Strategic initiatives
STRATEGIC INITIATIVES UNDERWAY
Allana has been approached by large industrial groups that want to cooperate in the development of the project
MOP
–Proposals from diversified industrial organizations to fund and build the MOP production facilities jointly
–General framework is to provide significant funding, provide full construction services including construction completion and performance guarantees
–Allana is currently in negotiations with these parties and the full due diligence process is underway
SOP
–Proposals from fertilizer groups to cooperate on the SOP production process development including full feasibility study, enter into an off-take agreement pending the results of the PEA, provide separate funding for SOP development
–Allana is also working on various financing options for the SOP project development including potential establishment of a subsidiary that will be funded separately from Allana Potash Corp and focus exclusively on SOP development