Encanto Potash Corp Talking Possible Deal with Rashtriya Chemicals and Fertilizers Ltd

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.

To view the whole Reuters report, click here.