Potash Ridge Enters Agreement With Watco for Blawn Mountain

Potash Ridge Corporation (TSX:PRK,OTCQX:POTRF) announced a memorandum of understanding with Watco Companies LLC for activities related to a loading facility and short-line rail road to Potash Ridge’s Blawn Mountain project.

As quoted in the press release:

Under the terms of the MOU, Watco will undertake the development, financing and operation of a short-line railroad connecting the Project to the Union Pacific railroad main line near Milford, Utah, and a loading facility for its sulphate of potash, sulphuric acid and alumina rich material saleable products. Initial work contemplated under the MOU would begin after the commencement of a feasibility study, subject to successfully raising additional financing.

Potash Ridge president and CEO, Guy Bentinck, said:

We are very pleased to have entered into this arrangement with Watco for the development of a loading facility and associated short-line railroad for the Project. This long-term partnership with Watco represents another important commercial step for the development of the Project and will provide the Corporation with access to the extensive U.S. rail distribution network. Watco’s participation in BOO arrangements for infrastructure assets is another excellent endorsement of the Project.

Click here to read the Potash Ridge Corporation (TSX:PRK,OTCQX:POTRF) press release