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Crystal Peak Minerals reviewing expenditures in response to Covid-19

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World Fertilizer,

Crystal Peak Minerals has announced that it is reviewing all expenditures related to its Sevier Playa sulfate of potash project in Utah, US, and will take reasonable measures to preserve cash. All non-essential disbursements and all non-critical engineering work has been suspended until there is reduced volatility in financial markets.

Since the project is not yet operational, there are limited activities at that site. All necessary environmental and regulatory procedures are going forward on schedule. Where appropriate, other activities have been deferred.

Regarding engineering, studies are underway seeking to optimise project development, reduce initial capital expenditures, improve operating costs, shorten time to first production, and to include the potential benefits of valuable by-products. Furthermore, the company is continuing to work with potential partners to secure an offtake arrangement for the project’s anticipated products.

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