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Karnalyte Resources’ vision is to become a leading low-cost producer of high quality, low sodium potash for agricultural and industrial markets. The Company intends to construct and operate a solution mining facility capable of producing 2.125 million tonnes of potash per year. The production plan calls for a staged approach to plant construction whereby the first phase of the project will result in production of 625,000 tonnes of potash per year and increase to 2.125 million tonnes of potash per year.
Select Industries is a Wichita Falls, TX-based company in the Agriculture and Mining sector.
General Moly is a U.S.-based mineral company engaged in the exploration, development and mining of molybdenum (”moly”). Molybdenum (“moly”) is a metallic element used primarily as an alloy agent in steel manufacturing. When added to steel, moly enhances steel strength, resistance to corrosion, and extreme temperature performance. Within the chemical industry, moly has an important role in the petroleum refining process, acting as a cracking agent to remove sulfur from liquid fuels.
Red Moon Potash Inc. is a subsidiary of Vulcan Minerals Inc. (www.vulcanminerals.ca) . The company was listed on the TSX Venture Exchange in August, 2012. Vulcan discovered a potash zone in the Bay St. George basin of western Newfoundland during the course of petroleum exploration. This early stage discovery is very encouraging, encountering grades up to 32% KCI (20%K20) less than 300 meters deep. Red Moon intends to further explore and potentially develop the existing Captain Cook potash discovery and other nearby potash targets and will launch a drilling program in 2013 to evaluate the potash potential in western Newfoundland. The drilling campaign will be designed to determine the probability of the existence of a commercial potash deposit (sufficient grade over minable width). Favourable potash drilling results will form the basis of a pre-feasibility study, further drilling (tonnage definition) and a feasibility analysis which will likely attract development proposals from third parties for financing and development. Preliminary potash drill locations have been identified from an extensive geological/geophysical database. Internal work is underway for planning/permitting and procurement of a 2013 drilling program. Since there is every indication of a substantial associated salt deposit discovery, with grade exceeding 98% NaCl, the company will continue to evaluate the merits of a commercial salt deposit in conjunction with the potash evaluation program.
Cerrejon is a Miami, FL-based company in the Agriculture and Mining sector.