Western Potash (TSX: T.WPX, Stock Forum) hopes to find a partner from China or India by year's end to pay for its proposed 2.8-million metric tons potash mine in Saskatchewan, Reuters reported on Thursday.
"There are parties interested in a full-out sale and parties interested in just funding the company into production," said Western Potash CEO Patricio Varas. "If it's the option of having a partner who will finance it, that would probably be my preference. This mine would be a very big money-maker."
Western's $3.3-billion Milestone project would begin production in 2016, mining a measured reserve of 67 million tonnes of recoverable potash.