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Vatic Ventures
Developing Potash Deposits in Thailand’s Khorat Basin
Vatic to Pursue Cannabis Opportunities
Vatic Announces DTC Eligibility
Vatic Announces Closing Of Rights Offering
Overview
Vatic Ventures Corp. (TSXV:VCV; OTCBB:VTTCF; FRA:V8V3) is a junior exploration company exploring and developing a potash project in Thailand’s Khorat basin (the Saksrithai Project). In early 2017, Vatic Ventures acquired an 80 percent interest in Saksrithai Developments Co. Ltd., which holds a 100 percent interest in the two prospecting licenses that make up the 32-square-kilometer Saksrithai project.
Since the acquisition of the project, Vatic has conducted an initial exploration program, which included seismic and geological surveys, community engagement and base environmental studies. Results from the seismic survey have shown that the project sits on trend with the Dan Khun Thot project, currently under construction.
Used as one of three key fertilizers for rice, wheat and palm oil crops, potash is an essential plant nutrient that supports agriculture industries across the globe. It can be produced from a variety of potassium-bearing ores through numerous methods including traditional underground mining, evaporation from brines or solution mining.
Investment Highlights
- Near-surface potash deposits in Thailand’s Khorat basin offer more cost savings than other deposits around the world that sit further at depth
- Acquisition of 80 percent of Saksrithai Developments Co. Ltd. has helped foster local relationships
- Management team brings over 50 years of collective experience
Interactive Chart
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