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IC Potash Corp. has demonstrated a low cost method to produce potassium sulfate, also known as sulfate of potash or SOP, from its 100%-owned Ochoa polyhalite deposit in southeastern New Mexico. SOP is the preferred potassium fertilizer for high-value crops - fruits, vegetables, coffee beans, nuts, potatoes, tobacco - and also for soils that are salty, sandy, or located in arid regions.
Ochoa land holdings consist of 98,500 acres of federal potassium preference right leases and prospecting permits, as well as State of New Mexico potassium mining leases. The region has excellent resource access, including low-cost electricity and natural gas, an approved water source, local trained labor force, rail lines, and the Port of Galveston, Texas.
ICP has concluded an independent Feasibility Study that recommends the Company move forward to implementation, and has received a Record of Decision from the BLM that authorizes construction and operation of the Ochoa mine and processing facilities.