Innovative recycled water source approved for potash project
From news release
Vancouver - Western Potash Corp. (WPX: TSX) (FSE: AHE) (“the Company”) -- On Monday, June 25th the City of Regina approved the Key Commercial Terms (the “Agreement”) that will see a large portion of the City’s treated sewage effluent routed to Western Potash Corp.’s Milestone Potash mine site, located approximately 30 km southeast of Regina and 80 km southeast of Mosaic’s Belle Plaine mining lease.
The Agreement, if paid out annually, is worth more than $200 million to the City of Regina over the 45 year term of the Agreement and will see up to 60,000 cubic metres of treated effluent diverted daily from the Regina wastewater treatment plant to the Milestone Potash Project mine site. The City of Regina, as the proponent of the Agreement, will operate the pump house and pipeline and will be responsible for obtaining all necessary environmental approvals. Western Potash will fund the capital costs associated with the construction of the pump house and pipeline.
“Western Potash is delighted to have reached this Agreement with the City of Regina and is pleased to be working together to sustainably innovate the potash solution mining process,” says Western Potash Corp. President and CEO Patricio Varas. “There are certainly no other potash solution mines in the world utilizing treated waste water.”
Once up and running, the Milestone Project will draw between 40% and 70% of the City of Regina‘s wastewater.
“This innovation is a win-win for everyone," said Acting Deputy Mayor Louis Browne. "Not only is the City of Regina now being compensated for treating a waste product, but we are facilitating economic growth in one of Saskatchewan’s key sectors: Potash development. In addition, downstream negative effects such as increased algae will also be alleviated, making this is a prime example of how creative thinking and partnerships can yield a more promising future for everyone.”
The Milestone Project holds 66.6 million tonnes of measured recoverable resource (content and grade that can be measured with a high degree of accuracy); 186.9 million tonnes of indicated recoverable resource (content and grade that can be measured with a reasonable level of accuracy); and 708.2 million tonnes of inferred recoverable resource. The Milestone Project contains potash resources of sufficient size and grade to support solution mining for more than 40 years at a production rate of 2.8 million tonnes per year. The in-house qualified persons for the purposes of NI 43-101 guidelines are J. Patricio Varas, P. Geo and Dean Pekeski, P. Geo, both of whom have reviewed and approved the contents of this news release.
About Western Potash
Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada. The Company intends to develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. For more information on Western Potash Corp.’s projects, please visit the Company’s website at: http://www.westernpotash.com
ON BEHALF OF THE BOARD OF DIRECTORS
J. Patricio Varas
President and CEO
VP Corporate Development
Laura Ballance Media Group
602-134 Abbott Street
Vancouver, British Columbia V6B 2K4