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![]() Nov 06, 2008 Potash One Initiates Pre-Feasibility Work on its Legacy Solution Mining Project >> read more... Nov 03, 2008 Potash One Working Capital Increases to $27 Million with Closing of $10.375 Million Flow Through Fin... >> read more... ![]()
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Potash One Inc. (KCL-TSX) is a Canadian company engaged in the exploration and development of advanced solution mine amenable potash properties. The company owns 100% of a 97,240 acre Potash Subsurface Exploration Permit in Saskatchewan, Canada (the "Legacy Project").
The Legacy Project positions Potash One as one of the very few public companies with current Potash permits, 43-101 compliant resources and active work programs in the Saskatchewan Potash Basin. It is situated adjacent to the largest potash solution mine in the world (Mosaic's Belle Plaine), in the richest potash basin in the world. Potash One also controls three exploration permits contiguous to the Legacy Project covering ~230,000 acres in areas amenable to solution mining. Vast exposure to this part of the basin has effectively blocked potential junior competitors from gaining the advantages of entering the solution mining market. The 43-101 compliant Technical Report has estimated the following Indicated and Inferred Mineral Resource for the 97,400 Acre Legacy Project:
Management believes that solution mining methodology offers a significant competitive edge with lower capex costs and quicker timeline to production than hard rock operations. Potash One's early entry into the potash industry in 2005 has positioned shareholders to benefit from the growing global demand for food, feed, biofuels; and decreasing arable land - a fundamental trend reinforced by the increasing global wealth and population. Management most recent success was the development of a TSX and NYSE Arca-listed uranium company which merged with a uranium producer in a deal valued at over $1.8B. President and CEO Paul Matysek has assembled a strong solution mining operational and financial team which continues to grow as it drives the development of the Legacy Project. Potash One Inc. is a Canadian Company. |
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