Milestone Potash Project have approved a three-phase development plan for the 2.8 million tonnes per annum capacity Western Resources in Saskatchewan, Canada, along with the Phase I early works. Phase I has an annual capacity of 146,000 tonnes of granular potash and is financed through a $60m credit facility with a Chinese bank, while a non-binding memorandum of understanding with a North American agricultural company will transport the Phase I potash production to the North American market. The first stage of Phase I will be completed this year and a $13.6m budget has been approved for the early works.
Western Resources have approved a three-phase development plan for the 2.8 million tonnes per annum capacity Milestone Potash Project in Saskatchewan, Canada, along with the Phase I early works. Phase I has an annual capacity of 146,000 tonnes of granular potash and is financed through a $60m credit facility with a Chinese bank, while a non-binding memorandum of understanding with a North American agricultural company will transport the Phase I potash production to the North American market. The first stage of Phase I will be completed this year and a $13.6m budget has been approved for the early works.