Aguia Resources Raises $3 Million to Propel Tres Estradas Phosphate and Colombian Gold Projects

Capital Raise Details and Investor Support

On 22 July 2026, Aguia Resources announced binding commitments for a $3 million placement, securing strong support from institutional and sophisticated investors. The capital raise involved issuing 176,488,354 fully paid ordinary shares at $0.017 each under ASX Listing Rule 7.1 placement capacity. This placement highlights investor confidence in Aguia's multi-commodity strategy and South American growth plans.

The $0.017 issue price represents a 10.5% discount to the last sale price of $0.019 on 17 July 2026, the last trading day before the announcement. Settlement is scheduled for Monday, 27 July 2026. Far East Capital Limited served as placement manager. Additionally, Director Ben Jarvis committed to subscribing for 1 million shares, subject to shareholder approval at the next Annual General Meeting.

Advancing Tres Estradas Phosphate Project in Brazil

A significant portion of the capital will be directed to advancing production at the Tres Estradas phosphate project in Rio Grande do Sul, Brazil. As a pre-production asset, Tres Estradas is central to Aguia's strategy to establish phosphate production in South America. The company has an experienced local team based in Porto Alegre overseeing development and operations. Phosphate is essential for fertiliser manufacturing, positioning Aguia to meet global agricultural input demand.

This capital raise supports Aguia's transition of Tres Estradas toward production, aiming to unlock phosphate resource value and generate revenue. While specific timelines and production targets were not disclosed, funds will accelerate development activities.

Exploration Drilling to Expand Phosphate Resources

Funds will also support exploration drilling to identify and define additional phosphate resources within Aguia's Brazilian holdings. Exploration is key to extending mine life, increasing resource estimates, and validating prospects near Tres Estradas. This allocation reflects management’s belief in potential high-quality phosphate mineralisation adjacent to current assets.

Expanding phosphate resources through drilling strengthens Aguia’s medium- to long-term production pipeline and supports sustained growth in Brazil. The announcement did not specify the drilling program’s scope, duration, or expected results.

Ongoing Development of Santa Barbara Gold Project in Colombia

Capital will be allocated to further developing the Santa Barbara Gold Project in Bolivar, Colombia, diversifying Aguia’s commodity exposure beyond phosphate. An experienced team based in Medellin manages development and operations for this gold asset. Gold project activities typically include resource definition, feasibility studies, permitting, and early construction phases.

Investment in Santa Barbara positions Aguia with a dual-commodity platform combining phosphate production in Brazil and gold development in Colombia. Details on the current development stage, objectives, or timelines were not provided.

Multi-Commodity and Geographic Diversification Strategy

Aguia Resources is an ASX-listed multi-commodity explorer with assets across Brazil and Colombia. Its portfolio includes pre-production phosphate projects in Rio Grande do Sul and gold projects in Bolivar. The acquisition of Andean Mining expanded its holdings to include gold, silver, and copper projects in the Andean region, broadening commodity and geographic exposure. This diversification mitigates single-commodity and single-country risks and offers multiple production and revenue pathways.

Focusing on South America grants access to abundant mineral resources, established mining infrastructure, local expertise, and supportive jurisdictions. The presence of skilled teams in Porto Alegre and Medellin underscores Aguia’s commitment to local execution while adhering to ASX governance standards.

Use of Proceeds and Working Capital

Besides funding Tres Estradas production, phosphate exploration, and Santa Barbara development, proceeds will enhance working capital. This supports operational continuity, administrative functions, regulatory compliance, and flexibility to seize opportunities or manage challenges during project advancement. The announcement did not detail the exact allocation of the $3 million across these uses; investors should monitor future reports for capital expenditure disclosures.

Placement Pricing and Market Context

The placement price of $0.017 per share, a 10.5% discount to the last trade price of $0.019 on 17 July 2026, reflects standard institutional capital raise practices to attract committed investors. The discount incentivizes entry while enabling efficient capital raising. Strong demand from new and existing institutional shareholders indicates positive market reception of Aguia’s strategy.

Immediate share price impact was not disclosed. Investors should review ASX trading data post-settlement on 27 July 2026 to evaluate market response to the capital raise and new share issuance.

Director Participation and Shareholder Approval

Director Ben Jarvis has committed to purchasing 1 million shares in the placement, representing approximately 0.57% of the raise. These shares will be issued only after shareholder approval at the next Annual General Meeting, in compliance with ASX Listing Rules. This participation signals management’s confidence in Aguia’s strategy and capital use.

Settlement Timeline and Forward Outlook

Settlement of the $3 million placement is planned for Monday, 27 July 2026, after which the 176.5 million new shares will be issued and tradable on the ASX under normal conditions. Far East Capital Limited managed the placement, highlighting Aguia’s focus on targeting appropriate investors with mining sector expertise.

The company did not provide detailed schedules for Tres Estradas advancement, exploration drilling start, or Santa Barbara milestones. Investors should watch for future updates on project timelines, capital expenditure plans, and progress across Aguia’s asset portfolio.