Passport Potash is an exploration stage company engaged in
the acquisition and development of advanced potash properties. The company’s
primary project is located in the Holbrook Basin of Arizona, which, according
to a report by the Arizona Geological Survey, currently contains an estimated
six billion tons of potash. In addition to holding significant minable
deposits, Passport’s property provides the company with a collection of
strategic advantages over international potash development projects – including
convenient access to BNSF rail lines, interstate highways and a major power
plant located within 25 miles of the site.
Potash is used primarily by the agriculture industry as a
potassium-rich form of fertilizer, providing one of the three essential
nutrients needed to grow plants. Although it is a generic term used to describe
a variety of minerals and manufactured chemicals containing potassium, potash
is a fairly limited resource that is found in only a few places around the
world. Despite the limited supply, global demand for potash is on the rise due
to increasing demand for food and biofuels. For Passport, this demand could
translate into an opportunity for strong financial growth moving forward.
In addition to its own property, Passport has entered into a
strategic agreement with the nearby Hopi Tribe to work toward the future
development of approximately 13,000 acres of contiguous privately-held tribe
land, giving the company improved access to the area’s promising potash
deposits. Based on historical drilling data, as well as data gathered from the
drilling of 52 new holes since 2009, an independent preliminary economic
assessment identified an estimated 398 million tons of mineable potash on the
combined property, demonstrating the immense growth potential for Passport as
it approaches the commencement of mining operations.
Currently, the company is engaged in pre-feasibility and
feasibility studies to determine the best approach to initiating mining
operations at its sizable project. For prospective shareholders, the estimated
volume of potash onsite, as well as the growing global demand for
potassium-rich fertilizers, makes Passport an intriguing early investment
opportunity. Look for the company to continue making strides toward the
development of its Holbrook Basin project in the months to come.
For more information, visit www.passportpotash.com
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