Fertoz Ltd. announced a joint venture with a Montana-based company to develop a fertilizer pelleting plant in the USA. Fertoz will work with Excel Industries and its affiliate Range Cubes Mill LLC, based in Kinsey, Montana, to create a fertilizer pellet product containing nitrogen, phosphorous and potassium ("NPK") for the organic and regenerative agriculture market in the US/North America. This market is expected to grow at more than 14% CAGR over the next five years.

Construction on the plant and equipment is underway and Fertoz expects to commence first sales of the product in late 2022. Excel Industries already produces organic NPK fertilizer chicken litter compost and saw the value of including Fertoz rock phosphate amongst other elements. Fertoz has secured a new tenement in Canada after discovering high-grade rock phosphate in the Fernie region of British Columbia.

Initial drill holes down to a depth of 3-6m returned field testing grade of +25% P and low impurities (high-grade material). The deposit is accessed from the surface, over approximately 25km strike length and widths of typical 3-5m. Fertoz expects the new tenement to add easily accessible phosphate material to its future supply capabilities to help meet growing future demand.