IC Potash has successfully completed its feasibility study for its wholly owned Ochoa project, a sulfate of potash (SOP) project located in southeast New Mexico. The study shows an economically viable mining and processing facility with the capacity and reserves to produce 714,400 tons of SOP per year for at least 50 years.
In order to move forward, the study points to the following implementations:
IC Potash (TSX:ICP) has successfully completed its feasibility study for its wholly owned Ochoa project, a sulfate of potash (SOP) project located in southeast New Mexico. The study shows an economically viable mining and processing facility with the capacity and reserves to produce 714,400 tons of SOP per year for at least 50 years.
In order to move forward, the study points to the following implementations:
Commencing engineering, procurement, and construction management (“EPCM”) activities;
Completing environmental permitting; and
Arranging Project financing.
Mr. Sidney Himmel, IC Potash’s CEO commented:
This feasibility study evaluated all aspects of our plan to produce SOP from our polyhalite Mineral Reserves. We are pleased with the technical validation of the mining and processing design, and the resulting economic characteristics. The Ochoa Project positions ICP to become a world leader in SOP production and a bottom quartile cost SOP producer. We intend to begin immediately with the next phases of engineering and financing.
Click here to read the IC Potash (TSX:ICP,OTCQX:ICPTF) press release
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