Reuters reported that Canadian miner Encanto Potash Corp. is in discussions with Indian Rashtriya Chemicals and Fertilizers Ltd about a possible deal.
As quoted in the market report:
After markets closed, Encanto said that Rashtriya is seeking to hire an adviser to review a deal that would see a consortium led by Rashtriya buy 2 million tonnes of potash in the future from Encanto, which is seeking to raise capital to build a Western Canada potash mine.
Potash West NL (ASX:PWN,OTCPINK:PWNNY) dominates mineral tenure in Western Australia, one of the world’s largest glauconite deposits, with 12 exploration licenses and applications covering an area of more than 2,600 km2.
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