SOPERIOR FERTILIZER PREPARING OBA SUBMISSION
22 Mars 2024 - 12:00PM
SOPerior Fertilizer Corp. (the “Company” or “SOP”)
(NEX:SOP.H). The Company informs that its existing 10-year
Other Business Arrangement (“OBA”) with the School and
Institutional Trust Lands Administration (“SITLA”) for the Blawn
Mountain mineral leases expires on April 1, 2024. SOP is engaged
with the regulator and working on its submission for a renewed OBA.
SOP’s submission will be supported by the planning and numerous
studies undertaken, including environmental and plant location
studies, and the financial expenditures incurred by the Company and
its proposed JV counterparty in preparation for the start of the
Front End Engineering Design (FEED) for the first phase commercial
project planned to commence in 2024.
SITLA has Board of Directors meetings scheduled
for mid-April and May, 2024. Depending on the duration of the SITLA
review process, it is expected that the OBA will be tabled for
approval at one of those two meetings. SOP is hopeful that the OBA
process will proceed in its favour.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
On Behalf of the Board of Directors
SOPERIOR FERTILIZER CORP. “Andrew Squires”
CEO and Director
Contact InformationPhone:
(403)-850-0422E-mail inquiries:
info@SOPeriorfertilizer.comwww.SOPeriorfertilizer.com
FORWARD LOOKING STATEMENTS:
This news release contains forward-looking statements, which relate
to future events or future performance and reflect management's
current expectations and assumptions. Such forward-looking
statements reflect management’s current beliefs and are based on
assumptions made by and information currently available to the
Company. Investors are cautioned that these forward-looking
statements are neither promises nor guarantees, and are subject to
risks and uncertainties that may cause future results to differ
materially from those expected. These forward-looking statements
are made as of the date hereof and, except as required under
applicable securities legislation, the Company does not assume any
obligation to update or revise them to reflect new events or
circumstances. All of the forward-looking statements made in this
press release are qualified by these cautionary statements and by
those made in our filings with SEDAR in Canada (available at
www.sedar.com).
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