DuSolo Fertilizers Inc., ("DuSolo" or "the Company") is pleased to announce that it has entered into an agreement ("the Agreement") with Mineração Batalha e Participações Ltda. ("the JV Partner") to acquire the São Roque Phosphate Project ("São Roque" or "the Project") in southeast Brazil.
Lara Exploration Ltd., ("Lara" or the "Company") is pleased to report that joint venture partner, Kiwanda Group LLC ("Kiwanda"), is commencing a trenching and sampling program at the Ki Phosphate Rock Project ("Ki Project"). The Ki Project comprises 21,390 hectares of exploration licenses at Bahia Inglesa in Northern Chile, owned 100% by the Phosphate Alliance between Kiwanda and Lara. The Ki Project is adjacent to and covers extensions of the phosphate-bearing basins currently being mined by Bifox Ltda., where the Phosphate Alliance also has a purchase option.
Lara Exploration Ltd. is pleased to report that it has signed a Letter of Intent with Kiwanda Group LLC and Dr. Carlos Caceres Giron to secure and develop phosphate rock projects in Colombia.
Focus Ventures Ltd. is pleased to provide an update on its Bayovar12 phosphate rock project in Peru, including the addition of an experienced mining engineer to the team and a change to the scope and timing of on-going engineering studies.
Montero Mining and Exploration Ltd. recently entered into a definitive agreement with Ovation Capital, a South African based investment firm, to fund development of Montero's phosphate rock properties near Saldanha Bay (Ref press release March 2, 2015).
DuSolo Fertilizers Inc., ("DuSolo" or "the Company") has reached its full production capacity of 20,000 tonnes per month at its Bomfim Processing Plant (the "Plant") where the Company manufactures its Direct Application Natural Fertilizer ("DANF") product.
Great Quest Fertilizer Ltd ("the Company") is pleased to announce the Malian Ministry of Environment, Sanitation and Sustainable Development, has granted the Company an environmental permit for the development of the Tilemsi phosphate deposit and the construction of the Phase I production facility in the agricultural region of Dogofry, Segou, Mali.
DuSolo Fertilizers Inc., ("DuSolo" or "the Company") is pleased to announce that it has entered into a two-year, 60,000 tonne sales contract (30,000 tonnes per year) (the "Contract") for its 15% P2O5 Direct Application Natural Fertilizer ("DANF") product with a local Brazilian fertilizer distributor (the "Buyer"). Over the term of the Contract, the Buyer has agreed to pay BRL230 per tonne for total proceeds of BRL13,800,000 or approximately C$5,500,000 (all figures as per the June 3, 2015 exchange rate).
Focus Ventures Ltd. is pleased to announce that its Phase 2 drill program has commenced at the Bayovar 12 phosphate project in northern Peru.
Glen Eagle Resources Inc. ("Glen Eagle" or the "Company") is pleased to announce that following exceptional drilling results on its Moose Lake phosphate project located in Quebec (see News Release February 18, 2015), the Company has signed an option agreement to acquire 63 mining claims almost contiguous to the property.