On 30 October, 2025, PhosCo Ltd (“PhosCo”), an Australian mining company listed on the ASX, announced that the European Bank for Reconstruction and Development (the “EBRD”) had awarded PhosCo a grant of €1 million to accelerate PhosCo’s Gasaat Phosphate Project in Tunisia.
In parallel, PhosCo and the EBRD formalised arrangements for the proposed issue by PhosCo of 150 million options (“Options”) to EBRD, to be issued in two tranches with the second tranche being subject to shareholder approval.
Fasken advised the EBRD on the proposed issue of the Options, including settling the documentation in respect thereof, with a team comprised of Jodi Katz and Lucinda Patrick-Patel.
Jurisdictions
- England and Wales
- Australia
