EPM Mining Announces the Granting of All Water Rights Applications for Its Sevier Playa Project
2014年5月5日 - 8:00PM
Marketwired
EPM Mining Announces the Granting of All Water Rights Applications
for Its Sevier Playa Project
TORONTO, ONTARIO--(Marketwired - May 5, 2014) - EPM Mining
Ventures Inc. ("EPM" or the "Company") (TSX-VENTURE:EPK)
(OTCQX:EPKMF) is pleased to announce that the Utah State Engineer
has approved all water rights applications for its Sevier Lake
Playa Sulphate of Potash ("SOP") Project located in southwestern
Utah (the "Project"). In total, five applications were granted in
full as the Company had requested.
"We are very pleased with the Utah State Engineer's decision to
approve all applications for our project," said Lance D'Ambrosio,
Chief Executive Officer of EPM. "These water rights represent the
culmination of a multi-year effort, mark a significant milestone
that substantially de-risks the project, and most importantly,
provide us with all the water specified in our preliminary
feasibility study filed last November. I want to personally thank
everyone at the State Engineer's office and the entire EPM team for
their contributions and to commend both groups for their
professionalism. We look forward to completing the remaining
permits so we can start building our specialty fertilizer
project."
The five water rights applications approved by the Utah State
Engineer grant sufficient brine as well as fresh water for the
Sevier Playa Project to operate at its projected production
capacity of 300,000 metric tonnes of SOP per year. The State
Engineer considered the filings as "distinct and separate" from
other water rights applications in the subject area and imposed no
restrictions beyond those presented by the Company in its
applications.
About EPM Mining
Ventures
EPM is an exploration-stage company focused on specialty
fertilizers. Through Peak Minerals Inc., its indirect wholly-owned
subsidiary, EPM controls directly or through agreement mineral
leases on more than 124,000 acres on its Sevier Lake Playa property
in Millard County, Utah. With a brine resource known to contain
potassium, magnesium, sulphate, lithium, and a suite of other
beneficial minerals, EPM is targeting the development and
production of specialty fertilizers, including SOP, through the use
of a cost-effective solar evaporation process. SOP and other
specialty fertilizers are used in the production of high value,
chloride-sensitive crops such as fruits, vegetables, and tree nuts.
With the recent completion of a Preliminary Feasibility Study, the
Company is currently engaged in engineering and analysis designed
to support a feasibility study, environmental permitting, and
ultimately mineral production.
For more information, please visit our web site at
www.epmmining.com.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
EPM Mining Ventures Inc.Lance D'AmbrosioChief Executive
Officer(801) 485-0223www.epmmining.com
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