HOUSTON (ICIS)--Fertilizer developer EPM Mining Ventures (EPM) said on Monday that state regulators have approved all of its water rights applications for its Sevier Lake Playa sulphate of potash (SOP) 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 tonnes/year of SOP.
“We are very pleased with the Utah State Engineer’s decision to approve all applications for our project. 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,” said Lance D’Ambrosio, EPM CEO.
D’Ambrosio added that the company will now focus on completing the remaining permits so that it can soon advance to the construction phase for the fertilizer project.
Salt Lake City-based EPM is focused on development and production through solar evaporation of SOP, which is a premium-priced fertilizer used with special crops and soil types, on the Sevier Lake Playa property, which has deposit reserves estimated at 31.5m tonnes of the specialized nutrient