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Potash Ridge secures long-term supply of sulfuric acid

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World Fertilizer,

Potash Ridge Corp., a near-term producer of premium fertilizer in North America, has signed a five-year agreement with a major North American supplier for 100% of the corporation's sulfuric acid requirements for its Valleyfield Project in Valleyfield, Quebec.

Valleyfield is a planned 40 000 tpy potassium sulphate (SOP) fertilizer production facility that will use the proven Mannheim Process.

"This supply agreement secures the supply and price of our second largest raw material input cost for the long-term," said Guy Bentinck, President and Chief Executive Officer. "The next steps to constructing Valleyfield will be permitting, finalising the $50 million financing requirement, and securing SOP off-take agreements, all of which are expected in early 2017."

This five-year agreement is effective upon commencement of Valleyfield's operations. Construction is scheduled to start in early 2017, with commissioning anticipated nine to twelve months after construction start-up.

Valleyfield's production of SOP will serve the growing market demand for low-chloride fertilizers for a wide variety of fruits, vegetables, and other chloride intolerant crops in eastern Canada and throughout the US eastern seaboard.

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