Sprott Resource Corp. Announces that its Subsidiary, One Earth Farms Corp., Provided an Update Regarding its Operations and 2012 Outlook

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[{"type":"text","content":"\n\n\n\n\n\nTORONTO, Jan. 31, 2012 /CNW/ - (TSX: SCP) - Sprott Resource Corp. (\"SRC\") announced that its subsidiary, One\n Earth Farms Corp. (\"One Earth Farms\"), held an investor conference call\n at 4:00 p.m. on January 31, 2012 (the \"Conference Call\"). The\n Conference Call was hosted by Stephen Yuzpe, CFO of SRC and Chairman of\n the Board of Directors of One Earth Farms, and Larry Ruud, President\n and CEO of One Earth Farms.  The replay of the conference call can be\n accessed by phone until April 27, 2012 by dialing 1-866-551-4520 or\n 1-212-401-6750 and entering pass code 279293 followed by the number\n sign.  The replay will also be available on the SRC website.\n\n\nMr. Yuzpe reported that One Earth Farms is not expected to have\n significant external financing needs in 2012.  However, it is\n anticipated that external financing will be required for 2013, which\n will be a function of the company's financial performance in 2012 and\n growth expectations of both the cattle and crop divisions of One Earth\n Farms.  One Earth Farms has made very good progress towards its vision\n of becoming an integrated business with the strategic opportunity to\n transform Canadian agriculture by reversing the current model of buying\n retail and selling wholesale.  In line with this vision, management of\n One Earth Farms also sees the potential for additional shareholder\n value creation through the development of branded food products grown\n by its cattle and crop divisions.  As such, One Earth Farms' management\n is actively seeking marketing and branding experts and partnerships to\n assist with researching and planning this project.\n\n\nMr. Ruud provided an update with respect to One Earth Farms' continued\n expansion in Alberta and Saskatchewan in 2011, further mitigating\n weather and commodity risks.  In addition to an expanded geographical\n base, One Earth Farms has achieved strong growth in its base cattle\n herd, an area where management sees synergies with the crop division. \n One Earth Farms has developed natural protocols to raise cattle that\n are hormone and antibiotic free and will begin testing the premiums for\n this beef in the market in 2012.\n\n\nAn update with respect to One Earth Farms' crop yields in 2011 was also\n provided by Mr. Ruud, who noted that overall y...

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