DuSolo Obtains Environmental and Operating Licenses for Its Phosphate Processing Facility
August 19, 2014 (Source: Marketwired) — DuSolo Fertilizers Inc., (TSX VENTURE:DSF)(PINKSHEETS:ELGSF)(FRANKFURT:E6R) (“DuSolo” or “the Company”) is very pleased to report it has received both Environmental (Licença Ambiental) and Operating Licenses (Licença de Funcionamento) for its Direct Application Natural Fertilizer (“DANF”) processing facility.
As required by the licenses, Environmental Impact Monitoring will be ongoing which includes water quality management, dust control, drainage inspection and noise containment. The facility has been deemed as having little environmental impact and therefore, no additional wildlife compensation activities are required from the Company. Nonetheless, DuSolo has built a greenhouse facility near the mine site aimed at preserving and reviving native plant species.
The following permits required for DANF production have now been either obtained or are in the process of being obtained with decisions expected shortly:
- DANF Processing Facility Environmental (Licença Ambiental) – OBTAINED
- DANF Processing Facility Operating License (Licença de Funcionamento) – OBTAINED
- Mining Site (Santiago Target) Environmental License (Licença Ambiental)
- Mining Permit (Guia de Utilização)
DIRECT APPLICATION NATURAL FERTILIZER
With the facility now in place, DuSolo, through a series of crushers, screens and mills intends to process the high-grade phosphate discovered at the Santiago target into three (3) DANF products of different phosphate grades (12%, 15%, 18% P2O5). The DANF will then be sold to local farms and agricultural centers in the vicinity of the project’s area. DANF is used alongside the standard and more costly Nitrogen, Phosphate and Potash (“NPK”) blend to compensate for elevated nutrient depletion as a result of heavy tropical rainfalls. Farmers in the region have become accustomed to using DANF on their crops over the past several years but due to recent restrictions in supply, are no longer able to source it locally. DuSolo, as a result of its recent high-grade discovery, intends to fill the current void in this rapidly expanding marketplace by providing farmers with a local alternative supply for years to come.
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ABOUT THE COMPANY
DuSolo Fertilizers Inc. is focused on developing a fully integrated process to produce phosphate based fertilizers within the Cerrado region of Brazil as part of a nationwide effort, incentivized by the government to increase supply of domestically sourced fertilizers and achieve agricultural self sufficiency.
The Company’s shares are publicly traded on the TSX Venture Exchange under the symbol DSF, on the OTC Pink Sheets under the symbol ELGSF and on Frankfurt Stock Exchange under the symbol E6R.
On behalf of the Board of Directors
DuSolo Fertilizers Inc.
Eran Friedlander, President
Certain information contained in this press release constitutes “forward-looking information”, within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur”, “be achieved” or “has the potential to”. Forward looking statements contained in this press release may include statements regarding the future operating or financial performance of DuSolo which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: market conditions and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and DuSolo disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>