DuSolo Fertilizers Inc. (TSXV:DSF, OTCPINK:ELGSF, FWB:E6R) signed a lease agreement to secure a facility for processing Direct Application Natural Fertilizer and completed the necessary upgrades to the facility to allow for its operation. Per the agreement, DuiSolo has assumed the right to operate the facility for a term of one year with the option to renew the lease for an additional year immediately after.
According to the company’s press release:
The DANF processing facility is located twenty nine (29) kilometers from DuSolo’s proposed mine site (Target H “Santiago”) and consists of both crushing and milling circuits connected by way of conveyor belt systems. The primary and secondary crushing equipment work in combination with two (2) sets of screens that allow the mineralized material to be separated and upgraded. The separated material is then fed to hammer mills in order to achieve the desired grain size of the final product.
Eran Friedlander President & CEO of DuSolo commented:
Today’s news represents a huge milestone achieved by the Company. Our goal from day one was to become a fertilizer producer in arguably the world’s largest fertilizer market and now we are one giant step closer to achieving this objective.
|Get our expert guide to agriculture investing FREE! Download this FREE Special Report, Potash Stocks and Potash News: Agriculture Investing Opportunities.|