"Jones-Hamilton's reputation, experience and established distribution networks make them an ideal partner for the sale of our by-product hydrochloric acid. We are also very pleased to have Jones-Hamilton participating in Valleyfield's financing through funding of the hydrochloric acid facilities," said Guy Bentinck, Potash Ridge's President and Chief Executive Officer. "The commitment from Jones Hamilton represents a major milestone in progressing this project into execution in early 2017, with production targeted to commence by year-end. We're in the advanced stage of securing project financing, and look forward to updating shareholders in due course."
"This agreement represents a great opportunity to enhance our presence in Eastern Canada and Northeast United States," said Bernie Murphy, President of Jones-Hamilton. "Valleyfield's demonstrated commitment to quality and reliability was an important factor in our decision to partner with Potash Ridge. We look forward to a long and mutually profitable relationship with Valleyfield and Potash Ridge."
Sulphate of potash is the world's most popular low-chloride fertilizer.
