1.54Mt at 21.6% P2O5, has barely scratched the surface of its potential. With only 12.5 km of the estimated 40 km strike length explored, Fertoz is set on expanding the resource both at depth and along strike, capitalizing on the untapped potential of this asset. The company is currently advancing applications for two 10,000-tonne bulk sample permits and an industrial minerals permit for up to 250,000 tonnes, which are expected to be granted in the near term.

The strategic importance of phosphate has been amplified with its recent addition to Canada’s Critical Minerals List, a move driven by its crucial role in fertilizer production for food security and its expanding use in LFP batteries. This designation aligns perfectly with Fertoz’s plans. "With the injection of US$3.5 billion announced by the U.S. Department of Energy to strengthen domestic battery manufacturing, the path forward is clear in North America, particularly in securing a supply chain within the continent," Gleeson remarked. This momentum positions Fertoz to not only cater to the agricultural sector but also to play a significant role in the North American EV and energy storage markets.

As Fertoz prepares to test Wapiti’s rock phosphate samples for their suitability in LFP battery manufacturing, the company is well-placed to capitalize on the North American demand for a stable, domestically sourced supply of critical minerals. Gleeson emphasized, "We see potential in developing our high-grade phosphate deposits to help meet this demand, particularly as shortage concerns continue to grow across North America."

The proactive steps taken by Fertoz to diversify its phosphate applications and expand its resource base are set to pay off as the demand for both agricultural products and LFP batteries escalates. Fertoz's unique positioning in the market, coupled with its strategic initiatives, is attracting investor interest as the company moves closer to securing the necessary permits to expand its operations.

As of 2:35 PM, 14th August 2024, $SRM shares are trading at A $0.028.

About Fertoz Ltd: 

Founded in 2012, Fertoz Ltd (ASX: FTZ) is a sustainable land management company focused on improving soil health through the development of organic and regenerative fertilizer products. Fertoz holds high-grade, organically certified rock phosphate assets in Canada and has secured marketing agreements to supply rock phosphate from the USA and Mexico, ensuring consistent, high-quality products for North American farmers. The company’s commitment to sustainability extends to its premium carbon credits division, which promotes carbon capture through improved agricultural practices and reforestation initiatives. Fertoz is dedicated to creating beneficial products that enhance crop, soil, and financial health, driving necessary changes to address climate change and support a more sustainable future.