Western Potash Corp. Secures Strategic Pipeline Right-of-Way for its Process Water
May 27, 2014 (Source: Businesswire) — Western Potash Corp. (WPX:TSX) (FSE:AHE) (“the Company”) has successfully negotiated the purchase of an eleven kilometer pipeline right-of-way that runs from the City of Regina Waste Water Treatment Plant (“RWWTP”) to the TransGas natural gas storage caverns, located less than thirty kilometers from the Milestone Potash Project site. Acquiring this right-of-way was important because of the increasing commercial, industrial and residential development in the area. The Company negotiated the rights with TransGas Limited, a natural gas storage and transmission company. TransGas Limited is a wholly owned subsidiary of SaskEnergy Incorporated, a Crown corporation of the Saskatchewan provincial government.
The right-of-way will facilitate the construction of a 30 inch pipeline within the existing right-of-way corridor to transport process water from the RWWTP to the Milestone Potash Project site.
About Western Potash Corp.
Western Potash Corp. is a development stage company focused on building Canada’s most efficient potash solution mine. A positive Feasibility Study for the Milestone Project was completed in December 2012. For more information on the Milestone Project, please visit the Company’s website at: www.westernpotash.com
ON BEHALF OF THE BOARD OF DIRECTORS
J. Patricio Varas
President and CEO
Except for statements of historical fact relating to Western Potash, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to completion of the proposed processed water pipeline, future financing availability, the Milestone Feasibility Study, timelines for completion of various steps related to the foregoing; and the ability of Western Potash to develop the Milestone Project. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “subject to”, “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Western Potash to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the receipt of all necessary approvals; the ability to conclude a transaction; uncertainty of future production, capital expenditures and other costs; financing and additional capital requirements; the receipt in a timely fashion of any further permitting for the Milestone Project; legislative, political, social or economic developments in the jurisdictions in which Western Potash carries on business; operating or technical difficulties in connection with mining or development activities; and the risks normally involved in the exploration, development and mining business. Although management of Western Potash has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Western Potash does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws.
Raj Shah has been a member of the InvestorIntel.com team for the last nearly 9 years. Recruited from Merrill Lynch, he has over 13 years’ ... <Read more about Raj Shah>