Fortbridge Media ReleasePotash Minerals Ltd. [POK] - Potash Minerals secures US Federal permit for Utah potash projectPotash Minerals Ltd. (ASX:POK) has announced that the United States of America (USA) Bureau of Land Management (BLM) has approved the Companys 90% owned K2O Utah LLCs Hatch Point Potash Exploration Project.
The Company is delighted to report this development to shareholders, and views this as achieving the most significant milestone since acquiring the K2O Utah Potash Project.
The US BLM Federal Potash Exploration Permit awarded to K2O Utah is the first one to be granted in Utah for more than 25 years according to company research. K2O Utah is also the only applicant to receive a Non-Known Potash Leasing Area (Non-KPLA) Designation in Utah during this time.
Mr Ben Binninger, Director, Potash Minerals, said The timing of the approval and the expansion of exploration activity at the project could not come at a better time."
Currently the US market is primarily supplied from imports. New sources of domestic potash will help the USA become more self-sufficient in this critical agricultural commodity. As a result, in addition to being good news for shareholders, any success at K20 Utah will be watched with anticipation by the local US market and by prospective investors, Mr Binninger said.
Please see the attached announcement for more details.
For further information, please contact:
Ben Binninger
Director, Potash Minerals Limited
Tel: +61 8 9482 0515
Fax: +61 8 9482 0505
www.
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