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Dear Investor ,
Vancouver BC - Western Potash Corp. (TSX: WPX) (FSE: AHE) ("the Company")-- On Monday, June 25 the City of Regina approved the Key Commercial Terms (the "Agreement") that will see a large portion of the City's treated sewage effluent routed to Western Potash Corp.'s Milestone Potash mine site, located approximately 30 km Southeast of Regina and 80 km Southeast of Mosaic's Belle Plaine mining lease.
The Agreement, if paid out annually, is worth more than $200 million to the City of Regina over the 45 year term of the Agreement and will see up to 60,000 cubic metres of treated effluent diverted daily from the Regina wastewater treatment plant to the Milestone Potash Project mine site. The City of Regina, as the proponent of the Agreement, will operate the pump house and pipeline and will be responsible for obtaining all necessary environmental approvals. Western Potash will fund the capital costs associated with the construction of the pump house and pipeline.
"Western Potash is delighted to have reached this Agreement with the City of Regina and is pleased to be working together to sustainably innovate the potash solution mining process," says Western Potash Corp. President and CEO Patricio Varas. "There are certainly no other potash solution mines in the world utilizing treated waste water."
Once up and running, the Milestone Project will draw between 40% and 70% of the City of Regina's wastewater.
"This innovation is a win-win for everyone," said Acting Deputy Mayor Louis Browne. "Not only is the City of Regina now being compensated for treating a waste product, but we are facilitating economic growth in one of Saskatchewan's key sectors: Potash development. In addition, downstream negative effects such as increased algae will also be alleviated, making this is a prime example how creative thinking and partnerships can yield a more promising future for everyone."
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Western Potash Corp. is a potash development company focused on building Canada's most efficient potash solution mine. The company is working toward the completion of a positive Feasibility Study at its Milestone Project in Saskatchewan, Canada
For more information on our Western Potash please visit the company's website . Or call us at 604-689-9378.
Sincerely,
Angela Aydon
Investor Relations
Western Potash Corp.
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