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IC Potash Corp. (ICP-TSX, ICPTF-OTCQX) has demonstrated a low cost method to produce Sulphate of Potash (SOP) from its 100%-owned Ochoa polyhalite deposit located in southeast New Mexico. Land holdings include nearly 90,000 acres of federal prospecting permits and State of New Mexico mining leases.
SOP is a non-chloride potassium fertilizer widely used in the horticultural industry and for high-value crops such as fruits, vegetables, tobacco, coffee, and potatoes. It is beneficial for use in soils with substantial agricultural activity, high soil salinity, and in arid regions. SOP sells for a substantial premium over regular potash, known as Muriate of Potash (MOP).
ICP recently announced the achievement of two milestones: the successful conclusion of a positive independent Feasibility Study recommending the Company move forward to implementation; and release of a favorable Record of Decision by the Bureau of Land Management authorizing construction and operation of the mine and facilities.
|BLM Record of Decision|
|Potash and Polyhalite|
|Glossary of Terms|