Encanto Secures Government Funding For Potash Project

Encanto Potash Corp. (TSXV:EPO) and the Muskowekwan First Nation report the confirmation of the Government of Canada’s funding to support the upcoming engineering steps of the Encanto/Muskowekwan potash project via Indigenous Services Canada.

Encanto Potash is a Canadian resource company engaged in the development of potash properties in Saskatchewan, the largest producing potash region in the world.

As quoted from the press release:

The collaborative process between Indigenous Services Canada, Muskowekwan First Nation and Encanto Potash Corp. started in the fall of 2017, working together diligently to maximize the appropriate and timely financial support for the engineering project needs as efficiently as possible.

“I am proud of the team effort that brought us to this stage and the cooperation we received from Indigenous Services Canada. We are delighted that both the provincial and federal governments have the confidence in our plan to move the project forward and see this as the beginning of a long-term successful relationship,”Encanto’s new chief operating officer Richard Lively said.

The project, due to its First Nation ownership stake as well as the 20 year off take signed by the National Federation of Farmers’ Procurement, Processing, and Retailing Cooperatives of India Ltd., which represents 25 of the 29 states of India, was highlighted as a strong opportunity for funding as the project will share benefits for all parties, specifically through First Nations development and international trade relationships for Canada.

Click here to read the full press release