Business
Elemental Minerals Appoints Cutfield Freeman & Co Ltd. as Strategic Adviser
PERTH, AUSTRALIA, March 7, 2013 /CNW/ - Elemental Minerals Ltd. (ASX, TSX: ELM) ("Element...
About this update from Element Lifestyle Retirement Inc.
[{"type":"text","content":"\n\n\n\n\n\nPERTH, AUSTRALIA, March 7, 2013 /CNW/ - Elemental Minerals Ltd. (ASX, TSX: ELM) (\"Elemental\" or \"the Company\") is pleased to announce\n that it has retained Cutfield Freeman & Co. Ltd (\"CF&Co\") to act as its\n financial advisor in relation to seeking one or more joint venture\n partners for the Sintoukola Potash Project (the \"Project\") in the\n Republic of Congo as the Company initiates its Bankable Feasibility\n Study and readies the Project for development.\n\n\nIn June 2012, Elemental initiated a review of various strategic\n alternatives to maximize shareholder value. Based on this review,\n Elemental's Board of Directors has decided to seek one or more joint\n venture partners to participate in development and operation of the\n Project. The aim of the process will be to secure joint venture\n arrangements which permit the Project to be developed in a timely\n fashion.\n\n\nCF&Co is an independent corporate finance advisory firm with offices in\n London, Toronto and Hong Kong that specializes in the mining sector.\n\n\nCommenting on CF&Co's appointment Elemental's CEO, Iain Macpherson\n stated: \"Cutfield Freeman & Co. is the right firm to implement our joint venture\n strategy. It has a track record of working with junior mining companies\n facing challenges similar to ours. We are confident that the\n opportunity to invest in this world class project, and secure reliable,\n long term potash supplies will be very attractive to potential\n partners.\"\n\n\nAbout Elemental Minerals\n\n\nElemental Minerals Limited (ASX/TSX:ELM) is an advanced mineral\n exploration and development company that aims to grow shareholder value\n through its 93%-owned Sintoukola Potash Project. The Sintoukola project\n has the potential to be among the world's lowest-cost potash producers\n and its strategic location near the coast of Central Africa offers a\n transport cost advantage to key Brazilian and Asian fertilizer markets.\n With construction due to begin in 2014, Elemental Minerals is expected\n to begin initial potash production in 2017 and reach full capacity in\n 2018. For more information, visit www.elementalminerals.com.\n\n\nKola Project Summary1\n\n\nThe Kola Prefeasibility Study (PFS) was completed in September 2012 and\n was led by SRK Consulting (US) Inc. Based on a Measured and Indicated\...