Western Potash Corp. Milestone Project Environmental Impact Study Enters Public Review Stage
February 5, (Source: Western Potash Corp) Vancouver, BC — Western Potash Corp. (WPX: TSX) (FSE: AHE) is pleased to announce that the Saskatchewan Ministry of Environment has initiated the 30 day public review phase on the Environmental Impact Statement for the proposed Milestone Solution Potash Mine.
A draft EIS was submitted to the MOE on August 31, 2012 and is the culmination of over two years of environmental data collection, analysis and reporting. Following a review by Government technical reviewers, Western Potash finalized the EIS and submitted it to the MOE in late January 2013. The EIS will now be available from the MOE for public review and comment, starting on February 4, 2013. Following the public review period the Minister of Environment will provide an Environmental Assessment decision regarding the Milestone Project. Western Potash Corp anticipates this decision in quarter 1 of 2013. Project construction permitting can be initiated assuming a positive decision from the MOE.
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Western Potash Corp. is a development stage potash company focused on building Canada’s most efficient potash solution mine, with commercial production expected to commence in 2016. The Company intends to develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. A positive Feasibility Study for the Milestone Project was completed in December 2012, demonstrating robust project metrics.
Western Potash Corp. has engaged Network IR to provide investor relations and marketing services. Network IR is a Vancouver based marketing firm founded by Andrew Mugridge and Benjamin Curry. Network IR will perform services that include active outreach to the investment community focusing on enhancing the Company’s exposure to industry stakeholders and investors. Network IR will be paid a monthly fee of $7,500 for services rendered.
Cautions Regarding Forward-Looking Statements
Western Potash cautions the reader that there is no guarantee that any of the matters set out above, including the EIS, are in full compliance with the requirements of the MOE, will completely meet their expected uses, or be accepted by the MOE for its purposes or meet all of its requirements. 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 the EIS and 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 “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.
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