18 February 2014 21:25 [Source: ICIS news]
HOUSTON (ICIS)--Jourdan Resources has set its sights on developing an additional phosphate site in Quebec with its acquisition of the Outardes Property, the Canadian fertilizer developer announced on Tuesday.
Company officials said that the Outardes Property is covered by ultramafic rocks similar to those found at the other phosphate properties in the region controlled by Jourdan.
Quebec-based Jourdan is engaged in the exploration and development of phosphate mining properties in the region and acquired several sites in 2013, which include the Lac Catherine operation and adjacent Sault Au Cochons site. The Outardes site is located approximately 60km (37 miles) east of Jourdan's Dissimieux Lake Phosphate Property.
Jourdan CEO Michael Dehn said that the goal of the company remains to become the dominant phosphate miner in North America and that the Outardes site compliments its portfolio of other properties.
“The continued exploration success Jourdan has been able to deliver, along with additional new projects with high potential for phosphates, will allow Jourdan to continue to be a focused on phosphate exploration and development in Quebec,” said Dehn. “We believe there will be a constant and ever-increasing demand for phosphates for fertilizer as global population growth increases.”
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