Aguia Resources says it has cleared the final questions from Brazil’s environmental regulator, FEPAM, for its Três Estradas phosphate project. Multiple outlets report the company is now waiting for an operating licence, which it says is the remaining step before it can begin mining and processing phosphate at the site. The reporting also notes that Brazilian phosphate demand is strengthening, which is cited as part of the broader context for the project’s momentum. While the sources focus on regulatory progress, they describe a similar timeline and process: FEPAM review progresses to a final stage, Aguia addresses remaining requirements, and the company moves to the licensing stage that authorises operations. No additional details are provided across the articles on the licence review duration, specific conditions of approval, or any changes to project scope. Overall, the outlets agree that Aguia’s next milestone is securing the operating licence that would allow construction or ramp-up to start phosphate production.