Encanto Potash Corp. (EPO) has been working with its First Nations partners for the past four years to establish significant potash resources. EPO has a 100% interest in the Muskowekwan Potash Project underlying 61,400 acres. Encanto and its Muskowekwan First Nations partner (MFN) have developed a substantial project on the MFN Reserve lands located in Saskatchewan. The project contains 162.0 million tonnes of recoverable KCI Proven and Probable Reserves. It also contains a recoverable Indicated KCI resource of 31.3 million tonnes and an Inferred KCI resource of 158.7 million tonnes. At an extraction rate of 2.8 million tonnes per year, the Proven and Probable Reserves will support a solution mine for over 50 years. Encanto is also focused on exploring two south eastern Saskatchewan potash properties with the Ochapowace & Chacachas First Nations. These properties are joined by the company's SPAR property which is located on Provincial lands and all are in the heart of potash country. Encanto trades on the TSX Venture Exchange under the symbol EPO and in the United States on the OTCQX under the symbol ENCTF.
The Encanto Muskowekwan lease has continuous mineral rights on its property. We do not need to negotiate with private land owners. Working with the MFN is a critical advantage when it comes to reducing length of permitting time and potentially the length of time to production as we are required to only deal with two stakeholders (our First Nation partners and Aboriginal Affairs and Northern Development Canada, formerly INAC) for permitting.
Company Name | Encanto Potash Corp |
Business Category | Potash |
Address | 65 Front Street East Suite 200 Toronto Ontario Canada ZIP: M5E 1B5 |
President | Stavros Daskos |
Year Established | NA |
Employees | NA |
Memberships | NA |
Hours of Operation | NA |
Phone Number | Locked content | Subscribe to view |
Fax Number | Locked content | |
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Website | Locked content |