IC Potash Corp
IC Potash Corp. (TSX: ICP; OTCQX: ICPTF) intends to become a primary producer of Sulphate of Potash ("SOP") and Sulphate of Potash Magnesia ("SOPM") by mining its 100% owned potash Ochoa property in southeast New Mexico. IC Potash's Ochoa property consists of over 100,000 acres of federal subsurface potassium prospecting permits and State of New Mexico potassium mining leases. IC Potash has a highly advanced mineral deposit containing total proven and probable reserves of more than 400 million tons of ore within the proposed mine plan. These reserves have an extremely continuous thickness, constant grade, and low dip, and provide the raw material for a long life and low cost specialty fertilizer operation.
IC Potash is focused on being one of the lowest cost producers of SOP in the world, a market that is 6 million tonnes per year and growing. SOP is a non-chloride based potash fertilizer that sells at a substantial premium over the price of Muriate of Potash ("MOP"). SOP is a significant fertilizer in the fruit, vegetable, tobacco, potato, and horticultural industries, and for agriculture in saline and dry soils. IC Potash also intends to produce SOPM, which is a highly desirable product for soils with magnesium deficiency, including those found in Europe and Southeast Asia. This specialty potash product has a total global market size of approximately 1.2 million tonnes.
IC Potash has assembled a highly-skilled team of professionals with decades of managerial, technical, and financial expertise. This includes a dedicated team of leading potash mining engineers, process engineers, fertilizer marketers, and financial managers to advance the Ochoa project
