Encanto Potash secures $100 mln commitment from GEM
Encanto Potash Corp (TSX-V: EPO), a Canadian potash development and mining company, has secured a $100 million funding facility. The investor is Global Emerging Markets (GEM), a U.S. private equity firm. The facility will allow Encanto to invest over the next three years in the engineering and design phase of a mining project in Saskatchewan. The company secured the mineral rights in a joint venture agreement with Muskowekwan Resources Ltd and representatives of the Muskowekwan tribe. The facility's proceeds will also be used for the procurement and supply of third-party potash. Vancouver-based Encanto is led by President and CEO Stavros Daskos.
21 September 2017•3 mins read
