News- Dusolo obtains Environmental and Operaring liceensesDuSolo Fertilizers Inc.
FRANKFURT : E6R
PINKSHEETS : ELGSF
TSX VENTURE :
DSF
August 19, 2014 09:00 ET
DuSolo Obtains Environmental and Operating Licenses for Its Phosphate Processing Facility
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 19, 2014) -DuSolo Fertilizers Inc., (TSX VENTURE:DSF)(PINKSHEETS:ELGSF)(FRANKFURT:E6R) ("DuSolo" or "the Company") is very pleased to report it has received both Environmental (Licença Ambiental) and Operating Licenses (Licença de Funcionamento) for its Direct Application Natural Fertilizer ("DANF") processing facility.
As required by the licenses, Environmental Impact Monitoring will be ongoing which includes water quality management, dust control, drainage inspection and noise containment. The facility has been deemed as having little environmental impact and therefore, no additional wildlife compensation activities are required from the Company. Nonetheless, DuSolo has built a greenhouse facility near the mine site aimed at preserving and reviving native plant species.
PERMITTING
The following permits required for DANF production have now been either obtained or are in the process of being obtained with decisions expected shortly:
- DANF Processing Facility Environmental (Licença Ambiental) - OBTAINED
- DANF Processing Facility Operating License (Licença de Funcionamento) - OBTAINED
- Mining Site (Santiago Target) Environmental License (Licença Ambiental)
- Mining Permit (Guia de Utilização)
DIRECT APPLICATION NATURAL FERTILIZER
With the facility now in place, DuSolo, through a series of crushers, screens and mills intends to process the high-grade phosphate discovered at the Santiago target into three (3) DANF products of different phosphate grades (12%, 15%, 18% P2O5). The DANF will then be sold to local farms and agricultural centers in the vicinity of the project's area. DANF is used alongside the standard and more costly Nitrogen, Phosphate and Potash ("NPK") blend to compensate for elevated nutrient depletion as a result of heavy tropical rainfalls. Farmers in the region have become accustomed to using DANF on their crops over the past several years but due to recent restrictions in supply, are no longer able to source it locally. DuSolo, as a result of its recent high-grade discovery, intends to fill the current void in this rapidly expanding marketplace by providing farmers with a local alternative supply for years to come.
ABOUT THE COMPANY
DuSolo Fertilizers Inc. is focused on developing a fully integrated process to produce phosphate based fertilizers within the Cerrado region of Brazil as part of a nationwide effort, incentivized by the government to increase supply of domestically sourced fertilizers and achieve agricultural self sufficiency.
The Company's shares are publicly traded on the TSX Venture Exchange under the symbol DSF, on the OTC Pink Sheets under the symbol ELGSF and on Frankfurt Stock Exchange under the symbol E6R.
On behalf of the Board of Directors
DuSolo Fertilizers Inc.
Eran Friedlander, President