IC Potash (TSX:ICP, Stock Forum)(“ICP”), a Toronto-based exploration-stage firm engaged in the acquisition and exploration of potash and potash-related minerals, announced today that the company had received notice from the US Department of the Interior, Bureau of Land Management (“BLM”) that a record of decision was published allowing ICP to construct and operate Sulphate of Potash Ochoa project located in New Mexico.
According to the news release, “The signed ROD marks the final decision made by the BLM based on the analysis described in the Final Environmental Impact Statement ("EIS").”
Company president and CEO, Sidney Himmel, commented, “We are pleased with the favorable Record of Decision from the Bureau of Land Management and are poised to move forward on implementation.”
He went on to explain, “We expect that the Ochoa Project will be one of the largest Sulphate of Potash projects in the world. We also expect that it will satisfy the world's unmet need for Sulphate of Potash. Recently, the premium in the price of Sulphate of Potash relative to regular potash has increased in all world markets.”
Then he concluded, “The next big steps involve financing. We anticipate that we will work with the world's largest resource banks and industry players to finance this project.”
FULL DISCLOSURE: IC Potash is a Stockhouse Publishing client.