Encanto Potash is a Potash
exploration company

2018 News Archive

Encanto Announces Board of Directors Change

Encanto Potash Corp. announces that R.G. Rajan has resigned from the Board of Directors due to personal reasons. "I am very grateful that Mr. Rajan helped support and guide me and Zulfiquar Ghadiyali during very difficult times in India when he was Chairman and Managing Director at RCF. Mr. Rajan remains an asset to Encanto," said CEO and Director Stavros Daskos. "H.E. Mr. Zulfiquar Ghadiyali will continue maintaining the strategic relationships that Encanto and its team has developed."

Encanto Announces Management Update

Encanto Potash Corp. announces the departure of Mr. Richard Lively from the Company. Encanto will continue its efforts to reduce projected CAPEX cost and achieve enhanced operational efficiencies.

Encanto Announces Private Placement of Convertible Debentures

Encanto Potash Corp. announces it will complete a private placement of convertible debentures for gross proceeds of $9,505,200 (the "Offering"). The proceeds of the Offering will discharge and replace a portion of the principal owing under the Company’s previous convertible debentures that matured on September 1, 2017 which are due and payable, as well as to offset other outstanding payables. The debentures will be secured by a charge over all of the Company’s assets, will bear interest at the rate of 5% per annum and will mature 18 months from date of issue. The debentures will be convertible into common shares at the option of the holders at any time on or before the maturity date at a price of $0.25 per share.

Zulfiquar Ghadiyali Joins the Board of Encanto Potash Corp.

Encanto Potash Corp. is pleased to announce H.E. Mr. Zulfiquar Ghadiyali, as a new member of the board of directors of the Company. Mr. Ghadiyali has been in India working with Mr. Daskos since April 2015. He has been key to strategic relationships that started Encanto's momentum in India and has given the Company visibility with strategic partnerships internationally.

Encanto Potash Closes Private Placement with Long Term Investor

Encanto Potash Corp. announces that it has closed its private placement of 1,666,666 units at a price of $0.30 per unit for gross proceeds of $500,000 (the "Private Placement"). Each unit consists of one common share of the Company and one share purchase warrant ("Warrant"), with each Warrant entitling the holder to purchase one common share of the Company at a price of $0.18 per share for a period of 2 years from closing. The securities issued pursuant to the Private Placement are subject to a hold period until December 18, 2018.

Encanto Potash and Muskowekwan First Nation Engage Golder for Environmental Studies

Encanto Potash Corp. and the Muskowekwan First Nation are very pleased to announce that they have engaged Golder Associates Ltd. ("Golder"), a consulting, design and construction services company, as a vital part of the next step in developing a significant potash mine in Saskatchewan.

Encanto Potash CEO and Canadian First Nations Chief Announce Financing 40% Above Market Value from Long Term Investor

Encanto Potash Corp. is pleased to announce it has arranged financing to further its strategy to lower the Capex and engineering costs through the present studies that are being carried out, as well as for operating capital. This funding will enable Encanto to move through this present stage into the 4th quarter.  At that time the Company will have the results from the Environmental Gap Analysis, Water Study and Value Engineering Studies. 

Encanto Potash and Muskowekwan First Nation Engage Hatch Engineering for Value Engineering Study

Encanto Potash Corp. and the Muskowekwan First Nation are very pleased to announce that they have engaged Hatch Engineering ("Hatch") for the next step in their plan towards the construction target of a significant potash mine in the 4th Quarter 2019. With the financial support of the Government of Canada via funding through Indigenous Services Canada (please refer to the Company's press release dated July 23, 2018), the Company is quickly moving forward with the upcoming engineering steps of the Muskowekwan Potash Project.

Encanto Potash and Muskowekwan First Nation Announce Financial Commitment from the Government of Canada (Indigenous Services Canada)

Encanto Potash Corp. and the Muskowekwan First Nation are pleased to announce the confirmation of the Government of Canada's funding to support the upcoming engineering steps of the Encanto/Muskowekwan potash project via Indigenous Services Canada.

Encanto Announces Stock Option Grant

Encanto Potash Corp. announces that pursuant to the Company's Stock Option Plan, an aggregate of 100,000 incentive stock options have been granted to the Chief Operating Officer of the Company at a price of $0.19 per share, exercisable for a period of 10 years, subject to TSX-V approval.

Encanto Appoints Chief Operating Officer and Announces Next Stages of Mine Plan

Encanto Potash Corp. is pleased to announce the appointment of Mr. Richard Lively to the position of Chief Operating Officer. "Since joining Encanto, Richard Lively has shown great ingenuity to bring the Muskowekwan Potash Project forward", commented CEO Stavros Daskos.

Encanto Potash Corp Successfully Reduces Projected Engineering Costs Significantly to Propel Mining Plan

Encanto Potash Corp. the TSX-V listed Potash development, Mining and Operating company announces its strategic plan to move the proposed potash solution mine project located on Muskowekwan First Nation land forward from today's current status to shovel ready. With the recent addition of Richard Lively, Encanto has value engineered and identified the expected costs to be incurred over the next 16 months to bring the project to a construction start. The projected engineering cost to finalize the EIS, Feasibility Study, and complex Front End Engineering & Design will be $32 million, representing a 40% reduction versus previous estimates.

Encanto to Implement Share Consolidation

Encanto Potash Corp. announces that it intends to effect a consolidation of its common shares on the basis of one (1) new common share for every ten (10) common shares outstanding effective as of May 18, 2018. Encanto currently has 440,817,039 common shares outstanding and, following the share consolidation on a ten (10) to one (1) basis, will have approximately 44,081,704 common shares outstanding. No fractional common shares will be issued and no cash will be paid in lieu of fractional post-consolidation common shares but the number of common shares to be received by a shareholder will be rounded down to the nearest whole common share in the event that such shareholder would otherwise be entitled to receive a fractional common share.

30 Year Veteran from Potash Corp Joins Encanto Potash Corp.

Encanto Potash Corp. is pleased to announce that Mr. Richard Lively joins Encanto following a distinguished career at Potash Corp where he was responsible for many operations involving areas such as, surface and mill operations, including gas plant, wet mill, compaction plant, evaporator and crystallizer plant, tailings system and central control room, all related circuits within these plants and operations of a Delta-V process control system. Mr. Lively was responsible for the supervision of all personnel such as shift mechanics, control room supervisors, all operators, contractors and brings great experience with all aspects of process and operations.

Encanto Potash Corp Initiates Funding Drawdown with Global Emerging Markets, Submits Project Details for Funding Opportunities with Indigenous and Northern Affairs Canada

Encanto Potash Corp. the TSX-V listed Potash development; Mining and Operating company (TSX-V: EPO) is pleased to announce Encanto has filed the requested project information in advance of its application for supplemental funding across various government departments led by Indigenous and Northern Affairs Canada ("INAC"), a federal government department responsible for meeting the Government of Canada's obligations and commitments to First Nations. The filed project information included focuses on upcoming steps of the feasibility study, as well as the projected economic impact for Muskowekwan First Nations, the province of Saskatchewan, and the federal government of Canada. The filed information included a detailed cost forecast and schedules of engineering works planned for 2018. Over the next coming weeks, Encanto and INAC will work together to present specific project elements for funding to the appropriate federal, provincial, and regional departments.