Harvest Minerals Provides Sales and Corporate Update
Why we think this is neutral
This RNS announcement from Harvest Minerals provides a general update on sales, credit recovery efforts, and the ongoing strategic review, but does not contain any specific news that would warrant a strong positive or negative sentiment score. The update is informative but does not include any major financial figures, contract details, or other significant developments that would significantly impact the company's outlook.
Key Points
- Total volume ordered to 31 May 2025 reached 12,300 tonnes, including 8,165 tonnes invoiced and delivered
- Sales improved in April and May due to the company's "Momento Certo" ("Right Timing") sales campaign
- Harvest continues to make progress on credit recovery from historical purchase orders currently in default
- PVW Resources Limited has neared completion of its initial exploration work on the company's REE potential
- Harvest continues its strategic review to explore and evaluate a range of alternatives, including the potential sale of one or both business divisions
Summary
Harvest Minerals Limited, the AIM listed fertiliser producer, has provided a sales update on its organic, multi-nutrient, direct application fertiliser, KP Fértil®, from its Arapuá Fertiliser Project in Brazil, along with a wider corporate update. Total volume ordered to 31 May 2025 reached 12,300 tonnes, including 8,165 tonnes invoiced and delivered. The company has also made progress on credit recovery from historical purchase orders. Harvest continues its strategic review to explore and evaluate a range of alternatives, including the potential sale of one or both business divisions, to maximize shareholder returns.