Proactiveinvestors Australia Fertoz Ltd https://www.proactiveinvestors.com.au Proactiveinvestors Australia Fertoz Ltd RSS feed en Tue, 18 Jun 2019 03:09:09 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Fertoz appoints Ron Wilkinson to board as non-executive director ]]> https://www.proactiveinvestors.com.au/companies/news/221834/fertoz-appoints-ron-wilkinson-to-board-as-non-executive-director-221834.html Fertoz Ltd (ASX:FTZ) has appointed experienced North American fertiliser executive Ron Wilkinson to its board as a non-executive director.

Wilkinson's skill set will assist the organic phosphate development company in the expansion of its sales network and in market penetration.

 

 

Fertoz executive chairman Patrick Avery said: “We are pleased to announce that Ron Wilkinson, a well-known senior executive in the fertiliser industry in North America, has been able to join our growing organic phosphate business.

“Ron is a chemical engineer and was a senior executive at Agrium for 20 years, responsible for wholesale production and sales of Agrium’s fertiliser products into the USA and Canada.

“As president of Agrium's wholesale business unit he had direct P&L responsibility for annual revenues of more than US$4 billion with annual sales of 8 million tonnes primarily into North American markets.”

READ: Fertoz signs multiple Canada-focused permitting and phosphate distribution agreements

Avery said that since 2018 Ron had been on the board of Itafos Ltd, a conventional phosphate fertiliser company with operations in the USA and Brazil and additional phosphate deposits in Brazil, Peru, Africa and the USA.

Wilkinson said: “I am very pleased to join the Fertoz board and support the company’s development in the organic phosphate space in North America.

“This is a rapidly growing marketing segment that is starting to attract the attention of the major fertiliser distributors in the USA and Canada.

“The Fertoz strategy of securing well-known and extensive distribution partners, co-locating product proximate to organic farming hubs and accessing markets with multiple growing seasons per year will pay off in the long run and I am keen to assist the growth of the company.”

READ: Fertoz highlights 2020 vision with investors during half-year reporting

Wilkinson joined Agrium in 1996 in logistics before moving to on to vice president marking and operations for Agrium’s South American joint venture with YPF SA.

He moved back to Canada in 2001 to take on roles relating to market development operations and spent 2004 to 2015 as president of the wholesale business unit for Agrium before taking on the role of advisor to the chief executive officer in 2016.

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Tue, 11 Jun 2019 12:56:00 +1000 https://www.proactiveinvestors.com.au/companies/news/221834/fertoz-appoints-ron-wilkinson-to-board-as-non-executive-director-221834.html
<![CDATA[Media files - Fertoz releases organic water-efficient fertiliser product for water delivery systems ]]> https://www.proactiveinvestors.com.au/companies/stocktube/13495/fertoz-releases-organic-water-efficient-fertiliser-product-for-water-delivery-systems-13495.html Tue, 28 May 2019 03:30:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/13495/fertoz-releases-organic-water-efficient-fertiliser-product-for-water-delivery-systems-13495.html <![CDATA[News - Fertoz signs multiple Canada-focused permitting and phosphate distribution agreements ]]> https://www.proactiveinvestors.com.au/companies/news/220377/fertoz-signs-multiple-canada-focused-permitting-and-phosphate-distribution-agreements-220377.html Fertoz Ltd (ASX:FTZ) has signed a bulk sample permit with authorities in Canadian province British Columbia for the Alberta section of the company’s Fernie project, which will allow it to mine and distribute phosphate ore to Canadian organic farms.

This will complement Fertoz’s already-secured exploration licence for Barnes Lake and the bulk sample permit for the Martens area at Fernie.

The company also signed a distribution agreement with Ontario-based agri-business Thompsons Limited and added to its supply agreement with Humic Growth Solutions (HGS) to include Canadian sales.

READ: Fertoz highlights 2020 vision with investors during half-year reporting

Fertoz executive chairman Patrick Avery said the company was excited to have been granted the permit, coming hot on the heels of the exploration licence for Barnes Lake.

Avery said: “Bulk sample permits allow us to mine our own deposits and achieving this milestone will empower us to send high-quality, high-availability phosphate ore to the numerous organic farms in Canada looking to trial our products.

“The ore we mine from our Fernie leases will complement that which we have stockpiled at Deer Lodge, Montana, and ore that we intend to mine from the approved Alberta leases.”

Exploration planned at Barnes Lake will test for additional high-quality, low-impurity phosphate resources.

READ: Fertoz continues to develop phosphate operations targeting 30,000-50,000 tonnes in USA

The distribution agreement with Thompsons will give Fertoz exposure to the eastern Canadian organic sector through Thompsons 12 Ontario branches.

Thompsons provides specialised farm services to crop and vegetable growers in the areas surrounding its branches.

Having already secured a sales and supply contract for the USA with HGS last year, Fertoz has now signed a second agreement which covers Canadian manufacturing and sales.

HGS is a global supplier of soluble humic powder, granulated and liquid products.

The two parties are actively working towards establishing a joint venture to facilitate a series of value-added rock phosphate and humic products.

The 10-year sales and supply contract for the USA targets 12,000 tonnes in CY19 and 28,000 tonnes in CY20, followed by yearly increases.

 

Avery continued: “Fertoz’s relationship with Humic has developed positively since the company first announced a sales and supply agreement between the parties on 22 November 2018, which initially covered only the USA.

“This new supply agreement expands the scope of the partnership to include Canada.

“Our recent progress on permitting, operations and partnerships reinforces our confidence in hitting our 30,000 – 50,000 tonne volume target for 2019, representing another year of significant growth.”

READ: Fertoz signs distribution agreement with large Canadian co-operative

Avery said the company had recently added a high-quality gypsum product to its mix, noting that “many farmers ask for this and until now we have not been able to supply it.”

He added: “We are pleased to have now signed an agreement with Pacific Recycling in Surrey, BC, to supply powdered and granulated gypsum products for our customers, in a deal which will see Fertoz make a margin on each sale.”

READ: Fertoz shores up two years of phosphate supply as it awaits mining permits

Fertoz has now secured distribution agreements with:

Federated Co-Operatives Ltd – 170 branches including 98 retail centres across western Canada;

Blairs – 10 branches in Saskatchewan;

Thompsons Limited – 12 branches in Ontario with extensive organic input experience;

Seven Springs Farms – Virginia, USA; and

Ag Unlimited – now part of the GrowWest brand, a Lyman Ag company based in California with three farm supply centres in the state.

The company is also progressing distributor initiatives with Limoges Seed Farms, Providence Grain Solutions and others, with more expected in the coming months.

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Thu, 16 May 2019 00:48:00 +1000 https://www.proactiveinvestors.com.au/companies/news/220377/fertoz-signs-multiple-canada-focused-permitting-and-phosphate-distribution-agreements-220377.html
<![CDATA[News - Fertoz highlights 2020 vision with investors during half-year reporting ]]> https://www.proactiveinvestors.com.au/companies/news/217698/fertoz-highlights-2020-vision-with-investors-during-half-year-reporting-217698.html Fertoz Ltd (ASX:FTZ) specialises in phosphate ore supply in the US and Canada. It is run by executive chairman and CEO Pat Avery, a civil engineer and seasoned industry profession with more than 30 years experience in all phases of industrial business.

Avery has built and managed mines, processing plants and infrastructure projects and previously led Prospect Global Resources Inc (OTCMKTS:PGRX) and its American West Potash asset as the company’s executive CEO. He also led Intrepid Potash Inc. (NYSE:IPI) (FRA:58I) as its president.

He is also a business development director at MGX Minerals Inc’s (CNSX:XMG) (OTCMKTS:MGXMF) (FRA:1MG) North American subsidiary PetroLithium Corporation of America.

Avery was in the petroleum refining and pipeline/terminal operations game for 15 years, holding roles at ARCO and Santa Fe Pacific Pipelines.

What does Fertoz own?

US and British Columbia-focused Fertoz’s key income-producing assets are the company’s Montana-based stockpiles of phosphate ore.

The Victorian-headquartered, ASX-listed development company is also moving into mining, with a bulk sample permit for its Fernie claims in Alberta, Canada, being granted in January 2019.

Other permit claims are pending for the Marten and Barnes Lake claims in British Columbia in 2019 as the mining push is tipped to have a difference on the company’s bottom line from this year.

Rock phosphate from Fernie claim will be used for planned sales and N-P-K (nitrogen-phosphorus-potassium) blending trials to be conducted this year.

Fertoz expects the rock phosphate seams at the project will have a very low strip ratio and save about 15% of extraction costs compared to its Montana stockpiles.

The ASX-listed phosphate ore supplier has a diversified strategy to meet demand for high-quality, low-metal phosphate across the organic supply chain.

It also supplies non-organic producers and expects a maturing organic supply chain as it fosters its evolution with key efforts.

Adding another string to its bow, Fertoz expects to meet increasing demand from the emergent cannabis industry as regulators ease historically applied restrictions and the industry continues to blossom.

The company hopes to a achieve a 100,000 tonnes sales target for 2020 while drawing on a 100,000-tonne stockpile of high-quality ore near its operations at Deerlodge, Montana, which it added to inventory in October 2018.

Fertoz has set a 30,000-50,000 tonnes sales target for 2019 for its Solvoy stockpile, also in Montana.

Last year the company’s Montana-based operations trucked out about 800-1,000 tonnes of phosphate a week to ensure the company had enough product ready for spring 2019 orders for delivery in North America.

Fertoz and contract ore processors had processed more than 11,000 tonnes of ore in the US and Canada by the end of last year to despatch in the June 2019 half-year.

A number of customers have signalled they will require additional ore from the company this calendar year, including its largest customer.

Jacksonville, Florida-based international fertiliser company Humic Growth Solutions LLC (HGS) and Fertoz have a 10-year sales and supply agreement for producing blended humate/phosphate fertilisers inked in November 2018.

The companies also signed an MOU towards creating a formal joint venture that puts in place cost and volume reviews and includes joint marketing as well as branding and sales incentives.

What are Fertoz’s latest results?

Fertoz posted its December 2018 half-year report to shareholders last Friday, reporting sales, marketing, exploration, permitting, mined and stockpiled ore supply, and agronomic research and logistic results for the half-year.

The company had $902,372 in receipts from customers during the half-year period, with $2.7 million of net cash inflows keeping total comprehensive losses at $1.1 million for the half-year as $1 million of loan facilities were undrawn at quarter-end.

Fertoz executive chairman and CEO Pat Avery and sales and marketing senior vice-president Sean Gatin will host an investor conference call later this week to answer queries from investors.

The company had $8.7 million total equity at the end of 2018, including $1.9 million of cash reserves.

Fertoz has tipped a slim $105,000 of cash outflows for the March quarter of 2019, noting in January 2019 that $600,000 of funds from a customer cheque were likely to clear its account in the fiscal quarter.

The company’s March quarterly reports are expected by the end of April 2019.

Inflection points

Marten and Barnes Lake claims expect a bulk sample permit from the Canadian regulator

Scale-up of sales targets in the 2020 calendar year, fuelled by addition of 100,000-tonne Montana stockpile to inventory

Strategic agreements, including joint venture formations with partners such as HGS

Inventory, permit claim or project acquisitions that add further stocks to inventory

Evolution of organic fertiliser and emerging cannabis industries in North America and beyond

Fertoz executive chairman & CEO Pat Avery highlights supply chain focus

“We’re executing in mining by getting more supply and getting our permitting system going, we’re executing in logistics and supply chain and processing, and then … in sales,” Fertoz executive chairman and CEO Pat Avery told Proactive Investors in December.

“We have essentially located all the high-quality phosphate in the Western US and in Canada, and have attempted to tie that up. We’ve got real strategic strength.”

Fertoz will host its investor conference call this Thursday, April 4, 2019 at 10.30am AEDT, with participants able to pre-register questions with an email to office@fertoz.com. To access the real-time conference, register at the Choruscall online invitation or dial 1800 908 299 or +61 2 9007 8048 from within Australia on the day. The conference ID is 658841. Phone numbers for North America, UK, Singapore, Hong Kong, New Zealand and Japan-based investors can be found at the invitation page or on the invitation extended through the Australian Securities Exchange platform.

 

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Mon, 01 Apr 2019 21:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/217698/fertoz-highlights-2020-vision-with-investors-during-half-year-reporting-217698.html
<![CDATA[News - Fertoz continues to develop phosphate operations targeting 30,000-50,000 tonnes in USA ]]> https://www.proactiveinvestors.com.au/companies/news/217483/fertoz-continues-to-develop-phosphate-operations-targeting-30000-50000-tonnes-in-usa-217483.html Fertoz Ltd (ASX:FTZ) continues to develop processing and production capabilities at its North American operations with sales targets of 30,000-50,000 tonnes set for 2019 at its Solvoy stockpile in Montana, USA.

In October 2018, Fertoz identified and secured access to a 100,000-tonne stockpile of high-quality, high phosphate availability rock phosphate close to its existing operations at Deerlodge, Montana.

The company's annual report released today stated that based on this access, the company had set a sales target of 100,000 tonnes for 2020.

Towards the end of 2018, its Montana-based operations ramped up with Fertoz trucking about 800-1,000 tonnes of phosphate per week to fill spring and summer orders to ensure the company had enough product ready for 2019 spring delivery in North America.

The Australian-listed fertiliser supplier also established and utilised contract ore processing locations in Canada and the USA and by the end of December 2018, had pre-processed more than 11,000 tonnes of phosphate ore for delivery in the first half of 2019.

In March 2019, the company completed a distribution agreement with Federated Co-Operatives and partnered with Humic Growth Solutions (HGS) to develop a blended humic and phosphate product for various crops including cannabis.

HGS is targeting 10,000 to 12,000 tonnes of product volume with Fertoz in 2019, moving up to 25,000 tonnes in 2020.

During the second half of 2018, the company delivered phosphate to customers in North America with many indicating that tonnages are needed in 2019, including Fertoz’s largest customer.

READ: Fertoz signs distribution agreement with large Canadian co-operative

The company also continued to progress bulk sample permitting for leases in Canada including the Alberta and Marten project areas, with Fertoz having filed an application for a bulk sample permit at Barnes Lake.

A permit for the Marten lease is expected in the first half of 2019 and progress is also expected to be made on Fertoz’s Wapiti small mine application during 2019.

READ: Fertoz secures bulk sample permit for phosphate mining claims in Alberta

Fertoz continued exploration in Alberta and British Columbia, staking road routes and collecting ore samples from Alberta and British Columbia Fernie leases at Marten and Barnes Lake.

Ground mapping of phosphate outcrops was undertaken in the second half of 2018 with a JORC report on the area expected this year.

With its Alberta bulk sample permit now in place, the company will finalise logistics to enable mining to begin within the first half of 2019 as well as planning to update and expand organic registrations as it continues to develop new products to market.

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Fri, 29 Mar 2019 15:02:00 +1100 https://www.proactiveinvestors.com.au/companies/news/217483/fertoz-continues-to-develop-phosphate-operations-targeting-30000-50000-tonnes-in-usa-217483.html
<![CDATA[News - Fertoz signs distribution agreement with large Canadian co-operative ]]> https://www.proactiveinvestors.com.au/companies/news/216337/fertoz-signs-distribution-agreement-with-large-canadian-co-operative-216337.html Fertoz Ltd (ASX:FTZ) has signed a distribution agreement with Federated Co-Operatives Ltd (FCL), Canada’s largest co-operative servicing food, agriculture, energy and homebuilding members.

With annual revenue of C$10.7 billion, FCL provides procurement, marketing and distribution services to more than 170 retail members.

Fertoz, an organic phosphate company, expects the agreement will help provide a good base of sales for its 30,000-50,000-tonne target for 2019.

READ: Fertoz secures bulk sample permit for phosphate mining claims in Alberta

Fertoz executive chairman Pat Avery said: “We are really excited about this partnership. FCL offers unmatched capacity to warehouse, blend and distribute crop nutrition products to farm customers across Canada." 

“2019 is looking to be a good year with our efforts tightly focused on growing our sales to customers and further strengthening the logistic, crushing and storage partnerships that the company established in 2018.

“Our focus on mine-gate sales with a blend of Free on Board and delivered sales provides a scalable operating model for Fertoz, empowering our group to focus on margins at the same time as meeting customer needs.

“The company’s newly awarded bulk sample permit in Alberta lets us offer multiple distribution points for customer collection, complements our Montana operations and expands our geographic reach to all our customers.”

The company has also appointed Sean Gatin as fulltime sales manager to lead the company’s sales and marketing while it continues to pursue a pipeline of potential new customers among agricultural dealers and growers.

He said: “FCL is a leader in Canadian ag, products and services. Following initial efforts in supplying organic inputs to members, FCL is now looking to significantly expand that product line.

"With our high-quality phosphate ore resources located in British Columbia, Alberta and Montana, we are well aligned with ready supply and are working jointly on value-added products look forward to executing well for FCL’s large agricultural member network and will develop 2019 sales targets jointly.”

Fertoz is now executing on the following key initiatives for early 2019:

Beginning shipments of product to customers for spring sales, with more than 11,000 tonnes of product in dry storage ready to ship;

Developing sales goals with distribution partners Seven Springs Farms and FCL, further expanding Fertoz’s customer coverage and reach; and

Planning the mining of Fertoz’s Alberta leases, starting on June 1, 2019, and advancing bulk sampling permits for Marten, Barnes Lake and a small mine permit at Wapiti.

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Wed, 13 Mar 2019 13:29:00 +1100 https://www.proactiveinvestors.com.au/companies/news/216337/fertoz-signs-distribution-agreement-with-large-canadian-co-operative-216337.html
<![CDATA[News - Fertoz secures bulk sample permit for phosphate mining claims in Alberta ]]> https://www.proactiveinvestors.com.au/companies/news/212447/fertoz-secures-bulk-sample-permit-for-phosphate-mining-claims-in-alberta-212447.html Fertoz Ltd (ASX:FTZ) has secured a Bulk Sample Permit for the Fernie claims in Alberta, Canada.

This will allow the organic phosphate development company to start extracting rock phosphate for its planned sales and N-P-K (nitrogen-phosphorus-potassium) blending trials to be conducted this year.

Notably, the Fernie claims show outcropping rock phosphate and Fertoz’s field work indicates that the rock phosphate seams will have a very low strip ratio.

Fertoz’s calculations indicate that it will achieve at least a 15% cost saving using this rock phosphate compared to its stockpiles in Montana, and this will improve the company’s bottom line during 2019.

 

Fertoz chief operating officer and geologist Jo Shearer said: “Earning this Bulk Sample Permit represents a great start to CY19 for Fertoz.

“On the basis of positive feedback from the British Columbia Ministry of Energy, Mines and Petroleum Resources regarding our similar Bulk Sample Permit applications covering the Marten and Barnes Lake claims in BC, we expect to achieve further permitting progress early in 2019.”

READ:  Fertoz shores up two years of phosphate supply as it awaits mining permits

Fertoz executive chairman Pat Avery said: “We will provide a sales update in the coming weeks, but suffice to say that Fertoz is on track for a successful year ahead.

“We learned a lot in 2018. In some ways, it was a pretty tough year for us, ramping up to over 10,000 tonnes of shipments, with numerous logistics issues to solve, whilst at the same time managing weather, new customers and a number of field trials.

“However, we have now developed a sustainable operating model which empowers Fertoz to deliver significantly more mine gate sales in 2019 and beyond, especially from our own projects.

READ: Fertoz signs phosphate sales and supply agreement with Humic Growth Solutions

“Earning a Trenching and Bulk Sample Permit for our Alberta claims is a significant step forward in executing our growth ambitions.”

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Mon, 14 Jan 2019 12:18:00 +1100 https://www.proactiveinvestors.com.au/companies/news/212447/fertoz-secures-bulk-sample-permit-for-phosphate-mining-claims-in-alberta-212447.html
<![CDATA[Media files - Fertoz progressing first-ever global organic fertiliser supply chain on multiple fronts ]]> https://www.proactiveinvestors.com.au/companies/stocktube/11485/fertoz-progressing-first-ever-global-organic-fertiliser-supply-chain-on-multiple-fronts-11485.html Thu, 06 Dec 2018 15:32:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/11485/fertoz-progressing-first-ever-global-organic-fertiliser-supply-chain-on-multiple-fronts-11485.html <![CDATA[News - Fertoz shores up two years of phosphate supply as it awaits mining permits ]]> https://www.proactiveinvestors.com.au/companies/news/209987/fertoz-shores-up-two-years-of-phosphate-supply-as-it-awaits-mining-permits-209987.html Fertoz Ltd (ASX:FTZ) is helping build a supply chain for organic agriculture as it sells organic fertilisers to conventional and organic growers, wholesalers and stores.

The phosphate ore supplier and aspiring miner is meeting demand for high-quality, low-metal phosphate across the supply chain, and is expecting increasing demand from the emergent cannabis industry.

READ: Fertoz signs phosphate sales and supply agreement with Humic Growth Solutions

Fertoz executive chairman Pat Avery spoke to Proactive Investors this week and said the company was expecting dedicated organic supply stores for growers would open their doors in the coming years.

The chairman said Fertoz was focused on helping to build the currently-unstructured supply chain, as the company continued to supply its fertilisers to conventional farmers.

Avery said, “We sell to everyone, across the world.”

The organiser fertiliser developer and marketer’s expansion from Australian, US and Canadian markets was helped along two months ago, when the first order was received from New Zealand, to supply FertAg 0-8-0 organic fertiliser.

Avery said the push for legalised use of cannabis, in places such as Canada and four or five US states, was driving change to agricultural business.

“We sell to some now, but might not take a lot of tonnes, and as we see that they get together or consolidate or grow, it’s gonna be a fairly large market for us.

“A number of parties now to differentiate themselves are actually growing organic cannabis.”

READ: Fertoz wins first organic fertiliser order in New Zealand

The chairman said the company had a fair pricing structure and a model to sell to wholesalers, retailers and growers.

“We don’t disadvantage one. We don’t advantage one. Again, we sell on quality and reputable phosphate, and have a structured pricing model.”

Chairman Avery spoke to the Proactive Investors Stocktube channel last month as Fertoz was planning a prototype sales offering collaboration with a North American partner in order to build the North American supply chain and set a model for future operations.

Avery had told Stocktube in July, “As people get discretionary income, raise a family, we find more and more demand for organic crops and produce and that's the market we are targeting.”

Avery told Proactive this week the company had had a “busy six months,” progressing supply deals, partnership agreements and other activity such as mining, permit applications, processing and logistics.

Partnerships are a way for the company to shore up demand across the supply chain, and establish order books for its lead rock phosphate projects Wapiti and Fernie ahead of permitting and mine developments at the projects in the Canadian province of British Columbia

 

Stockpiles pick-ups

Avery said one of the company’s biggest efforts of the past six months had been to source an additional stockpile of ore from near its Montana operations in the US, which it could draw upon as it built a customer base and order book.

Avery said, “We have an ore stockpile in Butte, Montana, we’ve been drawing off for about a year.

“Some friends of mine who have been mining in the western US and in phosphates for quite some time, helped search where other readily available, potentially available phosphate might be.

“We struck a deal this summer, a 100,000-tonnes supply agreement from a source fairly near Butte, Montana, which makes it quite convenient.”

The deal, inked in October 2018, will ensure the company can fully meet sales targets of 30,000 to 50,000 tonnes of fertiliser products in 2019 and 100,000 tonnes in 2020.

Avery said, “The ores actually have been ground down, crushed somewhat, well turn it into final products.”

This will allow the company to grow demand for its products and custom phosphate ore blends as its 100%-owned British Columbian projects Wapiti and Fernie come online and build their capacity to meet expanding targets.

READ: Fertoz shareholders approve board appointment of Stuart Richardson

Fertoz’s chairman noted there was “considerably more ore out there” at the former mine closed about 10 years ago, highlighting estimates there was 150,000-200,000 tonnes of material in the stockpile.

Avery said, “That meets our sales goals for the next couple of years.

“We want to drive our sales but we have to order to meet those sales.”

A recent 10-year sales and supply agreement with Jacksonville, Florida-based fertiliser business Humic Growth Solutions LLC (HGS) will see Fertoz and its new joint venture partner target sales of 35,000-40,000 tons of value-added fertiliser products in two years.

Humic is taking a long view by taking a 10-year option to extend the agreement and planning toward a 20-30-year operation.

READ: Fertoz signs phosphate sales and supply agreement with Humic Growth Solutions

Fertoz is keeping its eye on its end-goal of becoming a high-phosphate low-metals rock phosphate miner with its own international fertiliser supply business.

Avery said, “In addition to stockpiles, which are great readily (available) sources of ore, the long-term sustainable plan of the company, of course, is to mine our own high-quality product in central British Columbia, southern British Columbia and in Alberta.”

The company has advanced permitting on all these mines, reaching the final review stage for a bulk-sampling permit in the Canadian province of Alberta.

Avery said, “We believe we have identified resources of over 10 million tonnes and we really tied up all the key high-quality phosphate), we think. We have to turn this into product.

“This is driven by agricultural sales and food going in the market essentially every day.”

 

Miner to agricultural sales outfit

To meet this demand, Fertoz is transitioning from choosing to be a miner to becoming an agricultural company.

“We’re a core miner – because we have to have core resources to make our organic product – but … a large percentage of our time is spent on logistics and sales, agriculture.

“Beyond mining, we’re (now) a full-scale, starting scale production and sales company.”

Chairman Avery is hopeful for the future, given the loyalty of Fertoz’s customers and despite seasonal rain that affected agribusinesses this year.

He said, “I think every customer that’s ever bought from us has bought more. I’m not sure we’ve ever lost one.”

One of Fertoz’s points of difference is its high-quality phosphate, another its product traceability.

Avery said, “The phosphate is very high-quality and very low metals.

“The (Fertoz) founders did think it would be very good for organic type of plant nutrition.”

Traceable and price competitive

The company’s fertiliser can be used in conventional agriculture and hold its own.

Avery said, “Our phosphate can absolutely go on conventional ground, just traditional fertilised acres. It’s very price competitive, on the ground.”

Fertoz provides the customer with traceability, tracking where a product was mined, what truck it was hauled on to which processor before it ended up with the client, and documenting this in a specification sheet.

“We provide the spec sheets of every ingredient in our blends to our growers or our customers.

“And then (when) they sell their product to a food company or food broker, we have traceability across the whole chain.

“Phosphate is our key ingredient by far, but it helps build out our traceability chain.”

Customer pipeline focus

Earlier today, Fertoz told the market it was developing what it called a “robust new customer pipeline” after achieving first sales of its organic fertiliser to large crop input provider Nutrien.

Fertoz also revealed it was going through the final stages of becoming an approved to Scotts Miracle-Gro Company (NYSE:SMG).

Scotts has a market capitalisation of about $4 billion, marketing leading brands such as Osmocote, General Hydroponics and Miracle-Gro to gross US$2.8 billion in annual sales.

The supply deal is expected to lead to direct sales by Fertoz to Scotts’ cannabis-focused subsidiary.

Six extra production and geographical partnerships are in the works in growing US regions, including with Fertoz’s existing customer Seven Springs Farm.

Fertoz will hold its annual general meeting in Melbourne this Thursday, November 29, at NWR Communications at 350 Collins Street.

— with Danielle Doporto, Emily Dawson

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Tue, 27 Nov 2018 00:15:00 +1100 https://www.proactiveinvestors.com.au/companies/news/209987/fertoz-shores-up-two-years-of-phosphate-supply-as-it-awaits-mining-permits-209987.html
<![CDATA[News - Fertoz signs phosphate sales and supply agreement with Humic Growth Solutions ]]> https://www.proactiveinvestors.com.au/companies/news/209718/fertoz-signs-phosphate-sales-and-supply-agreement-with-humic-growth-solutions-209718.html Fertoz Ltd (ASX:FTZ) has secured a 10-year sales and supply agreement with Humic Growth Solutions LLC (HGS), an international fertiliser company based in Jacksonville, Florida.

The agreement outlines the production of blended humate/phosphate fertilisers and incorporates an MoU towards creating a formal joint venture with regular cost and volume reviews and joint marketing, branding and sales incentives.

Both companies have forecast sales of 35,000-40,000 tons of the new value-added fertiliser products in the first two years, with further increases in following years.

 

Fertoz phosphate and HGS humate products when blended can deliver available nutrients while simultaneously improving soil health.

This collective effort will facilitate the production of the first organic rock phos powder blended with humic soluble powder to make a patent-pending certified organic granule.

Given the number of farmers requesting blended humate-phos products, both companies have agreed to accelerate production of test batches for trials by farmers around the HGS’ Montana processing facility.

READ: Fertoz secures stockpile of rock phosphate to help meet growing sales

Fertoz executive chairman Pat Avery said the company was thrilled to partner with HGS and blend its rock phosphate with their humates.

Avery said: “Humate-based fertilisers are well-accepted in North America with both conventional and organic farmers.

“Blending these with our high-quality, high-availability organic rock phosphate allows Humic Growth Solutions and Fertoz to jointly market premium blended fertiliser products to broad acre crop farmers, high-intensity vegetable growers and greenhouse operations looking for fertigation productions and drip-feed fertilisers.

“This relationship makes a solid strategic fit as well as a geographically advantageous one, as the closest HGS processing facility is only 190 miles from our Montana stockpile and it has road and rail access to all of North America.

“Blended humates and phosphate are high-value fertilisers, so freight costs are not a major consideration, meaning we will be able to sell the blended product right across the United States and Canada.”

READ: Fertoz wins first organic fertiliser order in New Zealand, directors exercise options

HGS is the world’s largest manufacturer and supplier of organic humic products, including 100% soluble humic acid powder and patented humic acid granule.

Typically derived from coal, these products aim to improve agricultural yields by returning carbon to the soil and enhancing crops’ water and nutrient holding capacity.

Humate inputs are sourced from Alberta in Canada and processed at HGS facilities in Alberta, Montana, Idaho and Florida for export to world markets.

HGS has a facility about 300 kilometres from Fertoz’s recently secured 100,000-ton rock phosphate stockpile.

Operating for more than 10 years with a focus on international markets, primarily Europe, Africa and the Middle East, HGS is now expanding its efforts in North America.

READ: Fertoz’s organic fertiliser certified as genuine organic product in New Zealand

HGS founder & CEO Kevin Merritt said: “HGS has a great suite of humate-based products but we are always looking for complementary components that bring agronomic value and can economically improve yields and crop quality to producers around the world.

“We selected Fertoz phosphate due to its high quality, its proximity to our Montana processing facility, its well-developed logistics solutions and its impressive sales history and developing market penetration.

“We plan to expand our facilities to meet the expected sales of these new blends and Fertoz has committed to providing us with rock phosphate, access to their logistic chain and together we will target sales efforts in key markets.”

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Wed, 21 Nov 2018 20:51:00 +1100 https://www.proactiveinvestors.com.au/companies/news/209718/fertoz-signs-phosphate-sales-and-supply-agreement-with-humic-growth-solutions-209718.html
<![CDATA[Media files - Fertoz teases big deals, and prototype for first-ever organic supply chain ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10875/fertoz-teases-big-deals-and-prototype-for-first-ever-organic-supply-chain-10875.html Wed, 17 Oct 2018 12:40:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/10875/fertoz-teases-big-deals-and-prototype-for-first-ever-organic-supply-chain-10875.html <![CDATA[News - Fertoz secures stockpile of rock phosphate to help meet growing sales ]]> https://www.proactiveinvestors.com.au/companies/news/206731/fertoz-secures-stockpile-of-rock-phosphate-to-help-meet-growing-sales-206731.html Fertoz Ltd (ASX:FTZ) has secured access to a 100,000-tonne stockpile of high-quality rock phosphate located close to its operations in Montana.

The stockpile provides sufficient supply to meet the company’s sales targets of 30,000 to 50,000 tonnes of fertiliser products in CY19 and 100,000 tonnes in CY20.

The company has formalised this access reaching a marketing agreement which will see it use the ore in its fertiliser blends.

READ: Fertoz non-executive directors up stakes to $3.2 million

Fertoz’s executive chairman Patrick Avery said: “Although we have made good progress recently in relation to permitting our Alberta leases for a bulk sample, we wanted to ensure we had sufficient ore available to make our CY19 fertiliser sales targets.

“After assessing various small deposits and stockpiles across North America, we settled on this particular stockpile due to its proximity to our existing operations, its similarly high quality, and its ability to be processed into the various blends and sizes that our customers demand.

“We plan to move over 5,000 tonnes of this ore to Butte, Montana over the coming weeks to process it, ready for deliveries in CY19.”

Plans to mine a bulk sample in Canada progressing

Fertoz remains confident that progress is being made on the bulk sample application for its Fernie phosphate project in Canada.

Once issued, the company plans to mine a 5,000-tonne bulk sample in the well-known mining area that has road, rail, and processing services infrastructure.

Avery added: “Separately, after discussions with the regulator in Alberta, we have updated our plans for a bulk sample permit.

“We are encouraged by the progress being made in Alberta and have recently applied for another parcel of land to complement our existing leases in the Fernie project.”

READ: Fertoz wins first organic fertiliser order in New Zealand, directors exercise options

Avery added: “Having secured the new 100,000 tonnes ore marketing agreement, and making progress at the Alberta and Fernie area leases, we have sufficient resources to meet our stated sales targets of 30,000 - 50,000 tonnes in CY2019 and 100,000 tonnes in CY2020.

“This is a critical step and accomplishment.”

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Wed, 10 Oct 2018 11:40:00 +1100 https://www.proactiveinvestors.com.au/companies/news/206731/fertoz-secures-stockpile-of-rock-phosphate-to-help-meet-growing-sales-206731.html
<![CDATA[News - Fertoz non-executive directors’ stakes now at $3.3 million ]]> https://www.proactiveinvestors.com.au/companies/news/206746/fertoz-non-executive-directors-stakes-now-at-33-million-206746.html Fertoz Ltd (ASX:FTZ) non-executive director Adrian Byass has exercised a package of more than 60,000 unlisted options and transferred 180,000 shares to a superannuation fund to which he is a beneficiary.

Byass, who is also Plymouth Minerals Ltd’s managing director, converted 64,286 unlisted and expiring options he indirectly held as a Teutonic Investments Pty Ltd director at an 18-cent exercise price.

The $11,571.48 conversion, dated October 5, was followed by his October 8 transfer of 180,000 shares from Teutonic into his Oakwood Super fund.

Byass’ conversion relates to a September 27 announcement from the company that all its non-executive directors would be taking up their unlisted 18-cent options that were expiring on September 29.

READ: Fertoz non-executive directors up stakes to $3.2 million

Super fund Oakwood’s new shares are valued at $14,142.92 using today’s 22-cent last-traded price late this afternoon, with the fund’s upped 632,521-share stake put at $139,154.62 using the same price.

Fertoz’s securities are up 2 cents or 10% so far today after the company secured a rock phosphate stockpile to meet ever-increasing demand from the market.

READ: Fertoz secures stockpile of rock phosphate to help meet growing sales

Byass continues to indirectly hold 34,286 ordinary shares through Byass Family Trust trustee Valiant Equity Management — a stake valued at $7,542.92 million at 22 cents.

Teutonic now holds 12,857 ordinary shares, worth $2,828.54 at 22 cents.

Byass’ indirectly held stake has a $419,526.08 value at the price from 4.10pm market time this afternoon.

Fertoz director Byass is also an executive director of Ironbark Zinc Limited (ASX:IBG) and a non-executive director of Corazon Mining Ltd (ASX:CZN).

READ: Fertoz wins first organic fertiliser order in New Zealand, directors exercise options

Yesterday the company shared news of Byass’ fellow non-executive directors' completion of their exercise of options.

Non-executive director James Alexander Chisholm’s stake is now valued at $2 million today while one his fellow non-executive board members, Boston First Capital Pty Ltd director Stuart Richardson’s, declared indirect stake is sitting at $1.49 million today.

Boston First Capital is a top two shareholder in the company with Fertoz’s founding shareholder Pat Avery.

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Wed, 10 Oct 2018 02:37:00 +1100 https://www.proactiveinvestors.com.au/companies/news/206746/fertoz-non-executive-directors-stakes-now-at-33-million-206746.html
<![CDATA[News - Fertoz non-executive directors up stakes to $3.2 million ]]> https://www.proactiveinvestors.com.au/companies/news/206634/fertoz-non-executive-directors-up-stakes-to-32-million-206634.html Fertoz Ltd (ASX:FTZ) non-executive director James Alexander Chisholm and new director Stuart Richardson, who is also a director of Boston First Capital Pty Ltd, have upped their indirect stakes in the organic fertiliser and agriculture company.

Richardson and Chisholm both exercised 18-cent unlisted options that expired on September 29, with the date of change listed as October 5.

 

Fertoz executive chairman and top-two shareholder Pat Avery last week thanked Richardson in the company’s October 4 annual report, describing his efforts as “instrumental in assisting with the sales strategy and execution”.

Boston First Capital Pty Ltd director Richardson has more than 35 years experience in investment banking and stockbroking.

Fertoz shareholders approved Richardson’s election to the company board in August.

READ: Fertoz wins first organic fertiliser order in New Zealand, directors exercise options

Last Friday he took his indirectly-held Boston First Capital stake up by 298,215 ordinary shares to 6,724,682 ordinary shares in a $53,678.70 buy worth $59,643 on-market today at the 20-cent last-traded price this afternoon.

The stakes he indirectly held through Jeanette Richardson (10,000 ordinary shares), JSR Nominees Pty Ltd ATF Richardson Super Fund (10,000 ordinary shares) and Blackwood Capital Ltd (10,000 ordinary shares) remained unchanged.

Richardson’s total indirectly-held stake is worth $1.35 million at 20 cents.

Chisholm ups stake

An engineer and long-time oil-and-gas and resources industry participant of 28 years, Chisholm helped float Doyles Creek Mining Pty Ltd through Nucoal Resources NL (ASX:NCR).

He also co-founded TheChairmen1 Pty Ltd which divested its assets to Guildford Coal Ltd (ASX:GUF) and became its largest shareholder.

Chisholm is also a non-director director of Ebony Coal Limited and Atrum Coal NL.

Today, Fertoz announced he had increased his indirect stake in the company with a $17,357.22 options-exercise to add 96,429 ordinary shares he already held indirectly through the outfit Left Brain Strategies Pty Ltd, taking the Left Brain stake 350,065 ordinary shares.

Chisholm continued to hold 4,657,824 ordinary shares indirectly through Lenark Pty Ltd while the number he indirectly held in Bucket Super Pty Limited rested unchanged at 4,102,675 ordinary shares.

This month’s exercise takes the value of Chisholm’s indirectly-held stake to $1.82 million using today’s mid-afternoon price of 20 cents.

Top 6 shareholders linked to board

Avery was the company’s top shareholder on September 21 with 6,107,143 shares and 5.13% of the company, as revealed in Fertoz’s annual report last week.

Boston First Capital, which had placed second, now holds more shares, with its 6,724,682-share stake likely to make it the new number one.

Lenark was the fifth largest shareholder on September 21 (with 3.91%), while Bucket Super was sixth (with 3.45%) and a second Boston First Capital stake was 18th (with 1.01%).

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Tue, 09 Oct 2018 01:33:00 +1100 https://www.proactiveinvestors.com.au/companies/news/206634/fertoz-non-executive-directors-up-stakes-to-32-million-206634.html
<![CDATA[News - Fertoz wins first organic fertiliser order in New Zealand, directors exercise options ]]> https://www.proactiveinvestors.com.au/companies/news/205812/fertoz-wins-first-organic-fertiliser-order-in-new-zealand-directors-exercise-options-205812.html Fertoz Ltd (ASX:FTZ) has received the first order from a customer in New Zealand for a container load of its organic fertiliser FertAg 0-8-0.

READ: Fertoz’s organic fertilizer certified as genuine organic product in New Zealand

New Zealand represents a large potential market for FertAg 0-8-0 as many areas have soils that are suffering from mineral and phosphate depletion.

Additional funds from share options exercise

Fertoz’s all non-executive directors have exercised their 18 cents options, totalling $82,607.

The options expire on 29 September, and to date, a number of shareholders have also exercised their 18 cents options.

This provides the company with additional funds to facilitate deliveries of the product prior to winter in North America.

READ: Fertoz a leading ASX gainer with shares up almost 40%

Fertoz executive chairman Patrick Avery stated: “The support by our shareholders is very encouraging. It is clear that a number of investors can see the growth potential of Fertoz, not only in North America, but in Australia and now New Zealand.

“I have offered, and the board has accepted, a voluntary escrow on the performance shares that shareholders voted to issue to me in the recent extraordinary general meeting.

“I think this is warranted in view of the great support of our shareholders, and it highlights the faith I have in meeting our targeted 30,000 to 50,000 tonnes of sales in CY19.

“We have just finalised audited financial statements for the year ended 30 June 2018 and I’d like to take this opportunity to thank Les Szonyi and his FertAg team for their exceptional performance in drought conditions.”

FertAg 0-8-0 with good growth in drought conditions compared to neighbouring property

Avery added: “FertAg returned an EBIT of $110K for the year, and with the expansion into Western Australia and New Zealand underway, and now our first sales into New Zealand, we believe next year will be even better.

“Hopefully, the drought will break as well, and that will add to new and repeat orders for Les and his team.”

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Thu, 27 Sep 2018 14:31:00 +1000 https://www.proactiveinvestors.com.au/companies/news/205812/fertoz-wins-first-organic-fertiliser-order-in-new-zealand-directors-exercise-options-205812.html
<![CDATA[News - Fertoz a leading ASX gainer with shares up almost 40% ]]> https://www.proactiveinvestors.com.au/companies/news/203945/fertoz-a-leading-asx-gainer-with-shares-up-almost-40-203945.html Fertoz Ltd (ASX:FTZ), which markets and develops organic fertiliser products, is a leading ASX gainer today, up almost 40% to a new 12-month high of 26.5 cents.

This month the company received the BioGro New Zealand Certificate of Compliance for its leading organic fertiliser FertAg 0-8-0.

READ: Fertoz’s organic fertiliser certified as genuine organic product in New Zealand

BioGro is New Zealand’s largest and best-known certifier for organic produce and products, certifying and accrediting more than 750 producers, farmers and manufacturers across New Zealand and the Pacific.

The BioGro logo guarantees that a product is made without animal testing, genetic modification and the routine use of synthetic pesticides.

It is the mark of a genuine organic product, and FertAg 0-8-0 is now certified for organic agriculture in Australia and New Zealand.

READ: Fertoz shareholders approve board appointment of Stuart Richardson

New Zealand represents a large potential market for FertAg 0-8-0 as many areas have soils that are suffering from mineral and phosphate depletion.

FertAg, the company’s wholly owned Australian subsidiary, is in discussions with various distributors in New Zealand with some having already begun placing orders.

The company is also working with cannabis producers to position itself as a credible source of reliable agronomic information and a premium supplier of organic fertilisers for cannabis plants.

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Fri, 31 Aug 2018 16:27:00 +1000 https://www.proactiveinvestors.com.au/companies/news/203945/fertoz-a-leading-asx-gainer-with-shares-up-almost-40-203945.html
<![CDATA[News - Fertoz’s organic fertilizer certified as genuine organic product in New Zealand ]]> https://www.proactiveinvestors.com.au/companies/news/203182/fertozs-organic-fertilizer-certified-as-genuine-organic-product-in-new-zealand-203182.html Fertoz Ltd (ASX:FTZ) has received the BioGro New Zealand Certificate of Compliance for its leading organic fertilizer FertAg 0-8-0.

BioGro is New Zealand’s largest and best-known certifier for organic produce and products, certifying and accrediting more than 750 producers, farmers and manufacturers across New Zealand and the Pacific.

READ: Fertoz’s organic fertilizer products continue to gain traction with vegetable growers

The BioGro logo guarantees that a product is made without animal testing, genetic modification and the routine use of synthetic pesticides.

It is the mark of a genuine organic product, and FertAg 0-8-0 is now certified for organic agriculture in both Australia and New Zealand.

New Zealand represents a large potential market for FertAg 0-8-0 as many areas have soils that are suffering from mineral and phosphate depletion.

FertAg 0-8-0 with good growth in drought conditions compared to neighbouring property

Les Szonyi, managing director FertAg Pty Ltd, the company’s wholly owned Australian subsidiary said: “We are pleased to advise that Fertoz’s Australian subsidiary has recently received organic certification from BioGro for FertAg 0-8-0 in New Zealand.

“This is an important step for us as New Zealand opens up another large market for the company and we look forward to experiencing similar success there."

17,000 tonnes of product recently processed at Butte, Montana, US

Szonyi added “Finally, we are pleased to advise that recently expiring options were converted raising an additional $877,000.

“Another tranche of options expire at the end of September and early indications are that many of these will also be converted – a testament to our recent progress in Australia and North America which we expect to continue.”

FertAg is currently in discussions with various distributors in New Zealand with some having already begun placing orders.

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Mon, 20 Aug 2018 12:46:00 +1000 https://www.proactiveinvestors.com.au/companies/news/203182/fertozs-organic-fertilizer-certified-as-genuine-organic-product-in-new-zealand-203182.html
<![CDATA[News - Fertoz shareholders approve board appointment of Stuart Richardson ]]> https://www.proactiveinvestors.com.au/companies/news/202802/fertoz-shareholders-approve-board-appointment-of-stuart-richardson-202802.html Fertoz  Ltd (ASX:FTZ) shareholders have approved the appointment of Stuart Richardson and previous share issue at its general meeting today.

Richardson was appointed as a non-executive director to the board in late June 2018 and has more than 35 years’ experience in investment banking and stockbroking.

READ: Fertoz organic phosphate sales get boost from legalised cannabis growers

Fertoz is an organic fertiliser manufacturer and supplier.

It markets and develops a range of organic fertilisers in North America and Australia.

North American sales boosted from cannabis

With the legalisation of recreational cannabis in Canada planned in October 2018, Fertoz has witnessed growth in both conventional and organic markets.

The market is expected to grow at 30% per annum.

Fertoz has been working with cannabis producers to position itself as a credible source of reliable agronomic information and a premium supplier of organic fertilisers for cannabis plants.

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Tue, 14 Aug 2018 12:21:00 +1000 https://www.proactiveinvestors.com.au/companies/news/202802/fertoz-shareholders-approve-board-appointment-of-stuart-richardson-202802.html
<![CDATA[Media files - Fertoz sees demand growth for organic fertiliser in cannabis market ]]> https://www.proactiveinvestors.com.au/companies/stocktube/9954/fertoz-sees-demand-growth-for-organic-fertiliser-in-cannabis-market-9954.html Thu, 26 Jul 2018 10:37:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/9954/fertoz-sees-demand-growth-for-organic-fertiliser-in-cannabis-market-9954.html <![CDATA[News - Fertoz organic phosphate sales get boost from legalised cannabis growers ]]> https://www.proactiveinvestors.com.au/companies/news/201277/fertoz-organic-phosphate-sales-get-boost-from-legalised-cannabis-growers-201277.html Fertoz Ltd (ASX:FTZ) is advancing North American sales in line with previous forecasts and experiencing an increase in demand for organic phosphate.

This demand growth is being driven by recent legislative changes to the cannabis market.

Fertoz’s ability to meet increasing demand with high-quality product is a key value driver for the company.

Strong results from field trials continue

Fertoz’s executive chairman Pat Avery said: “Our North American trials on various plants are continuing to show good results, with good root and leaf growth, increased disease resistance and increased yields.

“Overall, our growers report healthier looking plants.

“There has been a noticeable increase in interest in our products from cannabis growers, now that the cannabis market in Canada is about to be legalised.”

READ: Fertoz’s organic fertilizer products continue to gain traction with vegetable growers

The company’s North American processing and deliveries are back in full production.

Avery added: “Separate to this good news is that our American processing operations are up and running again at full capacity now that the rain has cleared in Montana.

“Deliveries are on track to boost our revenue line in the 2018 Fall months.”

Fertoz ore being processed in Montana

Mexican partner Krezco to fill supply gaps

To ensure Fertoz has sufficient supplies to meet demand, it has secured additional sources of high-quality organic rock phosphate, leveraging its partnership with phosphate miner and distributor Krezco.

Avery added: “We have been making progress with our Mexican partner, Krezco, to the extent that we are now looking to ramp up production from that operation and feed organic fertilisers into the southern states of the United States.

“We are currently seeking to fill a position of Sales Representative for the region and hope to have that position filled in the near future.

“This will add to our North American sales during the coming Fall and Winter periods.”

Permitting at Fernie phosphate project in Canada

Fertoz is working towards a bulk sample permit for its Fernie phosphate project in Canada.

Avery added: “A field trip last week revealed a logging company that holds timber licenses over our tenements has felled all the trees, improving access to the phosphate deposit.

“We are undertaking an environmental review as the area over our land is a migratory path of eagles and raptors, but the operations planned by Fertoz are unlikely to have any impact on these migrations.”

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Mon, 23 Jul 2018 11:42:00 +1000 https://www.proactiveinvestors.com.au/companies/news/201277/fertoz-organic-phosphate-sales-get-boost-from-legalised-cannabis-growers-201277.html
<![CDATA[Media files - Fertoz 'on track to be largest seller of organic inputs in North America' ]]> https://www.proactiveinvestors.com.au/companies/stocktube/9790/fertoz-on-track-to-be-largest-seller-of-organic-inputs-in-north-america--9790.html Fri, 06 Jul 2018 18:00:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/9790/fertoz-on-track-to-be-largest-seller-of-organic-inputs-in-north-america--9790.html <![CDATA[News - Fertoz’s organic fertilizer products continue to gain traction with vegetable growers ]]> https://www.proactiveinvestors.com.au/companies/news/199741/fertozs-organic-fertilizer-products-continue-to-gain-traction-with-vegetable-growers-199741.html Fertoz Ltd (ASX:FTZ) has appointed Stuart Richardson as a non-executive director with immediate effect, as the company’s operations continue to gain traction with vegetable growers

Richardson is currently a non-executive director of Abundant Produce Ltd (ASX:ABT) and XTD Ltd (ASX:XTD).

Yield improvement of nearly 400%

Farmers are continuing to appreciate the substantial crop size increases enabled by the organic phosphate development company’s products.

Recent field results show an Australian fennel grower’s recent application of FertAg 0-8-0 achieving a yield improvement of nearly 400%.

2.08-kilogram fennel grown with FertAg 0-8-0


Fertoz executive chairman Pat Avery said: “We will add the photo evidence of our product’s impact on Australian fennel crops to our growing collection of successful farm trials in Australia, Canada and the United States of America – this gives us real credibility with farmers.”

Fertoz’s Australian operations continue to improve in terms of sales, number of repeat customers, number of new customers and number of successful trials.

The company’s North American processing and deliveries are picking up again now that rains have eased.

READ: Fertoz raises $2 million as organic farming focus yields solid results

Fertoz achieved a revenue of more than $1.2 million in CY2017 for its FertAg business, representing a year-on-year sales growth of 238% in the twelve months ending 31 December 2017.

The company attributes the substantial increase in sales to a combination of an increase in distribution agreements and amplified interest from environmentally friendly farmers.

FertAg is made from naturally occurring minerals and is not chemically treated; as such, it works with the natural soil chemistry to digest soil acidity while providing minerals in a plant-available form.

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Thu, 28 Jun 2018 14:15:00 +1000 https://www.proactiveinvestors.com.au/companies/news/199741/fertozs-organic-fertilizer-products-continue-to-gain-traction-with-vegetable-growers-199741.html
<![CDATA[News - Fertoz raises $2 million as organic farming focus yields solid results ]]> https://www.proactiveinvestors.com.au/companies/news/194474/fertoz-raises-2-million-as-organic-farming-focus-yields-solid-results-194474.html Fertoz Ltd (ASX:FTZ) has received binding commitments to raise $2 million in an oversubscribed placement of shares to sophisticated and professional investors at 17 cents per share.

The funds raised will provide working capital to help meet the surge in demand for Fertoz products in North America.

Fertoz will also deploy funds to pursue opportunities in enhancing its logistics capability, with scope to boost shareholder value through joint ventures and/or wholly owned vertical integration.

READ: Fertoz sales rise 238% on increasing demand from organic farming sector

Fertoz achieved a revenue of more than $1.2 million in CY2017 for its FertAg business, representing a year-on-year sales growth of 238% in the twelve months ending 31 December 2017.

The company attributes the substantial increase in sales to a combination of an increase in distribution agreements and amplified interest from environmentally friendly farmers.

FertAg is made from naturally occurring minerals and is not chemically treated; as such, it works with the natural soil chemistry to digest soil acidity while providing minerals in a plant-available form.

Annual sales target of 10,000 tonnes in 2018 surpassed

Fertoz executive chairman Pat Avery said: “The success of this oversubscribed capital raise marks clear recognition of the value of Fertoz’s strategy and the company’s ability to execute.

“Fewer than four months into 2018, we have surpassed our annual sales target of 10,000 tonnes of phosphate products.

“These products enjoy a natural competitive advantage in delivering growers higher yields and improved soil health with organic natural inputs.”

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Mon, 09 Apr 2018 14:02:00 +1000 https://www.proactiveinvestors.com.au/companies/news/194474/fertoz-raises-2-million-as-organic-farming-focus-yields-solid-results-194474.html
<![CDATA[News - Fertoz sales rise 238% on increasing demand from organic farming sector ]]> https://www.proactiveinvestors.com.au/companies/news/192731/fertoz-sales-rise-238-on-increasing-demand-from-organic-farming-sector-192731.html Fertoz Ltd (ASX:FTZ) has achieved a revenue of more than $1.2 million in CY2017 for its FertAg business, representing a year-on-year sales growth of 238% in the twelve months ending 31 December 2017.

The company attributes the substantial increase in sales to a combination of an increase in distribution agreements and amplified interest from environmentally friendly farmers.

FertAg is made from naturally occurring minerals and is not chemically treated; as such, it works with the natural soil chemistry to digest soil acidity while providing minerals in a plant-available form.

Organic farming certification driving sales

Certification of FertAg 0-8-0 as an allowable input in organic agriculture by Australian Organic in July 2017 has driven sales within the organic farming sector, particularly organic dairy farmers.

Furthermore, several new distribution agreements were signed in 2017, most notably in New South Wales where the company achieved sales growth of circa  500% in CY17.

Distribution footprint growing across Australia

Fertoz is seeing demand continuing to grow following recent exposure of its products at events including Commonwealth Bank AgQuip, Australia’s largest agricultural field day.

The company also attended ProAg, a signature agricultural show for the New South Wales mid-north coast.

Fertoz attended these events alongside major distributors TNN Australia and NORCO. The company’s product suite is now available from all major fertiliser distributors across Australia.

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Wed, 07 Mar 2018 15:14:00 +1100 https://www.proactiveinvestors.com.au/companies/news/192731/fertoz-sales-rise-238-on-increasing-demand-from-organic-farming-sector-192731.html
<![CDATA[News - Fertoz Ltd ready to progress phosphate projects after capital raise ]]> https://www.proactiveinvestors.com.au/companies/news/166795/fertoz-ltd-ready-to-progress-phosphate-projects-after-capital-raise-71307.html Fertoz Ltd (ASX:FTZ) has completed the second tranche of a $4.35 million private placement of ordinary shares at $0.14 each, to advance its British Columbia phosphate projects.

The participating investors were also issued one attaching unlisted option for every two shares issued.

The options provide the right to buy one ordinary share within 24 months at an exercise price of $0.18 per share.

Fertoz is positioning its mining operations in British Columbia, Canada to deliver into the fast-growing organic agriculture market in North America.

The company has signed a non-binding agreement for the sale of 2,000 tonnes of phosphate rock per year for 3 years, subject to the satisfactory performance of a farm trial which is currently underway.

This adds to the 2,000 tonne contracted sale announced in February 2016 and places Fertoz on track to reach its 10,000 tonnes sales target by end of 2016.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 03 Oct 2016 07:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/166795/fertoz-ltd-ready-to-progress-phosphate-projects-after-capital-raise-71307.html
<![CDATA[News - Fertoz Ltd to outline bookbuild ]]> https://www.proactiveinvestors.com.au/companies/news/136025/fertoz-ltd-to-outline-bookbuild-70116.html Fertoz Ltd (ASX:FTZ) has been granted a trading halt by the ASX, to finalise a book build in relation to a private placement capital raising.

The halt will remain in place until the opening of trade on Tuesday 2nd August 2016, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 29 Jul 2016 12:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/136025/fertoz-ltd-to-outline-bookbuild-70116.html
<![CDATA[News - Fertoz Ltd begins rock phosphate production in Canada ]]> https://www.proactiveinvestors.com.au/companies/news/136024/fertoz-ltd-begins-rock-phosphate-production-in-canada-68205.html Fertoz Ltd (ASX:FTZ) is on the path to earn returns from the Fernie phosphate project in British Columbia, Canada, by processing the first batch of direct application rock phosphate.

The company processed approximately 990 tonnes of rock phosphate through a hired crusher and pulverizer, producing a 90% powdered product, which is now available for sale and for additional field trials in British Columbia and Alberta.

The extraction of a further 2,000 tonnes of material from Fernie is still on track for the third quarter of this year, in order to process it and meet the sales agreement with a fertilizer manufacturer.

The high availability of equipment for rent has decreased Fertoz’s capex and is expected to improve an already robust IRR.

Fertoz is re-working the scoping study based on hiring crushing equipment for limited periods of time in order to crush phosphate rock in batches, thereby matching production runs with expected sales.

This should significantly reduce the expenditure at the company’s two direct application rock phosphate projects at Wapiti and Fernie.

Several customers have been provided with samples for testing and a number of potential users have been awaiting the crush to secure the product for blending, spreading or farm trials.

Although the company is focused on the organic farming market, conventional farmers are also potential users of direct application rock phosphate.

 

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Thu, 21 Apr 2016 15:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/136024/fertoz-ltd-begins-rock-phosphate-production-in-canada-68205.html
<![CDATA[News - Fertoz Ltd expands rock phosphate supply options in British Columbia ]]> https://www.proactiveinvestors.com.au/companies/news/136023/fertoz-ltd-expands-rock-phosphate-supply-options-in-british-columbia-67875.html Fertoz Ltd (ASX:FTZ) secured 2,453 hectares of land prospective for direct application phosphate at Mt Lyne, in the Elko region of British Columbia, Canada, which will form part of the company’s Fernie phosphate project.

Historical exploration reports covering Mt Lyne suggest the property is highly prospective for rock phosphate grades that are similar to the company’s existing Crowsnest/Marten/Barnes Lake properties.

The Mt. Lyne property was granted to Fertoz upon application to the British Columbia Department of Energy and Mines and potentially expands on the company’s existing direct application rock phosphate supply options.

Mt Lyne is 15 kilometres north of the Company’s 100% owned Crowsnest.

Mt Lyne increases Fertoz’s land position in the Fernie project, which is well serviced with road and rail infrastructure to agricultural areas in Canada and the USA.

When added to the Fertoz’s existing Fernie project, the potential strike length of the phosphate-bearing horizon within the company’s tenements now exceeds 25 kilometres.

The south-eastern region of British Columbia is near numerous fertiliser manufacturers and users, including large farming operations in Alberta, Oregon, Washington State, Montana and Idaho.

 

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Tue, 05 Apr 2016 17:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/136023/fertoz-ltd-expands-rock-phosphate-supply-options-in-british-columbia-67875.html
<![CDATA[News - Fertoz gets set for rock phosphate sales in North America ]]> https://www.proactiveinvestors.com.au/companies/news/136022/fertoz-gets-set-for-rock-phosphate-sales-in-north-america-67186.html Fertoz (ASX:FTZ) has established marketing channels and agricultural networks through a partnership with an experienced sales and marketing group – an agreement which reinforces the company's 2016 target to sell 10,000 tonnes of direct application rock phosphate.

The independent team provides Fertoz with immediate access to existing marketing channels and networks and will concentrate on the marketing, sale and distribution of the company's organic phosphate products in North America.

Sales will be initiated from the Wapiti and Fernie phosphate projects in British Columbia, Canada, which are ready to supply the market and expand as demand grows.

Phosphate rock is listed as an acceptable product to the organic markets and Fertoz's product has already been used on organic farms in trials.

However organic certification can add value from a marketing perspective, so the marketing team will assist with validating Fertoz's products through field and laboratory testing, trials and certification.

The team is led by Lawrence Klusa and Sean Gatin both of whom have extensive experience in the agricultural business.

The team will work with Fertoz's management and directors on setting up the most appropriate commercial strategies as the company ramps up production in the coming months.

The partnership is a positive one as it has been Fertoz’s priority to work with an experienced agronomy, sales and marketing team that could also bring knowledge of and relationships in the industry.

This is a key to move Fertoz forward by proving out the value and use of rock phosphate, as well as to reach first sales in 2016.

There are thousands of organic farmers in Canada and the United States, and many conventional farmers are noticing the increased returns being achieved by organic farmers.

In 2015, the Organic Growers of Canada released data showing the increased profits from organic farming across the different soils of Canada.
 
Klusa and Gatin have highlighted the opportunities available to Fertoz through certification and more formal trials. So far, Fertoz has engaged in wheat farm trials of rock phosphate mixed with other nutrients, as requested by farmers.

Results have been encouraging, but more formal greenhouse trials with larger commercial farmer trials are expected to result in increased sales, particularly in larger organic farms and in conventional farms looking for more environmentally friendly fertiliser products.



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Thu, 25 Feb 2016 10:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/136022/fertoz-gets-set-for-rock-phosphate-sales-in-north-america-67186.html
<![CDATA[News - Fertoz cashes up as phosphate plans progress ]]> https://www.proactiveinvestors.com.au/companies/news/136021/fertoz-cashes-up-as-phosphate-plans-progress-66154.html Fertoz (ASX:FTZ) has tallied A$1.8 million in recent capital raisings to support its North American phosphate operations after completing an entitlement offer and a placement  at A$0.15 per share.

The funds will be used to advance the company’s recently announced production strategy including the acquisition or leasing of equipment and services to facilitate the production of direct application phosphate for organic and conventional farmers.

Specifically, this support is expected to allow Fertiz to advance its Wapiti project in Canada, which has recently yielded impressive Scoping Study results including a C$20 million net present value.

Wapiti has been estimated to have an internal rate of return of more than 80% based on development capital of less than C$3 million, much of which can be funded from cashflows once an initial crusher and sieve are in place and sales are being generated.

Less than C$500,000 is required in the first year of development.

A significant portion of Wapiti remains under or unexplored, and given the drilling results to date, the project is expected to host a long-life quarry-type operation servicing local farmers. 

The company’s other project at Fernie, ideally situated to service both Canadian and U.S. farmers, already has approval for a bulk sample, with 1,000 tonnes having been transported to a major local farming establishment for further production (crushing/screening) and trials.


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Mon, 14 Dec 2015 15:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/136021/fertoz-cashes-up-as-phosphate-plans-progress-66154.html
<![CDATA[News - Fertoz to ply phosphate products in Australia in joint venture ]]> https://www.proactiveinvestors.com.au/companies/news/136020/fertoz-to-ply-phosphate-products-in-australia-in-joint-venture-60572.html Phosphate developer Fertoz (ASX:FTZ) has signed an agreement with an agribusiness to market phosphate products in Australia in a joint venture with Vast Resources Pty Ltd.

With the agreement, the JV known as FertAg will gain access to more than 400 retail agricultural stores across Australia.

A total of 800 tonnes of FertAg product was imported for sale in February and March.

The joint venture in Australia will distribute fused calcium magnesium silicate phosphate products to counter the acidic soils across much of Australia’s key farming regions.

The product is insoluble in water and does not leach into waterways and around 95% of the P is readily available to plants.

 

 

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Mon, 09 Feb 2015 11:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/136020/fertoz-to-ply-phosphate-products-in-australia-in-joint-venture-60572.html
<![CDATA[News - Fertoz looks to initial mining of 75,000t rock phosphate in British Columbia ]]> https://www.proactiveinvestors.com.au/companies/news/136019/fertoz-looks-to-initial-mining-of-75000t-rock-phosphate-in-british-columbia--58852.html Fertoz Limited (ASX:FTZ) has submitted a Small Mine Application to the B.C. Ministry of Mines to extract up to 75,000 tonnes per annum of phosphate rock from its Wapiti project in British Columbia, Canada.

Ultimately, the rock phosphate from Wapiti will be marketed and sold to organic and non-organic farmers in local areas.

The recent Wapiti bulk sample collection carried out blasting trials and confirmed the proposed mining method.

This, along with strong interest in Wapiti rock phosphate from farmers, prompted the submission of a small mine application with the BC Ministry of Mines.

Fertoz collected 1,200 tonnes of sample rock to date for processing over the winter months by Eggers Soil Solutions in Alberta.

Fertoz expects approval for a small mine at Wapiti by the end of next year. In the meantime it can proceed with bulk sample collection of a total of 27,500 tonnes of rock phosphate consisting of 17,500 tonnes at Wapiti and 10,000 tonnes at Fernie.

Included in the application is a submission to build a 3.4 kilometre access road to the south of the property.

It is planned that 40 tonne trucks would take product directly from site to the processing plant, connecting to existing forestry roads and using existing bridges over creeks.

In August, Fertoz announced a maiden Inferred Resource estimate Wapiti of 1.54 Mt at 21.6% phosphate at a 7% cut-off), calculated to a depth of 30 metres along a strike length of 12.5 kilometres.

Sales of rock phosphate commenced in October.

Wapiti is ideally located close to the major farming regions of eastern British Columbia and Western Alberta.

Farms in these areas are a mixture of broad-acre and intensive agricultural operations, with numerous third-party distribution points.

Fertoz is aiming to have Wapiti rock phosphate as a feedstock for these third-party distributors so that farmers across British Columbia and Alberta can access Wapiti rock phosphate directly or via third-party agents.

Natures Way Farms was recently appointed as the first agent to on-sell Fertoz rock phosphate as well as investigate mixing Wapiti rock phosphate with other products that provide additional soil nutritional balance.

Fertoz expects to appoint a number of marketing agents located in both Canada and the USA to generate demand for Fertoz rock phosphate and to develop high value products.


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Tue, 11 Nov 2014 13:15:00 +1100 https://www.proactiveinvestors.com.au/companies/news/136019/fertoz-looks-to-initial-mining-of-75000t-rock-phosphate-in-british-columbia--58852.html
<![CDATA[News - Fertoz ramps up marketing for its Wapiti rock phosphate, Canada ]]> https://www.proactiveinvestors.com.au/companies/news/136018/fertoz-ramps-up-marketing-for-its-wapiti-rock-phosphate-canada-58160.html Fertoz (ASX:FTZ) has signed a marketing and distribution agreement with Natures Way Farm to sell rock phosphate from the its Wapiti Project in British Columbia, Canada.

Natures Way is an organic fertilizer company headed by agronomist Peter Lundgard. It sells compost, calcium carbonate and rock phosphate, and mainly services the Peace River and Grand Prairie agricultural regions of north-western Alberta.

The agreement follows Fertoz’s first sale of phosphate rock – 28 tonnes of 20% P2O5 ground phosphate rock sold for C$200 per tonne – and the appointment of a processor for Wapiti rock in the Grand Prairie region announced last week.

Fertoz expects to appoint a number of marketing agents in both western and eastern Canada. The role of the marketing and distribution agent is to generate demand for Wapiti rock phosphate and to develop high value products.

The market opportunity for Fertoz’s rock phosphate products has been caused by the ineffectiveness of conventional phosphate fertilizers when used on the acidic soils of Western Canada.

Alberta has 1 million acres of farming land with strongly acidic soils and 4.5 million acres of farming land with moderately acid soils.

Fertoz's Wapiti project is ideally located close to major farming regions with numerous third-party distribution points.

Natures Way Farms is the first agent to be appointed to on-sell Wapiti rock phosphate as well as investigate mixing Wapiti rock phosphate with other products that provide additional soil nutritional balance.

The Wapiti Project totals an area of 18,070 hectares and is easily accessible by sealed roads, with has rail access within 80 kilometres.

It has a JORC Inferred Resource of 1.54 million tonnes at 21.6% P2O5.

Previous work indicates a consistent and continuous at-surface phosphate-bearing horizon which has a potential strike length of up to 39 kilometres.

 

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Tue, 14 Oct 2014 13:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/136018/fertoz-ramps-up-marketing-for-its-wapiti-rock-phosphate-canada-58160.html
<![CDATA[News - Fertoz to supply U.S. agricultural phosphate market from Wapiti East ]]> https://www.proactiveinvestors.com.au/companies/news/136017/fertoz-to-supply-us-agricultural-phosphate-market-from-wapiti-east-55161.html Fertoz (ASX:FTZ) has received approval for a bulk sample phosphate, increased from 9,500 tonnes to 17,500 tonnes, at Wapiti East for sale to the North American agricultural market.

Phosphate sales from bulk sample material remain on track for 2014, and bulk sample collection of phosphate rock is to start in June 2014 quarter.

Farm trials to start as soon as product is available. Fertoz is also progressing a small mine application of up to 75,000 tonnes per annum.

The company is now planning to increase the total bulk sample to 20,000 tonnes.

Two organic farmers will be undertaking farm trials from Wapiti phosphate and will be responsible for freight and rock phosphate processing.

Laboratory test results on Wapiti phosphate revealed very high phosphate availability, 10% compared with many other organic fertilisers that have availability as low as 3%.

In addition, the Wapiti phosphate contained important secondary and tertiary minerals required for good plant growth making it suitable for North American organic markets.

Fertoz has now commenced discussions with potential marketing agents and distributors, with the aim of appointing one in 2014.

The USA and Canada combined account for 48% of the world’s organic market.

In order to retain organic certification and receive the high prices consumers are prepared to pay for organically grown produce, and organic farmers cannot use chemically beneficiated phosphates.

This has led to an increase in the demand for organic fertilisers, which Fertoz is ideally placed to supply.

 

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Fri, 23 May 2014 11:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/136017/fertoz-to-supply-us-agricultural-phosphate-market-from-wapiti-east-55161.html
<![CDATA[News - Fertoz increases Wapiti East phosphate zone to 39km in British Columbia, Canada ]]> https://www.proactiveinvestors.com.au/companies/news/136016/fertoz-increases-wapiti-east-phosphate-zone-to-39km-in-british-columbia-canada-54283.html Fertoz Limited (ASX: FTZ) has increased its phosphate tenement holding at its flagship Wapiti East Project in British Columbia, Canada.

Laboratory results show Wapiti to have high available phosphate when compared to similar organic fertilizers, and Fertoz now has farmers seeking to test it on their farms.

This positive response to Wapiti phosphate has prompted Fertoz to extend its land holding to the south-east where the geology is similar, increasing the expected size of the phosphate resource.

Fertoz is focused on small, high-grade resources in the Americas that can be commercialised quickly and inexpensively with high-grade product sold to organic farmers or third-party fertilizer plants.

The new tenements extend the potential phosphate horizon by 12 kilometres to 39 kilometres and increase the prospective area to 110 square kilometres.

The phosphate potential of the new tenements was investigated by Pacific Ridge Exploration in 2008. Shallow trenching samples produced results of 15% to 21% phosphate up to 2 metres wide.

Recent meetings between Fertoz and organic farmers in Canada have highlighted the huge potential for organic fertilisers and organic phosphate in the Americas.

According to research completed by the International Federation of Organic Agriculture Movements in February 2014, the U.S. organics market is the largest in the world, and Canada is the fourth largest.

U.S. organic food sales experienced double digit growth to reach US$29 Billion in Sales in 2012 according to the Organic Trade Association survey.

Fertoz is in discussion with potential marketing agents, and has started on a small scale mining lease application which will include mine plan studies.

The Company is also reviewing a number of phosphate product options, such as bulk, pelletized and bagged phosphate, with the aim of supplying the US and Canadian organic markets in 2014.

 

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Fri, 11 Apr 2014 13:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/136016/fertoz-increases-wapiti-east-phosphate-zone-to-39km-in-british-columbia-canada-54283.html
<![CDATA[News - Fertoz Limited shares double since IPO, Canadian phosphate focus ]]> https://www.proactiveinvestors.com.au/companies/news/136015/fertoz-limited-shares-double-since-ipo-canadian-phosphate-focus-50463.html Canadian phosphate play Fertoz Limited (ASX: FTZ) has been a shining light in 2013 among the new listings on the ASX, which has been a difficult year for Initial Public Offerings (IPO) in attracting funding.

Highlighting the difficulty, many IPO's have been pulled due to not being able to garner enough investment interest.

Fertoz has bucked this trend though, with the stock currently trading at around $0.40, which is double the IPO price of $0.20.

The company only listed a couple of months ago at the start of September, with its shares having traded as high as $0.67.

Earlier in the week Fertoz mapped a consistent and continuous phosphate-bearing horizon over a strike length of 17 kilometres from drilling at its Wapiti East project in British Columbia.

Upside at the project exists with the company noting the potential strike length could be up to 27 kilometres based on past results.

The company has submitted a permit application to collect up to 6,000 tonne bulk sample in first quarter 2014 for farm trials and customer sales.

What adds to the project is its proximity to infrastructure, including an all important rail transport corridor that traverse Canada and into the U.S., the largest agricultural market in the world.

Fertoz focus is to define smaller resources that can be commercialised quickly with low capital expenditure, of which Wapiti East is one example, to generate cash flow.

 

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Fri, 22 Nov 2013 17:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/136015/fertoz-limited-shares-double-since-ipo-canadian-phosphate-focus-50463.html
<![CDATA[News - Fertoz Limited maps out phosphate horizon over 17 kilometres in British Columbia ]]> https://www.proactiveinvestors.com.au/companies/news/136014/fertoz-limited-maps-out-phosphate-horizon-over-17-kilometres-in-british-columbia-50322.html Fertoz Limited (ASX: FTZ) has mapped a consistent and continuous phosphate-bearing horizon over a strike length of 17 kilometres from drilling at its Wapiti East project in British Columbia, Canada.

Wapiti East is close to rail transport corridors that traverse Canada and into the U.S., the largest agricultural market in the world.

The company had drilled 62 holes totalling 2,098 metres, confirming a mineralised zone that was relatively uniform and regular in orientation along the East and West Limbs with grades ranging from 13% and 27% P2O5.

It also collected a two-tonne bulk sample with preliminary assays showing low impurity level and high phosphate (P2O5) grade.

Upside exists with the company noting the potential strike length could be up to 27 kilometres based on past results.

The company has submitted a permit application to collect up to 6,000 tonne bulk sample in first quarter 2014 for farm trials and customer sales.

Its strategy is to define smaller resources that can be commercialised quickly with low capital expenditure, of which Wapiti East is one example, to generate cash flow.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 19 Nov 2013 14:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/136014/fertoz-limited-maps-out-phosphate-horizon-over-17-kilometres-in-british-columbia-50322.html
<![CDATA[News - Fertoz Limited increases phosphate acreage in British Columbia ]]> https://www.proactiveinvestors.com.au/companies/news/136013/fertoz-limited-increases-phosphate-acreage-in-british-columbia-49713.html Fertoz Limited (ASX: FTZ) has doubled the prospective phosphate area it owns in the Barnes Lake Project, British Columbia, after it was granted the 629 hectare tenement 1020873.
   
The new tenement surrounds its existing tenement 1011319 could contain extensions of the mineralised zone.

A recent site visit to complete preliminary exploration in preparation for a planned trenching and drilling program in 2014 had located historical drill holes from previous work carried out in 1968 and 1978 where phosphate was found within 10 meters of the surface.

The existing claim holdings were extended to include these drill holes and extend the mineralised zone.

Previous intermittent exploration of the Barnes Lake area has highlighted the presence of widespread, shallow phosphate-bearing sediments associated with the base of the Jurassic aged Fernie Formation with grades in excess of 30% P2O5.

Barnes Lake is also close the East Kootenay Coalfields and the established mining communities of Fernie and Sparwood, providing it with a ready source of labour and business/government facilities.

It also has access to strong transportation infrastructure with road and rail links to ports on Canada’s west coast as well as regional centres in Alberta and the north-western United States.

 

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Thu, 31 Oct 2013 15:40:00 +1100 https://www.proactiveinvestors.com.au/companies/news/136013/fertoz-limited-increases-phosphate-acreage-in-british-columbia-49713.html
<![CDATA[News - Fertoz Limited is a three-bagger since listing, Canadian phosphate focus ]]> https://www.proactiveinvestors.com.au/companies/news/136012/fertoz-limited-is-a-three-bagger-since-listing-canadian-phosphate-focus-48272.html Fertoz Limited (ASX: FTZ) has more than tripled its $0.20 IPO price in the first weeks of trading on the Australian Stock Exchange.

The company is now one of the best performing new listings in recent memory, with investors supporting the focus on Canadian phosphate.

The company's shares closed 3.2% higher yesterday at $0.62, an all-time-high, on volume of 875,000 traded.

Fertoz aims to transition to a fertiliser producer initially supplying Canadian and U.S. markets, and will start its journey evaluating its exploration tenements.

These tenements include Wapiti, Barnes Lake and Crows Nest in Canada, with the company targeting any potential direct shipping ore projects with 24% to 28% phosphate rock, which is capable of generating early cash flow with relatively low capital costs.

Wapiti East is the company’s flagship project, and is proximate to transport and infrastructure associated with the coal mines at Tumbler Ridge.

 

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Fri, 20 Sep 2013 09:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/136012/fertoz-limited-is-a-three-bagger-since-listing-canadian-phosphate-focus-48272.html
<![CDATA[News - Fertoz Limited's Canadian phosphate exposure continues to attract investors ]]> https://www.proactiveinvestors.com.au/companies/news/136011/fertoz-limiteds-canadian-phosphate-exposure-continues-to-attract-investors-47506.html Fertoz Limited (ASX: FTZ) celebrated its first full-day of public life yesterday by gaining 3.3% to $0.31, which when added to Monday's 50% plus gain - makes the company one of the best performing IPO's in recent memory.

While there are 'green shoots' now appearing in the small-mid cap. mining sectors, FTZ managed to raise $4 million through the prospectus in recent months during a time of very difficult capital markets.

Fertoz is a phosphate play with a Canadian flavour, and will move into the evaluation phase of its exploration tenements.

These tenements include Wapiti, Barnes Lake and Crows Nest in Canada, with the company targeting any potential direct shipping ore projects with 24% to 28% phosphate rock, which is capable of generating early cash flow with relatively low capital costs.

Wapiti East is the company’s flagship project, and is proximate to transport and infrastructure associated with the coal mines at Tumbler Ridge.

 

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Wed, 04 Sep 2013 08:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/136011/fertoz-limiteds-canadian-phosphate-exposure-continues-to-attract-investors-47506.html
<![CDATA[News - Fertoz Limited soars 52.5% on debut as investors embrace Canadian phosphate focus ]]> https://www.proactiveinvestors.com.au/companies/news/136010/fertoz-limited-soars-525-on-debut-as-investors-embrace-canadian-phosphate-focus-47445.html Fertoz Limited (ASX: FTZ) may very well be the best performing IPO of the year, with the company trading at a 52.5% premium in its first hours of public life - on solid volume of nearly 500,000 shares.

Fertoz opened at $0.27 before spiking to $0.32, and last traded at $0.305 in intra-day afternoon trade.

The company raised $4 million in the recent IPO after issuing 20 million shares at $0.20, and raising this level of capital in the current markets is an achievement in itself.

The brisk trade in the company highlights the investor support they have for the Fertoz focus, which is to transition to a fertilizer producer initially supplying Canadian and U.S. markets, and will start its journey evaluating its exploration tenements.

These tenements include Wapiti, Barnes Lake and Crows Nest in Canada, with the company targeting any potential direct shipping ore projects with 24% to 28% phosphate rock, which is capable of generating early cash flow with relatively low capital costs.

Wapiti East is the company’s flagship project, and is proximate to transport and infrastructure associated with the coal mines at Tumbler Ridge.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 02 Sep 2013 15:50:00 +1000 https://www.proactiveinvestors.com.au/companies/news/136010/fertoz-limited-soars-525-on-debut-as-investors-embrace-canadian-phosphate-focus-47445.html
<![CDATA[News - Fertoz Limited is Australia's newest public company, Canadian phosphate focus ]]> https://www.proactiveinvestors.com.au/companies/news/136009/fertoz-limited-is-australias-newest-public-company-canadian-phosphate-focus-47388.html Fertoz Limited (ASX: FTZ) is set to debut on the Australian Stock Exchange on Monday 2nd September at 11:00am EST, following being admitted to the ASX.

When the company first trades it will have around 37.3 million fully paid ordinary shares on issue. The IPO raised $4 million after issuing 20 million shares at $0.20.

Raising this level of capital in the current markets is an achievement in itself - and a major vote of confidence in the company's operations and management - with few IPO's making the successful transition to publically listed companies in recent times.

Fertoz's ultimate goal is to transition to a fertilizer producer initially supplying Canadian and U.S. markets, and will start its journey evaluating its exploration tenements.

These tenements include Wapiti, Barnes Lake and Crows Nest in Canada, with the company targeting any potential direct shipping ore projects with 24% to 28% phosphate rock, which is capable of generating early cash flow with relatively low capital costs.

Wapiti East is the company’s flagship project, and is proximate to transport and infrastructure associated with the coal mines at Tumbler Ridge.

The company’s two year exploration budget is focused on minimising expenditure on Australian exploration assets, while developing its exploration assets in Canada

Fertoz will also pursue the joint venture of its early stage Australian exploration projects with prospective partners.

In total Fertoz holds around 3730 square kilometres of exploration tenements across Canada and Australia.

 

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Fri, 30 Aug 2013 15:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/136009/fertoz-limited-is-australias-newest-public-company-canadian-phosphate-focus-47388.html
<![CDATA[News - Fertoz Limited to bring Canadian phosphate exposure to the ASX ]]> https://www.proactiveinvestors.com.au/companies/news/136008/fertoz-limited-to-bring-canadian-phosphate-exposure-to-the-asx-46416.html Fertoz Limited (Proposed ASX: FTZ) is targeting phosphate in Canada, with the company seeking to list on the Australian Stock Exchange through an IPO.

The company's prospectus dated 16th July 2013 is offering 15 million shares at $0.20 to raise $3 million, with oversubscriptions allowed for an additional $1 million. The offer is currently set to remain open to the 16th August 2013.

Fertoz's ultimate goal is to transition to a fertilizer producer initially supplying Canadian and U.S. markets, and will start its journey evaluating its exploration tenements.

These tenements include Wapiti, Barnes Lake and Crows Nest in Canada, with the company targeting any potential direct shipping ore projects with 24% to 28% phosphate rock, which is capable of generating early cash flow with relatively low capital costs.

Wapiti East is the company’s flagship project, and is proximate to transport and infrastructure associated with the coal mines at Tumbler Ridge.

The company’s two year exploration budget is focused on minimizing expenditure on Australian exploration assets, while developing its exploration assets in Canada

Fertoz will also pursue the joint venture of its early stage Australian exploration projects with prospective partners to provide funding for exploration and development, in return for an equity interest in the relevant Australian project.

The company has outlined that it intends to target acquiring exploration tenements that are prospective for phosphate, JORC Resources and near-production deposits in strategically located regions in low sovereign risk environments such as Canada, U.S., Brazil and Australia.

In total Fertoz holds around 3730 square kilometres of exploration tenements across Canada and Australia.

 

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Tue, 06 Aug 2013 16:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/136008/fertoz-limited-to-bring-canadian-phosphate-exposure-to-the-asx-46416.html