Manitoba Governement Extends Deadline for Companies Interested in Russell-McAuley Potash Deposit

The Winnipeg Free Press reported that the provincial government has extended the deadline for companies to provide an initial expression of interest in the Russell-McAuley potash deposit.

As quoted in the market news:

In 2014, Manitoba amalgamated 2,247 square kilometres worth of potash deposits — previously held by several interests — near the town of Russell. An expression-of-interest document for what’s officially known as the Russell-McAuley potash deposit was issued in January, with a closing date of March 13. The province extended the deadline another two weeks at the behest of unnamed entities, said Gabrielle Giroday, a spokeswoman for Manitoba Mineral Resources.

Slightly more than one billion tonnes of potash are estimated to lie 800 metres to one kilometre below ground in the Russell-McAuley deposit, which the province claims is comparable in quality and mining conditions to similar deposits across the Saskatchewan border, where Agrium, Mosaic and Potash Corp. operate mines.

Click here to read the full Winnipeg Free Press report.