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Funds raised are to be used to progress the Cabinda Fertilizer Project, export partnership opportunities, progressing Lobito distribution hub studies, green ammonia feasibility and partnership progression and general corporate working capital.
The loans under the facility will be issued at a price equal to 99% of their face value and bear interest at SOFR plus 4.0%, with closing expected before the end of the year.
The acquisition, effective 1 January 2025, brings together two family-founded businesses that excel in agricultural innovation and share a commitment to farmer success.
The proceeds will be used to advance Fox River’s Martison Phosphate Project in Ontario, Canada.
The company also provides an update on its position with respect to its assets and investments in Morocco.
The fertilizer industry is taking decisive action to address global water security challenges while ensuring sustainable agricultural production.
This is the essential event for professionals across the fertilizer industry who are seeking to shape the future of sustainable agriculture.
The announcement was made at the Green Ammonia Summit in Morris, Minnesota, US.
New Nitrogen-fixing seed treatment extends shelf-life to 2+ years in package/warehouse, plus additional years life on seed, increases yield with reduced fertilizer on multiple crops, and comes in easy-to-use product formats.
Clean energy solutions provider Gentari, through its subsidiary Gentari Renewables India Castor One Private Ltd and AM Green Ammonia India Private Ltd (AMG Ammonia) have recently executed a firm and binding Power Purchase Agreement.
The first in Brazil, Yara now produces ammonia made from renewable biomethane and has already delivered the first tonnes of lower carbon product to its customers.
This funding, with existing commitments from a dedicated long-term shareholder and new investors, including Manitoba-based farmers, will allow the company to complete the final phase of pressure vessel certification, secure third-party engineering certifications, and move forward with the final step: connecting the system to Manitoba's green grid.