TORONTO, Aug. 10, 2017 /CNW/ - Potash Ridge
Corporation ("Potash Ridge" or the "Company") (TSX: PRK), a near
term producer of premium fertilizer in North America, announces the appointment of
Mr. Ross Phillips as Interim Chief
Financial Officer to replace Ms Petra
Decher, who has left the Company to pursue other
interests.
Ross Phillips previously held the
postion of Chief Financial Officer between 2015 and 2017. The Board
of Directors thanks Ms. Decher for her service as Chief Financial
Officer.
About Potash Ridge
Potash
Ridge's strategy is to become a premier producer of sulphate
of potash or SOP in North America. The Corporation owns two
SOP projects: the Valleyfield project that plans to
produce SOP through the Mannheim Process; and the Blawn
Mountain project in Utah that plans to produce SOP
by processing an alunite material. Potash Ridge has a
highly qualified and proven management team in place with
significant financial, project management and operational
experience and the ability to take projects into production.
Forward-Looking Statements
This press
release contains forward-looking statements, which reflect the
Corporation's expectations regarding future growth, results of
operations, performance and business prospects. These
forward-looking statements include statements related to advancing
the Valleyfield Project and may also include statements that are
predictive in nature, or that depend upon or refer to future events
or conditions, and can generally be identified by words such as
"may", "will", "expects", "anticipates", "intends", "plans",
"believes", "estimates", "guidance" or similar expressions. In
addition, any statements that refer to expectations, projections or
other characterizations of future events or circumstances are
forward-looking statements. These statements are not historical
facts but instead represent the Corporation's expectations,
estimates and projections regarding future events. Forward-looking
statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable by the Corporation,
are inherently subject to significant business, economic and
competitive uncertainties and contingencies. Known and unknown
factors could cause actual results to differ materially from those
projected in the forward-looking statements. Such factors include,
but are not limited to: the state of the equity capital markets;
the receipt of any required approvals for the private placement;
the future financial or operating performance of the Corporation
and its subsidiaries and its mineral projects; the anticipated
results of exploration activities; the estimation of mineral
resources; the realization of mineral resource estimates; capital,
development, operating and exploration expenditures; costs and
timing of the development of the Corporation's mineral projects;
timing of future exploration; requirements for additional capital;
climate conditions; government regulation of mining operations;
anticipated results of economic and technical studies;
environmental matters; receipt of the necessary permits, approvals
and licenses in connection with exploration and development
activities; appropriation of the necessary water rights and water
sources; changes in commodity prices; recruiting and retaining key
employees; construction delays; litigation; competition in the
mining industry; reclamation expenses; reliability of historical
exploration work; reliance on historical information acquired by
the Corporation; optimization of technology to be employed by the
Corporation; title disputes or claims and other similar
matters.
If any of the assumptions or estimates made by management
prove to be incorrect, actual results and developments are likely
to differ, and may differ materially, from those expressed or
implied by the forward-looking statements contained herein. Such
assumptions include, but are not limited to, the following: that
general business, economic, competitive, political and social
uncertainties remain favorable; that agriculture fertilizers are
expected to be a major driver in increasing yields to address
demand for premium produce, such as fruits and vegetables, as well
as diversified protein rich diets necessitating grains and other
animal feed; that actual results of exploration activities justify
further studies and development of the Corporation's mineral
projects; that the future prices of minerals remain at levels that
justify the exploration and future development and operation of the
Corporation's mineral projects; that there is no failure of plant,
equipment or processes to operate as anticipated; that accidents,
labour disputes and other risks of the mining industry do not
occur; that there are no unanticipated delays in obtaining
governmental approvals or financing or in the completion of future
studies, development or construction activities; that the actual
costs of exploration and studies remain within budgeted amounts;
that regulatory and legal requirements required for exploration or
development activities do not change in any adverse manner; that
input cost assumptions do not change in any adverse manner, as well
as those factors discussed in the section entitled "Risk Factors"
in the Corporation's Annual Information Form (AIF) for the
year-ended December 31,
2016 found on sedar.com. The Corporation
disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information,
future events or otherwise, except as required by applicable
law.
SOURCE Potash Ridge Corporation