Official BLM Verification of Receipt and Recording of Exclusive Potash Permit Applications In The Paradox Basin, Utah USA
is pleased to announce verification by the Moab Utah BLM regional office of receipt and official documentation and filing of our 12 potash permit applications in the Paradox Basin of southeast Utah, USA that the Company has under option through the agreement with Sweetwater River Resources LLC. Each permit application has been issued a registration number and recorded on the BLM website L-2000. The significance of receipt and official recording by the BLM of these potash permit applications is that AMP now has exclusivity to the area covered by the 12 permit applications. No other partys potash permit applications covering the existing AMP potash permit applications will be accepted by the BLM.
The new AMP potash permit application area corresponds to areas covered by the original AMP potash prospecting permits that were issued by the BLM in February 2014. The BLM does not expect to officially convert potash permit applications into potash prospecting permits until finalizing their Master Leasing Plan (MLP) for the Moab-Monticello BLM districts. The BLMs current MLP draft recommends a preferred option D. Option D includes three designated potash exploration and development areas, and one of these designated areas encompasses our 12 permit applications
About the Company
American Potash Corp. is dedicated to the acquisition and development of potash mineral deposits in the USA and elsewhere.
On behalf of the Board of Directors
Rudy De Jonge
Rudy De Jonge, CEO
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Statements in this press release other than purely historical information, including statements relating to the Companys future plans and objectives or expected results, are “Forward-Looking Statements” within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended and Canadian securities laws. Forward Looking Statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Companys business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the Forward Looking Statements.
Key assumptions upon which the Companys forward-looking statements and information are based include, but not limited to: the price of potash will rise and not fall significantly; the Companys ability to secure new financing to continue its exploration and development activities; there being no significant changes in the ability of the Company to comply with environmental, safety and other regulatory requirements; the Companys ability to obtain regulatory approvals in a timely manner; and the Companys ability to achieve its growth strategy. These assumptions should be considered carefully by readers. Readers are further cautioned that the foregoing list of assumptions is not exhaustive. Although the Company believes that the assumptions on which the forward-looking statements or information are made are reasonable, based on the information available to the Company on the date such statements were made, no assurances can be given as to whether these assumptions will prove to be correct.