Potash One Corporation (Pinetree Investment) (KCL:TSXV or KCLOF).
Start-up Potash Company with a market cap of less than $ 75 million with a new corporate name and a new CEO.
New CEO was founder of leading uranium exploration company sold for in excess of $ 1.2 Billion (3 year growth 3,500+%)
"It's more important than manufacturing, technology and healthcare inddustries. I'd even go as far to say it's more important than oil. It's right up there with water because it's still absolutely essential to man's survival. And without this vital mineral, the world would not have nearly enough food to feed its growing population. Now, supply and demand are gettubg seriously out of whack. Thanks to Potash, crop production has stayed in line with agricutural demand. The U.S. consumes 4.5 million tons of potash but produces only 700,000 tons. This is a 85% deficient. China consumes 4.5 million tons of Potash but produces only 430,000 tons. More than 70 countries use potash but only 12 countries produce potash. 82% of all countries are net importers of potash. Potash prices have gone from $ 80 ton to $ $180 ton. 53% of the world's potash production comes from the Canadian province of Saskatchewan. Repeat: 53% of the world's potash production comes from the Canadian province of Saskatchewan. However, Saskatchewan isn't located anywhere near a major shipping port so every single ton of potash has to go by railcar to Vancouver to be shipped overseas or taken to the U.S. via rail. There is no other option.
In the Canadian province of Saskatchewan Potash One controls over 97,000 acres of previously explored potash-bearing property which is directly adjacent to a large potash producing mine to the south of the Company's property (owned by Mosaic).The Legacy Project shares the same geological structure with this currently producing potash solution mine.
Potash One's property is perfectly situated for an in-situ recovery (ISR) operation. This is the process in which you pump water into the ground, letting the minerals dissolve into a solution and then pump them back up. The process has proved extremely efficient. Mosaic -- a major producer whose stock has increased substantially-is using ISR on the property beside Potash One to get its potash out of the ground quite easily and Potash One will be doing the same.
In Potash One's official report filed with the Toronto Stock exchange the compnay states that it has potentially 972 million tons of potash or $ 174 billion worth." *
This for a company with a market cap of less than $ 75 million.
* "Oil has nothing on this Mineral Boom.... Breakaway Investor
Website: isxresources.com
Corporate presentation: isxresources.com
Company Overview
Potash One is a Canadian-based resource company engaged in the identification, acquisition, exploration and development of advanced resource properties. Potash has a solid balance sheet and experienced technical and corporate management to advance its current project to the next level. The primary interests of the company include an option to acquire 100% of a 97,240-acre Potash Exploration permit in Saskatchewan, Canada.
In his inaugural speech to Potash One shareholders, Mr. Matysek (New CEO and President) expressed his confidence that the Company has a ground floor opportunity to develop one of the largest greenfield potash projects in the world. Potash One controls an established historical potash resource in Saskatchewan, the largest potash producing region in the world. The Company completed a 43-101 report on the property earlier in 2007.
With the recent appointment of Mr. Paul Matysek as the new CEO and President and the name change, the Company is now solely focused on developing its significant potash property in southern Saskatchewan, the largest potash producing region in the world. The Company controls over 97,000 acres of previously explored potash-bearing property which is directly adjacent to a large potash producing mine to the south of the Company's property (owned by Mosaic).The Legacy Project shares the same geological structure with this currently producing potash solution mine.
Potash One's Legacy Project in Saskatchewan was previously explored by Imperial Oil Ltd. (now Exxon) and Lumsden Potash Corporation.
The 43-101 report completed earlier in 2007 confirms 40 million tonnes in indicated resource category and 390 million tonnes in inferred resources. The grades are consistent ranging between 19% and 22% of K2O.
The Company entered the potash sector early in 2005 before the potash prices started their current uptrend. The market fundamentals such as rise in demand for agricultural goods for food and biofuels are expected to remain strong and even grow stronger. This demand is driven by continuing growth in emerging economies such as China and India where the quality and quantity of food consumption is on the rise. A new source of demand for fertilizers, thus potash, also comes from the use of grains for biofuels such as ethanol. On the other hand, the arable land worldwide is rapidly shrinking. These factors put an upward pressure on demand, driving potash prices to record levels in the recent months.
Paul Matysek, the Company's President and Chief Executive Officer, stated: "This is an excellent time to be in the potash industry. We are very pleased that we could secure a company defining trading symbol, "KCL", which clearly reflects our commodity focus. The new name and symbol affords Potash One the opportunity to create strong brand recognition in the fertilizer market and investment world. We are in the best potash producing area of the world with an established infrastructure that will significantly facilitate our development plans. Potash One is already conducting a number of technical and financial studies that will allow us to advance our previously explored potash project to the next development stage."
Management & Directors
NEW CEO and President:
Paul Matysek, M. Sc, P. Geo
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Mr. Matysek is an experienced geochemist/geologist with a Bachelor of Science degree and a Masters of Science degree in Geology. Mr. Matysek has held management and director positions with several natural resource exploration and development companies.
Most recently Mr. Matysek was the CEO and President of Energy Metals Corporation, a premiere uranium company traded on New York Stock Exchange and Toronto Stock Exchange. Energy Metals became one of the fastest growing companies in Canada in the last two years having grown from a market capitalization of only $10 million in 2004 to $1.2 billion when it was sold to a larger uranium producer earlier in 2007.
He has been involved in raising over $200 million for various exploration and development projects since 1999.
Potash one Fortunues best investing ideas for 2008
money.cnn.com
Fertilizer has really been a growth business of late (forgive us). As prosperity spreads across the planet, swelling the ranks of the middle class, agricultural needs are growing too. At the same time, higher energy prices have increased global demand for ethanol, raising corn prices. What's more, as developing countries like China convert more land to industrial use, the acreage left for agriculture is shrinking. All that points to a bull market for fertilizing nutrients.
News Releases
December 06, 2007
ISX Changes Name to Potash One Inc.
ISX Resources Inc. (the "Company") is pleased to announce that it's name has changed to Potash One Inc. The name change was approved at the Annual and Special Shareholders' meeting held on November 21, 2007 to better reflect the ongoing business and operational focus of the Company which is the development of potash deposits.
The Company also reports that it successfully secured the trading symbol, "KCL" (Effective December 6, 2007), which accurately describes the nature of the Company's operations. KCL denotes the chemical compound "potassium chloride" also commonly known as muriate of potash. "KCl" is the most common chemical compound when referring to potash, which is one of the key ingredients in fertilizers for plants.
With the recent appointment of Mr. Paul Matysek as the new CEO and President and the name change, the Company is now solely focused on developing its significant potash property in southern Saskatchewan, the largest potash producing region in the world. The Company controls over 97,000 acres of previously explored potash-bearing property which is directly adjacent to a large potash producing mine to the south of the Company's property. The Legacy Project shares the same geological structure with this currently producing potash solution mine.
Potash One's Legacy Project in Saskatchewan was previously explored by Imperial Oil Ltd (now Exxon) and Lumsden Potash Corporation.
The 43-101 report completed earlier in 2007 confirms 40 million tonnes in indicated resource category and 390 million tonnes in inferred resources. The grades are consistent ranging between 19% and 22% of K2O
The Company entered the potash sector early in 2005 before the potash prices started their current uptrend. The market fundamentals such as rise in demand for agricultural goods for food and biofuels are expected to remain strong and even grow stronger. This demand is driven by continuing growth in emerging economies such as China and India where the quality and quantity of food consumption is on the rise. A new source of demand for fertilizers, thus potash, also comes from the use of grains for biofuels such as ethanol. On the other hand, the arable land worldwide is rapidly shrinking. These factors put an upward pressure on demand, driving potash prices to record levels in the recent months.
Paul Matysek, the Company's President and Chief Executive Officer, stated: "This is an excellent time to be in the potash industry. We are very pleased that we could secure a company defining trading symbol, "KCL", which clearly reflects our commodity focus. The new name and symbol affords Potash One the opportunity to create strong brand recognition in the fertilizer market and investment world. We are in the best potash producing area of the world with an established infrastructure that will significantly facilitate our development plans. Potash One is already conducting a number of technical and financial studies that will allow us to advance our previously explored potash project to the next development stage".
Notice to Shareholders
The common shares of the Company are expected to commence trading on December 6, 2007 under the new trading symbol KCL and new Cusip No. 73755F100 and ISIN No. CA 73755F1009.
About POTASH ONE Inc.
POTASH ONE Inc. is a Canadian potash company engaged in the identification, acquisition, exploration and development of advanced resource properties. The Company has a solid balance sheet and experienced technical and corporate management to advance its current project to the next level. The primary interests of the Company include an option to acquire 100% interest in a 97,240 acre Potash Subsurface Exploration permit in Saskatchewan, Canada.
November 26, 2007
ISX Resources Appoints Paul Matysek as CEO and President
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ISX Resources Inc. (TSX-V: ISX) (the "Company") reports that its recent Annual General Meeting held on November 21, 2007 discussed and approved matters critical to the future of the company. All the matters discussed at the AGM were approved by 99% of the votes.
At a Board of Directors' meeting held following the meeting, the Board appointed Mr. Paul Matysek M.Sc., P. Geo., as President and CEO of the Company.
Mr. Matysek is the former president, chief executive officer and co-founder of Energy Metals Corporation, a NYSE Arca and Toronto Stock Exchange listed company. Energy Metals was one of the only two uranium companies to be listed on New York Stock Exchange. Under Mr. Matysek's stewardship, Energy Metals Corp., a pure uranium mining and development company, was recently acquired by Uranium One Inc. in a transaction valued at over $1.2 billion.
Mr. Matysek is a professional geoscientist with more than 25 years of international experience, and a Bachelor Science and a Masters of Science degree in Geology. He is a recognized entrepreneur, specializing in developing resource-based companies from conception to production, and has held senior management and/or director positions with several natural resource exploration and development companies, including First Quantum Minerals Ltd., First Majestic Silver Corp. and Dundarave Resources Ltd. Furthermore, Mr. Matysek has been instrumental in the acquisition and development of a number of significant precious metal and base-metal properties and has been involved in raising over $250-million for various exploration and development projects since 1999.
Mr Matysek has a keen understanding of the global commodities market and having followed the agricultural sector for the past several years, he brings the awareness and thorough understanding of the Potash market.
In his inaugural speech to ISX shareholders, Mr. Matysek expressed his confidence that the Company has a ground floor opportunity to develop one of the largest greenfield potash projects in the world. ISX controls an established historical potash resource in Saskatchewan, the largest potash producing region in the world. The Company completed a 43-101 report on the property earlier in 2007.
Mr Matysek stated: "The potash market sector is driven by solid fundamental economic factors such as world population growth, increase in the quality and quantity of food worldwide as well as the emerging demand for biofuels in the countries like the United States and Brazil. These macroeconomic developments promise strong growth in fertilizer application which in turn increases demand for potash, a key nutrient for plants."
New Director Appointments
David A. Berg of Calgary, Alberta has also been elected a director of ISX Resources.
Mr. David A. Berg has spent over 28 years of consecutive service with one of Canada's largest publicly traded companies, Loblaw's Group of Companies Ltd. His most recent responsibility was serving in the capacity of Vice President of Operations for a business unit in Western Canada representing 1.5 Billion in annual revenue with a total of 8,500 employees.
Mr. Berg brings retail, financial services and energy business acumen to the Board.
Since 2007, he operates a private consulting company based in Calgary, Alberta specializing in the provision of management services, development of business models and structuring, financing and managing of public and private projects.
The Company reports that it has relocated its corporate head office to Suite 1238, 200 Granville Street, Vancouver, British Columbia, V6C 1S4.
ON BEHALF OF THE BOARD OF DIRECTORS,
"Paul F. Matysek"
Paul F. Matysek, M.SC., P. Geo.
President & CEO
Phone: (604) 331 -- 4431
Fax: (60) 608 -- 4979
info@isxresources.com
About ISX Resources
ISX Resources Inc. is a Canadian-based potash company engaged in the identification, acquisition, exploration and development of advanced resource properties. The Company has a solid balance sheet and experienced technical and corporate management to advance its current project to the next level. The primary interests of the Company include an option to acquire 100% interest in a 97,240-acre Potash Subsurface Exploration permit in Saskatchewan, Canada.
Potash
What is Potash?
The word "potash" is derived from the Dutch word Potasch, and originally referred to wood ash. Potassium carbonate, a basic chemical of pre-modern times, was extracted from it. Today potash refers to potassium compounds and potassium-bearing materials, the most common being potassium chloride (KCl). The term "potash" comes from the pioneer practice of extracting potassium fertilizer (K2CO3) by leaching wood ashes and evaporating the solution in large iron pots.
Potash, or carbonate of potash, is in fact a mixture of potassium salt with impure form of potassium carbonate (K2CO3). In other words, it is the common term used for the fertilizer forms of the element potassium (K).
Potassium occurs abundantly in nature, being the 7th most common element in the earths crust. Some clay minerals which are associated with heavy soils are rich sources of potassium.
Potash bearing rock deposits occur in many regions of the world. They are derived from the minerals in ancient seas dried up millions of years ago. Fertilizer potash is mostly derived from these potash rocks. It requires only separation from the salt and other minerals.
Functions of Potash
Potassium fulfills numerous vital functions in various processes in plants, animals and humans. For adequate nutrient supply of potassium, soil reserves are essentially required, which commonly contain more potassium than any other nutrient, including nitrogen.
For an adult human being, approximately 2 gram of K is required per day and the typical intakes are 2.8-4.5 grams/day. One good thing about potash is that there are no health risks associated with this element. The rich sources of this nutrient in human diet are milk, fruit juice, root vegetables and bananas.
Potash is one of the three most important nutrients to plants, which are nitrogen, phosphorus and potassium.
Uses of Potash
Potash has three main uses: fertilizer, feed supplements and industrial processes. 95% of world's potash is used in fertilizers, while the rest is used for feed supplements and industrial production.
Potash is a key ingredient in fertilizers that enhances water retention of plants, increases crop yields and plants' disease resistance. In feed supplements, the key function of potash is to contribute to animal growth and milk production. Potash is also used to produce glass, ceramics, soaps etc.
Global Potash Market
Global Potash Market, Long-term Sustained Fundamental Growth
The potash market has been experiencing a rapid growth in the last decade primarily due to more demand for food, fiber and feed. This trend has been reinforced by increased demand for biofuels.
The current potash market is estimated at 50 million tons annually, and is projected to grow at 3-4% rate.
Several factors contribute to the increasing use of potash in the world.
Rising World Population
Simply put, the world's population has been steadily growing at an increasing pace in the second half of the 20th century and is expected to reach almost 10 billion people by 2050.
Rising population obviously consume more food, and farmers need higher quality fertilizers in order to increase the crop yields and quality. Potash is a critical element that contributes to these qualities of fertilizers.
Increasing Wealth - Better Diets
The world economy has been expanding at average of 5%, however, the economies of the developing nations especially of large countries such as China and India have been growing at a rate of 10% and 9% respectively. The expanding economy means rising wealth level in these countries. With the increasing income, people significantly improve their diets, especially the intake of meat, which is rich in protein. The meat consumption in China, for example, tripled in the last 20 years to 70 million tonnes, and is expected to grow further.
Thus, the feed for animals becomes an important factor. And again potash serves as a key ingredient to improve the quantity and quality of feed.
Higher Oil Prices, Environmental Concerns and Drive for Alternative Fuels - New Demand for Potash
In recent years, crops like corn and sugar cane have found new applications, in production of biofuels. High oil prices, increasing concerns about carbon emissions and subsequent drive to use more alternative fuels has led to the boom in the ethanol and biodiesel use as alternative energy sources. These biofuels are produced from crops such as sugar cane, corn, oil palm, soybeans etc. To increase the yield of these crops from ever decreasing agricultural lands requires more use of fertilizers. Also this new demand for crops puts an upward pressure on crop prices. This directly increases the demand for potash.
The use of ethanol worldwide has doubled between 2003 and 2006 to over 14 billion gallons.
Potash Production
Potash is used in 150 countries while only 12 countries produce it. The main producing countries are Canada, Belarus, Russia, Israel and Jordan. The United States that produces only 1,200,000 tonnes a year consumes 5,200,000 tonnes, thus, being one of the largest net importers of potash in the world after China, India and Brazil. The total global potash mine production in 2006 reached 30 million tonnes.
Saskatchewan is the largest potash production centre in the world. Potash One property is located in Saskatchewan adjacent to the Belle Plain potash project operated by NYSE listed The Mosaic Company.
The potash industry is currently running at its maximum capacity, and no new greenfield projects have been announced. The new demand for potash is expected to exceed new supply.
Why Invest in Potash One?
Potash One Inc. is a Growth Investment Vehicle
The management of Potash One have had significant successes in the past identifying the upward trends in resource sectors driven by solid fundamental factors. We believe that the potash project in Saskatchewan is our next great find that matches all the key criteria for establishing a strong, growth-oriented resource company.
Potash One is capitalizing on strong potash fundamentals:
World population growth
Strong income growth worldwide
Growing demand for better diets
Boom in the biofuels
Supply/demand imbalances in the industry
Based on these strong fundamental factors driving the increasing demand for potash use, Potash One has also secured a large potash property that has the following advantages:
Proven resource base in Saskatchewan, one of the largest potash resources in the world
Immediately adjacent to a producer (Mosaic's Belle Plaine production centre)
Same geological setting as above
Amenable to solution mining which has low CapEx and a minimal environmental impact
Existing transportation infrastructure
Attractive gross margins
In addition to the strong fundamentals and very attractive property characteristics, Potash One has an experienced corporate and technical management team to build a growing potash operation in Saskatchewan.
Stock Info
Latest Stock Quote - TSX-V
Date: 12-14-2007
Time: 15:59 EST
Last: $3.09
High: $3.09
Low: $3.02
Volume: 50500
Change: even
Trading in $CDN
Click here to view a bigger version
Courtesy of Yahoo! Finance
15-20 min quote delay
Share Structure
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Shares outstanding 24,768,422
Working capital $2.4 million
Fully diluted working capital $9 million
Institutional ownership Over 25%
Financial Statements
July 31, 2007
1st Quarter Interim Financial Statements
File: isxresources.com
The primary interests of the company include an option to acquire 100% of a 97,240-acre potash Exploration permit in Saskatchewan, Canada.
isxresources.com
900+ million tons of the potash 43-101 compliant.
KEY
At its recent Annual General Meeting held on November 21, 2007 discussed and approved matters critical to the future of the company. All the matters discussed at the AGM were approved by 99% of the votes.
At a Board of Directors' meeting held following the meeting, the Board appointed Mr. Paul Matysek M.Sc., P. Geo., as President and CEO of the Company.
Mr Matysek has a keen understanding of the global commodities market and having followed the agricultural sector for the past several years, he brings the awareness and thorough understanding of the potash market.
In his inaugural speech to shareholders, Mr. Matysek expressed his confidence that the Company has a ground floor opportunity to develop one of the largest greenfield potash projects in the world. ISX controls an established historical potash resource in Saskatchewan, the largest potash producing region in the world. The Company completed a 43-101 report on the property earlier in 2007.
Mr Matysek stated: "The potash market sector is driven by solid fundamental economic factors such as world population growth, increase in the quality and quantity of food worldwide as well as the emerging demand for biofuels in the countries like the United States and Brazil. These macroeconomic developments promise strong growth in fertilizer application which in turn increases demand for potash, a key nutrient for plants."
potash link:
mineweb.net
KEY:
Pinetree acquires 789,800 ISX shares
2007-07-19 13:12 MT - News Release
See News Release (C-PNP) Pinetree Capital Ltd
Mr. Larry Goldberg of Pinetree reports
PINETREE CAPITAL LTD. ACQUIRES COMMON SHARES OF ISX RESOURCES INC.
Pinetree Capital Ltd., through a series of transactions ending on July 18, 2007, acquired ownership of 789,800 common shares of ISX Resources Inc. through the facilities of the TSX Venture Exchange representing approximately 3.5 per cent of the total issued and outstanding common shares of ISX as of July 18, 2007. As a result of this transaction, Pinetree and its joint actors collectively held, as at July 18, 2007, a total of 2,545,800 common shares of ISX and rights to acquire an additional 1,756,000 common shares of ISX upon the exercise of convertible securities. Of these totals, Pinetree owns a total of 2,039,800 common shares and rights to acquire an additional 1.25 million common shares upon exercise of convertible securities. In the event that the convertible securities are fully exercised, the holdings of Pinetree and its joint actors represent a total of 4,301,800 common shares of ISX, or approximately 17.8 per cent of all issued and outstanding common shares as at July 18, 2007, calculated on a partially diluted basis assuming the exercise of the convertible securities only. In the event that only the 1.25 million convertible securities held directly by Pinetree are fully exercised, Pinetree's direct holdings would represent approximately 13.9 per cent of all issued and outstanding common shares of ISX as of July 18, 2007, calculated on a partially diluted basis assuming the exercise of the 1.25 million convertible securities only.
These transactions were made for investment purposes and Pinetree and each of its joint actors could increase or decrease their respective investments in ISX depending on market conditions or any other relevant factor.
Contact Info
Paul Matysek, CEO and President
Suite 1238 - 200 Granville Street
Vancouver, British Columbia
V6C 1S4
Tel: 604.331.4431
Investor Relations
Kin Communications Inc.
Suite 1810 - 925 West Georgia Street
Vancouver, BC, V6C 3L2
Local: 604-684-6730
Toll Free: 1-866-684-6730
Fax: 604-684-6740 |
