OREANDA-NEWS. On 01 July 2008 was announced, that JSC Acron had obtained a controlling stake (98%) in the Canadian company 101109718 SASKATCHEWAN Ltd., which has applied for exploration licenses for 36 areas of the Prairie Evaporite potassium salt deposit, with a total area of 10,274 km2 (2,537,913 acres), located in Saskatchewan, Canada. The company has to date received exploration licenses for 26 of the areas. The total value of the transaction is CAD 61 million, of which CAD 31 million has already been paid in consideration for newly issued share capital in the Canadian company.

The Saskatchewan basin is one of the world’s largest deposits of potassium and magnesium salts.

Acron ordered a deposit development feasibility study from the Central Research Institute of Non-Ore Mineral Geology to determine the nine most promising areas for priority development