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.
Read the article online at: https://www.worldfertilizer.com/project-news/09042020/crystal-peak-minerals-reviewing-expenditures-in-response-to-covid-19/
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