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Saskatchewan is the Potash Capital of the World. Encanto Potash currently has agreements with seven First Nations Peoples to assist them in developing potash resources on their lands, which are located within a radius of about 80 kilometers, and cover an aggregate area of over 187,000 acres (76,000 hectares) in South-Eastern Saskatchewan. In addition, Encanto most recently acquired the rights to four potash interests from Raytec Metals, including its Spar and KP452 potash properties, which covers more than 179,000 acres (72,800 hectares) of potash permits located in Saskatchewan.
All of Encanto Potash’s properties are located in the heart of the potash producing capital of the world, and represent a great opportunity to create sustainable wealth for the local community, and for shareholders.
Potash is a high margin product, and has no commercial substitute. Potash prices have risen 500% in the last few years, and remain steady. Encanto and First Nations are working together to rapidly explore for and develop an economic potash deposit.
It’s a win-win relationship where resource development is being done with appreciation of First Nations distinct governance, culture and values, and consideration of investors and key stakeholders. Everyone’s interests are aligned in creating prosperity and social benefits that will last for many years.
Potash is a key source of potassium, which is a natural component of fertilizer that increases crop yields.
The world’s population is growing by 75 million people per year. The only known way to feed this growing population is to increase crop yields with fertilizer – and potassium obtained from potash is one of the key components.
With the increased world population, the United Nations Food and Agriculture Organization (FAO) estimates that the total world demand for agricultural products will be 60 percent higher in 2030 than it is today. FAO projects that more than 85 percent of this additional demand will come from developing countries. *
*The Fertilizer Institute
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