Encanto Potash Provides Update on Long-Term Potash Offtake Proposal with India

Encanto Potash Corp. (TSXV:EPO) announced that its negotiations for a long-term potash offtake proposal with India have been scrutinized by Rashtriya Fertilizer Company management and is currently being presented to their board for approval.

As quoted in the press release:

We have noted with great interest the recent positive business discussions and agreements reached between the Indian and Canadian Governments.  We believe that these discussions will continue with increased urgency in all business sectors including the long term supply of potash to India.

Encanto anticipates a favourable response from the RCF Board as well as a positive response from the Ministry of Chemicals and Fertilizers.

Encanto has been extremely encouraged by the focus of Indian Prime Minister, Narendra Modi, on expanding trade between Canada and India.  The new “pro-business” focus is having a major positive effect in India and we believe will result in the culmination of many business opportunities for Canadian businesses, including Encanto.

Click here to read the full Encanto Potash Corp. (TSXV:EPO) press release.