Lion Selection Expands Australian Portfolio with PhosCo Investment Amid Growth Plans

March 11, 2025 02:36 PM AEDT | By Team Kalkine Media

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Lion Selection Expands Australian Portfolio with PhosCo Investment Amid Growth Plans — Image source: shutterstock

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Highlights

Lion Selection Group (LSX) expands Australian portfolio with PhosCo (PHO) investment.

PhosCo secures funding for phosphate projects in Tunisia and feasibility study.

Potential $5M strategic investment from European Bank for Reconstruction & Development.

Lion Selection Group (ASX:LSX) is strengthening its investment portfolio with a significant commitment to PhosCo (ASX:PHO), a company focused on phosphate and fertilizer projects. As part of a broader expansion strategy, Lion Selection has sub-underwritten a $1 million portion of PhosCo’s $5 million rights issue, further increasing its stake in the business.

PhosCo, which operates large-scale phosphate projects in Tunisia, continues to attract strategic investments aimed at accelerating its project developments. The capital raising was priced at $0.050 per share, activating the conversion of a $250,000 converting note investment held by Lion Selection. This conversion resulted in 6.6 million new shares at $0.040 per share, alongside an equal number of options exercisable at $0.050 per share.

In parallel with the rights issue, PhosCo has secured an important mandate letter from the European Bank for Reconstruction & Development (EBRD). This agreement opens the door for a potential US$5 million strategic investment, adding further momentum to its long-term growth plans. The funds raised will support the advancement of the Gasaat Bankable Feasibility Study (BFS), a crucial step toward the development of PhosCo’s phosphate assets.

With phosphate playing a critical role in global agriculture and fertilizer production, PhosCo is positioning itself as a key player in the sector. The financial backing from Lion Selection, combined with the potential investment from EBRD, enhances the company’s ability to execute its strategy and expand its resource base.

This investment also aligns with Lion Selection’s approach of building a diversified portfolio with exposure to promising projects. By reinforcing its position in PhosCo, Lion Selection continues to strengthen its presence in the resource sector while maintaining a focus on opportunities in the Australian market.

As PhosCo progresses with its feasibility study and development plans, the collaboration with major stakeholders could drive further value creation. The ongoing expansion of its phosphate projects, backed by strategic investments, positions PhosCo for potential long-term growth in the industry.

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