Organic Potash Corporation Provides an Operational Update
December 17, 2012 (Source: Marketwire) — Organic Potash Corporation (CNSX:OPC) (“OPC” or the “Corporation”) is pleased to provide the following operational updates:
K2 Processing Plant & Production Capabilities
Modifications to the processing system of the Corporation’s K2 mini plant are in the final stages and OPC is pleased to report that K2 is now in pre-commercial mode and has successfully produced seven (7) metric tonnes of Potassium Carbonate, all of which is above 99%+ in purity. The Potassium Carbonate that has been produced is being safely stored and is suitable for sale to the open market. Further expansion to the Corporation’s supply chain network has been completed as the network now has almost 500 ashing units in the field which almost 200 second generation enhanced ashing units in place and in operation. Combined, these ashing units give the Corporation the ability to produce approximately 15 Metric Tonnes of ash, per day, which is a key ingredient in OPC’s Potassium Carbonate.
Sales & Marketing Update
OPC continues to build its potential customer base. Currently, OPC has been in contact with interested parties located in Poland, Egypt, Japan, Germany and the U.K. All of the interested parties contacted OPC directly in regards to the Potassium Carbonate that is currently being stored.
Update on OPC’s Processing Facilities
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A lease has been signed for the Tema mini plant facility for 2013 and currently the Corporation is negotiating a further 5 year lease term. OPC is also in the final stages of receiving exportation license from the Ghanaian Government.
About Organic Potash Corporation
Through its proprietary patented technology, Organic Potash Corporation produces 99% + pure potassium carbonate (potash) from the ash of agricultural waste, in particular, cocoa husks. The purity of the company’s potassium carbonate will allow Organic Potash Corporation to target multiple industries including the Agricultural and Pharmaceutical industry. Organic Potash Corporation is headquartered in Toronto, Ontario and its shares trade on the Canadian National Stock Exchange under the trading symbol “OPC”. For further information, please visit the company website at www.organicpotash.com.
Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation 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. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such.
Neither CNSX Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CNSX) accepts responsibility for the adequacy or accuracy of this release.
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