The United Nations estimates that the world’s population will reach 7.7 billion by 2020 and 9.3 billion in 2050. Another United Nations estimate says that only 30% of the arable land in use in the 1950’s will be available per person in 2050.
“Just when we need more soil to feed the 10 billion people of the future, we’ll actually have less—only a quarter of an acre of cropland per person in 2050, versus the half-acre we use today on the most efficient farms.” David Montgomery, author of the 2007 book Dirt: The Erosion of Civilizations
Fertilizers are going to become increasingly important to improve crop yields.
Western Potash Corp is a Potash Company focused on building Canada's most efficient Potash Solution Mine. Western Potash Corp. is currently working toward the completion of a Positive Feasibility Study at its Milestone Potash Project in Saskatchewan.
Solution mining takes advantage of the fact that mineral solubility in water improves with increasing temperature. Since temperature increases with depth, deeper potash deposits become candidates for solution mining. In line or primary solution mining, water is sent down a pipe to the deposit and circulated to dissolve halite (sodium chloride) and sylvite (potassium chloride); the solution is then pumped to the surface. In secondary mining, a halite-rich brine is injected into the deposit, selectively dissolving the sylvite and leaving the mineralized halite behind.
Solution mining benefits:
- Development costs are significantly lower
- Development timelines are shorter
- Production is easily scalable
Mining risk is significantly decreased
At the request of market surveillance on behalf of the Toronto Stock Exchange, Western Potash Corp. would like to clarify that the intentions of Western Potash are to, as has been previously disclosed, seek a strategic partner in order to facilitate and complete the continuing feasibility work that would lead toward the building of the company's Milestone potash project. Western Potash is not currently involved in any negotiations for the outright sale of the company, but has met with and is still currently involved in continuing negotiations with numerous parties, any of which could lead to equity and debt financings, joint ventures, takeovers and other types of merger transactions.