Centrex announces potential funding boost

Centrex (ASX:CXM) has announced that its subsidiary, Agriflex Pty Ltd, has received a non-binding Letter of Indication from Export Finance Australia for a potential loan facility up to US$3.45 million. This funding aims to enhance export capabilities for the Ardmore Rock Phosphate Mine.

Centrex outlines funding and future plans

Centrex (ASX:CXM) is progressing with plans to enhance its export capabilities through its subsidiary, Agriflex Pty Ltd. The company has received a non-binding Letter of Indication for a US$3.45 million loan facility from Export Finance Australia, contingent on several conditions including due diligence and board approval. Centrex's existing relationship with the agency, supported by past successful financial engagements, is expected to aid in the current process. This potential funding aligns with Centrex's broader strategy to support its Ardmore Rock Phosphate Mine and other projects crucial for sustainable agriculture and global food production.

CEO expresses optimism on funding

We are pleased to re-engage with Export Finance Australia. The potential facility could significantly enhance our export capabilities during this critical growth phase.