Potash Ridge Secures Blawn Mountain Lease

Potash Ridge Corporation (“Potash Ridge” or the “Corporation”) (TSX: PRK), a near term producer of premium fertilizer in North America, announced that its wholly-owned subsidiary, Utah Alunite LLC, has made the final instalment of US$668,936 to the Utah School and Institutional Trust Lands Administration (“SITLA”) pursuant with the terms of converting its Exploration and Option Agreement for the Blawn Mountain property into a Mining Lease.

Following this final instalment to SITLA, Potash Ridge has now fulfilled its obligations with respect to the conversion of its Exploration and Option Agreement into a Mining Lease, and consequently has unencumbered rights to develop the Blawn Mountain property.

Guy Bentinck, Potash Ridge’s President and Chief Executive Officer, said:

 “Securing unencumbered rights to developing Blawn Mountain is a major milestone in advancing this world-class project. Blawn Mountain will be a long-life, low-cost producer of potassium sulphate strategically located in North America’s underserved market.

Development of Blawn Mountain continues, with the major activities being advancing detailed engineering, securing offtake, and project financing.”

Click here to read the full text release. 

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