Potash Ridge Corp. has reported that its wholly-owned subsidiary, Utah Alunite LLC, has made the final instalment of US$668 936 to the Utah School and Institutional Trust Lands Administration (SITLA) pursuant with the terms of converting its Exploration and Option Agreement for the Blawn Mountain property into a Mining Lease.
Following this final payment, Potash Ridge has fulfilled its obligations with respect to the conversion, and consequently has rights to develop the Blawn Mountain property.
Guy Bentinck, Potash Ridge's President and CEO, commented: "Securing unencumbered rights to developing Blawn Mountain is a major milestone in advancing this world-class project. Blawn Mountain will be a long-life, low-cost producer of potassium sulfate strategically located in North America's underserved market. Development of Blawn Mountain continues, with the major activities being advancing detailed engineering, securing offtake, and project financing."