Minbos Secures A$28M Financing, Targets H1 2026 for First Phosphate Shipments

Strategic Progress in Phosphate Mining

Minbos Resources is making significant strides in developing its flagship Cabinda Phosphate Project located in Angola’s exclave province of Cabinda. With an 8 million tonne phosphate resource grading 30% P2O5, the project is now in the construction phase, backed by substantial investment from the Angolan Sovereign Wealth Fund and credit-approved term sheets from local financial institutions IDC and Banco BAI. The project benefits from proximity to the Porto do Caio deepwater port, designed to handle large shipments and targeting first exports in the first half of 2026.

This phosphate resource is notable for its high grade and reactivity, positioning Minbos to supply both export markets and local agricultural sectors. The company’s strategy includes leveraging export sales to generate scale and US dollar revenues while capturing a premium in African inland markets through local sales. Letters of intent with distributors and food aggregators underscore growing demand for phosphate-based fertilizers in the region.

Innovating with Green Ammonia

Alongside phosphate mining, Minbos is advancing the Capanda Green Ammonia Project in Malange province, aligning with Angola’s focus on agricultural infrastructure. The project has secured a memorandum of understanding for 200MW of hydroelectric power at a highly competitive rate, ensuring sustainable and low-cost energy for ammonia production. Partnering with TalusAg, a leader in modular ammonia technology, Minbos aims to produce green ammonia for export to Europe and supply nitrogen products to local and regional agricultural and mining markets.

The modular, containerized ammonia production systems offer flexibility and scalability, reducing reliance on complex supply chains and enabling rapid deployment. This innovation aligns with global trends toward decarbonizing fertilizer production and meeting increasing demand for sustainable agricultural inputs.

Market Positioning and Local Impact

Minbos is not only targeting export markets but also focusing on social impact through agriculture development in Angola. The company’s vision to "Make Agriculture Bigger Than Oil" reflects ambitions to increase yields and economic value for millions of smallholder farmers and commercial producers. Field trials across Angola and Congo Brazzaville demonstrate the effectiveness of phosphate-based fertilizers, supporting the company’s growth strategy.

Further, Minbos has established a non-binding agreement with FertiAfrica to produce NPK granules using Cabinda phosphate rock at a granulation plant in Benguela, enhancing local fertilizer manufacturing capabilities. This integration supports regional food security and economic diversification, critical for Angola’s development.

Funding and Execution Strategy

The company’s staged approach to production and funding aims to mitigate risks and accelerate revenue generation. An accelerated production phase will commence with high-moisture, uncrushed phosphate rock shipments, deferring capital-intensive crushing and drying equipment installation. Full factory implementation is planned once financing is fully drawn, supported by approved credit facilities totaling A$28 million from IDC and Banco BAI.

Minbos’ management team brings extensive experience in mining, agriculture, and finance, positioning the company well to navigate operational challenges and capitalize on market opportunities. The combination of strategic partnerships, government alignment, and innovative technology underpins a compelling growth narrative.