Prospect Global Resources Inc.'s Pre-Feasibility Study Endorsed and Supported by Sichuan Chemical
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China's Third Largest Chemical and Fertilizer Manufacturer Maintains Enthusiasm about PGRX Holbrook Project
DENVER--(BUSINESS WIRE)--July 22, 2013--
Prospect Global Resources Inc. ("Company" or "Prospect") reports that in response to the recent release of its Pre-Feasibility Study results, Sichuan Chemical Industry Holding (Group) Co., Ltd. ("Sichuan Chemical") has responded with its endorsement and support. Xiaojun Chen, Chairman of Sichuan Chemical's Board of Directors, stated, "We have been major supporters of the Holbrook Project from the very early stages of its development. We support its new management team and their incredible work in redesigning the mine and processing plant. The fundamentals of the project remain solid and continue to improve. As such, Sichuan Chemical is excited about its continuing partnership with Prospect Global Resources and we are exploring ways in which we can make the partnership more comprehensive."
The Company continues to develop the strategic partnership with Sichuan Chemical, China's third largest chemical and fertilizer manufacturer. Damon Barber, Prospect's President and CEO, said, "We are very pleased that Sichuan Chemical remains excited about its partnership with us and look forward to continuing our work with them to refine the relationship. We appreciate the confidence they have in our potash project and their interest in potential future collaborative efforts to further our development."
