Taylor-Dejongh Executes Financing Agreement with Encanto Potash Corp.
Encanto Potash Corp. is pleased to announce that Taylor-Dejongh ("TDJ") has executed a financing agreement ("FA") with Encanto Potash Corp. Encanto and Muskowekwan Resources Ltd. ("MRL") have a joint venture agreement to develop the Muskowekwan Potash Project - the first mining project in Saskatchewan, Canada, on First Nations land.
Encanto Potash Congratulates Muskowekwan Chief and Councillors on Successful 2017 Election Results
Encanto Potash Corp. is pleased to offer its congratulations to Chief Reginald Bellerose and all returning and new Council members on their election as Chief and Council of the Muskowekwan First Nation. This is the seventh consecutive term for Chief Bellerose and he received overwhelming support once again. For the first time, this election was for a 4 year term in office.
Muskowekwan Resources Ltd. Finalizes Negotiations and Executes Mineral Lease with the Federal Government
Encanto Potash Corp. announces that project partner, the Muskowekwan First Nation, has successfully secured the terms for and has executed the first ever mineral lease issued through Indian Mining Regulations enabling construction of a solution potash mine on First Nation land. Muskowekwan Resources will be the lessee of the 61,400 acres (containing the proven and probable reserves of 161 million metric tons of potash) and will further contribute the lease to the project with Encanto, having worked cooperatively through Indigenous and Northern Affairs Canada and the Department of Justice. The support of the Department of Justice is essential due to its roles and responsibilities as the Minister of Justice and the Attorney General of Canada.
Encanto Potash Activates Potash Trading Company in Anticipation of Exports to India
Encanto Potash Corp. is pleased to confirm the incorporation of the Encanto Potash Trading Company (the "Trading Company"), a wholly owned subsidiary of Encanto Potash. The Trading Company will have the designated use for the trading of potash sourced from producing properties that are currently under utilized, alongside the concurrent development of the Reserves located on the Muskowekwan First Nation ("MFN") property.
First Nations Commercial and Industrial Development Act Finalized by Order in Council to Allow for Future on Reserve Potash Mine Development
Encanto Potash Corp. announces that an Order in Council P.C. 2017-258 was issued on March 24, 2017 by the Governor in Council, ending a multi-year process that has culminated in the successful conclusion of the First Nations Commercial and Industrial Development Act ("FNCIDA") process and the delivery of the Muskowekwan First Nation Solution Potash Mining Regulations into law.
Amec Foster Wheeler Signs MOU With Muskowekwan First Nations and Encanto Potash Corp
Encanto Potash Corp. is pleased to announce that Amec Foster Wheeler ("Amec") has signed a Memorandum of Understanding ("MOU") with Muskowekwan Resources Ltd. ("MRL"), a wholly-owned operating company of the Muskowekwan First Nations and Encanto Potash Corp.
Encanto Potash receives request for potash quote from India's MMTC
Encanto Potash Corp. is pleased to confirm that they are in receipt of 3 separate requests for potash quotes originating from India.
Encanto Potash to exhibit at PDAC in Toronto
Encanto Potash Corp. is pleased to confirm that they will be exhibiting at the Prospectors and Developers Association of Canada (PDAC) annual trade show in Toronto, Canada Tuesday March 7 - Wednesday March 8, 2017. The Company will be available in booth #2615 on the main trade show floor to elaborate on its go forward strategies with stake holders and interested parties.
First in history provincial potash mining regulations to apply on Federal First Nations Reserve Land
Encanto Potash Corp. is pleased to advise that, together with their project partners, the Muskowekwan First Nation, the successfully signed Tripartite Agreement is expected to lead to the First Nations Commercial and Industrial Development Act ("FNCIDA") being finalized this Spring. The Tripartite agreement was signed by Muskowekwan First Nation Chief Reginald Bellerose, the Honourable Minister of Indigenous and Northern Affairs, Carolyn Bennett on behalf of the Canadian Federal Government and the Honourable Provincial Minister for the Economy Bill Boyd on behalf of the Saskatchewan Provincial Government.
Encanto announces release of shares from escrow
Vancouver, Canada - Encanto Potash Corp. announces that
12,000,000 common shares of the Company that were held in escrow pursuant to an escrow agreement
dated May 30, 2016 have been released as Encanto has entered into a definitive off-take agreement for
the long term supply of potash. (See Company news release dated June 3, 2016 for further details
regarding the escrow shares.)
Encanto announces stock option grant
Encanto Potash Corp. announces that pursuant to the Company's Stock Option Plan, an aggregate of 13,750,000 incentive stock options have been granted to directors, officers and consultants of the Company at a price of $0.14 per share, exercisable for a period of 10 years, subject to TSX-V approval.
Encanto Potash Finalizes Definitive Terms and Enters into Offtake Agreement, Securing the Indian Potash Market with India's National Federation of Farmers' Procurement, Processing and Retailing Cooperatives of India Limited
Encanto Potash Corp. has successfully finalized a historic offtake agreement with the National Federation of Farmers' Procurement, Processing and Retailing Cooperatives of India Limited ("NACOF").
Encanto Potash enters into memorandum of agreement with India's National Federation of Farmers' Cooperative for 100 million tonne 20 year offtake agreement
Encanto Potash Corp. has successfully completed the foundation for an evolutionary offtake agreement with the National Federation of Farmers' Procurement, Processing and Retailing Cooperatives of India Ltd ("NACOF"). The terms of the offtake agreement are summarized in a memorandum of agreement (the "MOA") that provides for a minimum supply of 5 million tonnes per year for a minimum 20 year term, pending final negotiations related to the offtake agreement.