Intercontinental Potash Corp.
Intercontinental Potash Corp. (“ICP”) is a wholly-owned subsidiary of IC Potash Corp. ICP's strategy is to be one of the world's lowest cost producers of the premium potash, Sulphate of Potash, also known as SOP. Approximately four million tonnes of SOP are sold annually throughout the world. While regular potash, also known as Sylvite or Muriate of Potash (“MOP”) is a chloride mineral, and many crops find chloride toxic, SOP has no chloride. A second major advantage of SOP over MOP is that SOP has low salinity, compared to MOP which is very saline, and therefore problematic as a fertilizer in many soils of the world. In many crops, chloride in MOP creates a suboptimal potassium fertilizer in terms of growth quality and robustness. Crops which are particularly sensitive to chloride include most fruits and vegetables, tobacco and potatoes in various soils, and many horticultural plants. Soils in many parts of the world, including India, China, North Africa, and the United States are salty, and crops do not do as well in these soils with MOP as with SOP. Because of these advantages, SOP always sells at a substantial premium to the price of MOP. The premium is usually at least 50%. ICP intends to produce SOP using the mineral polyhalite as a feedstock for SOP. Polyhalite contains the following fertilizer elements: potassium, sulphate, magnesium, and calcium. By using the potassium and sulphate in polyhalite, ICP intends to become one of the world's lowest cost producers of SOP. It is our goal to produce the premium potash, SOP, which can be sold at a premium price, and to produce it at an extremely low cost compared to most other producers of SOP.
