Sirius Minerals PLC: York Potash land acquisition
October 25, 2013 (Source: Sirius Minerals) — The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY) (“Sirius” or the “Company”) are pleased to confirm that its subsidiary York Potash Ltd has completed the purchase of Dove’s Nest Farm (“the farm”), near Sneaton, Whitby.
The farm is the site of the proposed shafts and sub-surface processing buildings for the York Potash Project (the “Project”). The completed sale totals approximately 100 acres of freehold ownership and includes farm buildings, the farmhouse and three separate holiday accommodation units. The sale has been completed on fair market terms.
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The farm will remain occupied and operational in advance of the approvals process being completed for the Project.
Chris Fraser, Managing Director and CEO of Sirius said:
“There is no greater evidence of our determination to achieve the approval and completion of this project than our purchase of Dove’s Nest farm, the proposed location of the mine.”
About Sirius Minerals Plc
Sirius Minerals is a globally diversified potash development company. Its primary focus is to bring on stream major potash mining facilities through the acquisition and development of projects overlying recognised potash deposits. Today it holds properties in the United Kingdom (North Yorkshire) and the United States (North Dakota). Incorporated in 2003, Sirius Minerals’ shares are traded on the London Stock Exchange’s AIM market. Its shares are also traded in the United States on the OTCQX through a sponsored ADR facility. Further information on the Company can be found at www.siriusminerals.com.
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>