Cartesian agreed to make the strategic investments in IC Potash’s subsidiary, Intercontinental Potash Corp. The investment represents Cartesian’s continued support in the Ochoa project. To date Cartesian has funded US$17.5M into the development of the Ochoa project.
“The positive results of the independent Canadian National Instrument 43-101 compliant (NI 43-101) Preliminary Economic Assessment announced earlier this month have encouraged the continued investment in the Ochoa polyhalite deposit. The Ochoa project is a very strategic asset in the development of polyhalite in the United States,” IC Potash President and CEO, Mehdi Azodi, stated.
