- Chatham Rock Phosphate Limited (NZP) acknowledges the Supreme Court of New Zealand’s decision in respect to the Trans Tasman Resources (TTR) application
- Chatham will reapply for a Marine Consent as soon as the company is sufficiently funded to commence the process
- Chatham’s goal is to be an environmentally sensitive and ethical supplier of cadmium phosphate to the global agricultural sector
- Chatham is growing to meet the global demand for direct application fertilizer from organic farmers with low cadmium projects in New Zealand and French Polynesia
- Chatham Rock Phosphate Limited (NZP) opened trading at C$0.11 per share
Chatham Rock Phosphate Limited (NZP) acknowledges the Supreme Court of New Zealand’s decision in respect to the Trans Tasman Resources (TTR) application.
The TTR application is for consent to mine up to 50 million tonnes of vanadium-rich sand a year about 20 kilometres off the West Coast of the North Island.
The court’s decision makes it easier for Chatham to reapply for a Marine Consent to recover low cadmium, organic rock phosphate from the Chatham Rise, off the east coast of the South Island.
Chatham will reapply for a Marine Consent as soon as the company is sufficiently funded to commence the process. Funding is expected to be sourced either from a cornerstone investor, from operating cash flows generated by Avenir Makatea, the onshore phosphate project Chatham recently acquired in French Polynesia, or other potential phosphate mine acquisitions.
Chatham’s goal is to be an environmentally sensitive and ethical supplier of cadmium phosphate to the global agricultural sector.
Chatham is growing to meet the global demand for direct application fertilizer from organic farmers with low cadmium projects in New Zealand and French Polynesia and prospective phosphate mines in Australia and Canada.
Chatham Rock Phosphate Limited (NZP) opened trading at C$0.11 per share.