TSX-V: EPO
VANCOUVER, April 25, 2018 /CNW/ - Encanto Potash Corp.
("Encanto" or the "Company") (TSX-V: EPO) is pleased to announce
that Mr. Richard Lively joins
Encanto following a distinguished career at Potash Corp where he
was responsible for many operations involving areas such
as, surface and mill operations, including gas
plant, wet mill, compaction plant, evaporator and crystallizer
plant, tailings system and central control room, all
related circuits within these plants and operations of a
Delta-V process control system.
Mr. Lively was responsible for the
supervision of all personnel such as shift mechanics,
control room supervisors, all operators, contractors and brings
great experience with all aspects of process and
operations.
Mr. Lively has been with Potash Corp when they were called
Potash Corp of America and joined in difficult times where
operational efficiency is paramount, and knows what works and what
doesn't work.
"We are very excited to bring a man of such experience,
expertise and dedication to Encanto Potash Corp.," commented CEO
Stavros Daskos.
Mr. Lively will be reviewing Encanto's current development
position with the MFN property, and providing oversight on
direction forward during Q2 for Encanto's mining plan.
About Encanto Potash Corp.
Encanto Potash Corp. is a TSX Venture Exchange listed and traded
Canadian Resource Company engaged in the development of potash
properties in the Province of Saskatchewan, Canada, the largest producing potash region in
the world. Through a joint venture agreement with Muskowekwan
Resources Ltd, Encanto has secured a project land package which
totals approximately 61,000 largely contiguous acres.
Pre-Feasibility Study dated February 28, 2013 titled
"Encanto Potash Corp. Technical Report Summarizing the Preliminary
Feasibility Study for the Muskowekwan First Nations Home Reserve
Project in South Eastern Saskatchewan, Canada" confirms the Proven
and Probable KCI Reserves totaling 162 Mt grading 28% KCl (average)
which supports primary and secondary mining for over 50 years at an
assumed annual rate extraction rate of 2.8 Mt of MOP. The PEA
dated May 24, 2017 titled " NI 43-101 Technical Report on
a Preliminary Economic Assessment and Preliminary Feasibility Study
of the Muskowekwan Potash Project, South-Eastern Saskatchewan,
Canada" summarizes an alternative development option that supports
primary and secondary mining of the Mineral Resources for 48 years
at an annual extraction rate of 3.4 Mt of MOP. On December 30,
2016, Encanto signed a 20-year off-take agreement with the
National Federation of Farmers' Procurement, Processing, and
Retailing Cooperatives of India Ltd., (NACOF) registered under the
Ministry of Agriculture, Government of India to supply 5
million metric tons a year of potash.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
CERTAIN INFORMATION SET FORTH IN THIS NEWS RELEASE MAY CONTAIN
FORWARD-LOOKING STATEMENTS RELATING TO THE FUTURE PERFORMANCE OF
THE COMPANY. FORWARD LOOKING INFORMATION IS SUBJECT TO A NUMBER OF
KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND OTHER FACTORS THAT MAY
CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE ANTICIPATED IN
OUR FORWARD LOOKING STATEMENTS. SUCH RISKS AND OTHER FACTORS
INCLUDE, AMONG OTHERS, RISKS ASSOCIATED WITH MINERAL EXPLORATION
AND MINING ACTIVITIES, THE IMPACT OF GENERAL ECONOMIC CONDITIONS,
INDUSTRY CONDITIONS, DEPENDENCE UPON REGULATORY APPROVALS, THE
UNCERTAINTY OF OBTAINING ADDITIONAL FINANCING, AND OTHER RISKS AND
UNCERTAINTIES DETAILED FROM TIME TO TIME IN THE COMPANY'S FILINGS
WITH THE CANADIAN SECURITIES ADMINISTRATORS (AVAILABLE AT
WWW.SEDAR.COM). FORWARD-LOOKING STATEMENTS ARE MADE BASED ON
VARIOUS ASSUMPTIONS AND ON MANAGEMENT'S BELIEFS, ESTIMATES AND
OPINIONS ON THE DATE THE STATEMENTS ARE MADE. SHOULD ONE OR MORE OF
THESE RISKS AND UNCERTAINTIES MATERIALIZE, OR SHOULD UNDERLYING
ASSUMPTIONS PROVE INCORRECT, ACTUAL RESULTS MAY VARY MATERIALLY
FROM THOSE DESCRIBED IN THE FORWARD-LOOKING INFORMATION CONTAINED
HEREIN. THE COMPANY UNDERTAKES NO OBLIGATION TO UPDATE
FORWARD-LOOKING STATEMENTS IF THESE ASSUMPTIONS, BELIEFS, ESTIMATES
AND OPINIONS OR OTHER CIRCUMSTANCES SHOULD CHANGE, EXCEPT AS
REQUIRED BY APPLICABLE LAW.
SOURCE Encanto Potash Corp.