Business
Encanto Potash and Muskowekwan First Nation Announce Financial Commitment from the Government of Canada (Indigenous Services Canada)
Encanto Potash and Muskowekwan First Nation Announce Financial Commitment from the Governm...
About this update from Encanto Potash Corp.
[{"type":"text","content":"\n\n\n\nEncanto Potash and Muskowekwan First Nation Announce Financial Commitment from the Government of Canada (Indigenous Services Canada)\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, July 23, 2018\n\n\n\nTSX-V: EPO\n\n\n\nVANCOUVER, July 23, 2018 /CNW/ - Encanto Potash Corp. (\"Encanto\") (TSX-V: EPO) and the Muskowekwan First Nation are pleased to announce the confirmation of the Government of Canada's funding to support the upcoming engineering steps of the Encanto/Muskowekwan potash project via Indigenous Services Canada. \n\nThe collaborative process between Indigenous Services Canada, Muskowekwan First Nation, and Encanto Potash Corp. started in the fall of 2017, working together diligently to maximize the appropriate and timely financial support for the engineering project needs as efficiently as possible. \n\nEncanto's new Chief Operating Officer (\"COO\") Richard Lively states: \"I am proud of the team effort that brought us to this stage and the cooperation we received from Indigenous Services Canada.  We are delighted that both the provincial and federal governments have the confidence in our plan to move the project forward and see this as the beginning of a long-term successful relationship.\"  \n\nThe project, due to its First Nation ownership stake as well as the 20 year off take signed by the National Federation of Farmers' Procurement, Processing, and Retailing Cooperatives of India Ltd., which represents 25 of the 29 states of India, was highlighted as a strong opportunity for funding as the project will share benefits for all parties, specifically through First Nations development and international trade relationships for Canada. \n\n\"Today's funding is an example of how the Government of Canada can support initiatives that fuel the economy, foster partnerships and accelerate regional growth in Indigenous communities. Canada is pleased to provide the funding through the Community Opportunity Readiness Program to the Muskowekwan First Nation, as it promotes economic development and advances reconciliation.\"...