IC Potash trades on the Canadian venture exchange under the symbol ICP.v
IC Potash trades on the pinksheets under the symbol ICPTF.pk
Intercontinental Potash Corp.'s strategy is to be one of the world's lowest cost producers of the premium potash: Sulphate of Potash, also known as SOP. Approximatley 4 million tonnes of Sulphate of Potash are sold annualy throughout the world. While regular potash, also known as Sylvite or Muriate of Potash (MOP) is a chloride mineral, and many crops find chloride toxic, SOP has no chloride. A second major advantage of SOP over MOP is that Sulphate of Potash has low salinity, compared to standard or regular potash (MOP) which is very saline, and therefore problematic as a fertilizer in many soils of the world. Many crops find chloride in regular or standard potash (MOP) creates a suboptimal potassium fertilizer in terms of growth quality and robustness. Crops which are particularly sensitive to chloride includes most fruits and vegetables, and tobacco and potatoes in various soils, and many horticultural plants. Many soils in the world, including India, China, North Africa, and the United States are salty, and crops do not do as well in these soils with standard potash (MOP) as with Sulphate of Potash. SOP has a very low salinity compared to MOP, and therefore is much preferred to MOP in salty soils. Given the advantages of Sulpahte of Potash, SOP always sells at a substantial premium price to the price of sylvite or MOP. The premium is usually at least 50%. Intercontinental Potash intends to develop and produce SOP using the mineral polyhalite as a feedstock for SOP. Polyhalite contains the following fertilizer elements: potassium, sulphate, magnesium, and calcium. By using the potassium and sulphate in polyhalite, Intercontinental intends to become one of the world's lowest cost producers of SOP. It is our goal to produce the premium potash, SOP, which can be sold at a premium price, and to produce it at an extremely low cost compared to most other producers of SOP.
ICP is an emerging potassium sulphate producer with assets in southern New Mexico. The Company is currently developing its Ochoa project with current resources of nearly 400m tons of polyhalite, which will be used as a feedstock to produce Sulphate of Potash. Sulphate of Potash, also known as "SOP" or Potassium Sulphate, is a premium quality and premium priced potash. The market for SOP is approximately 4 million tonnes per year. SOP is used as a significant alternative fertilizer to sylvite (Muriate of Potash or "MOP"), particularly in those situations where the chloride in MOP is not attractive for the growth of crops. Chloride sensitive crops include fruits, vegetables, tobacco, potatoes, and horticultural plants.
Trigon Uranium announces name change
- Commences trading on the TSX Venture -
TORONTO, Dec. 17 /CNW/ - Trigon Uranium Corp. ("Trigon" or the "Company") (TSXV: ICP) announced today that following the previously announced acquisition of Intercontinental Potash Corp, a wholly owned subsidiary, the Company has filed articles of amendment to change its name to IC Potash Corp ("ICP"). The Company believes that its new name, IC Potash, better reflects its current vision and strategy: the development of its Ochoa Sulphate of Potash project in Lea County, New Mexico. It is anticipated that the Company will begin trading under its new name on the TSX Venture Exchange ("TSX-V"), at the open on Thursday, December 17, 2009 under the new stock symbol "ICP".
For further information: please visit www.intercontinentalpotash.com or contact:
Investor Relations, Joanna Longo, Vice President, The Equicom Group, (416) 815-0700 (416) 815-0700 ext. 233, email@example.com
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