Crystal Peak Minerals Announces Publication of Final Environmental Impact Statement
29 July 2019 - 9:30PM
Crystal Peak Minerals Inc. (Crystal Peak
or the Company) (TSXV: CPM, OTCQX: CPMMF) is pleased to
announce publication in the Federal Register of the notice of
availability of the final environmental impact statement
(
FEIS) for its Sevier Playa Project (the
Project) located in southwestern Utah. The
publication of the FEIS is consistent with previously released
timelines. A statutory 30-day period is all that remains before
issuance of the Record of Decision (
ROD) for the
Project. Notice to Proceed is expected shortly thereafter.
John Mansanti, Chief Executive Officer of
Crystal Peak, said, “The publication of the Final EIS is a major
milestone and another key step in de-risking the Sevier Playa
Project. It represents the culmination of many hours of work by
regulatory agencies, Crystal Peak, and our respective consultant
teams. We are very happy to have arrived at this critical juncture
in our project schedule and wish to thank everyone involved.”
About Crystal Peak Minerals
Inc.Crystal Peak is focused on the production of premium
specialty fertilizers. The Company controls, directly, or through
agreement, mineral leases on more than 124,000 acres on the Sevier
Playa in Millard County, Utah. With a brine mineral resource known
to contain potassium, magnesium, sulfate, and other beneficial
minerals, Crystal Peak is targeting the production of specialty
fertilizers and associated products through the use of brine
extraction and a cost-effective solar evaporation process. Sulfate
of Potash (SOP) and other specialty fertilizers are used in the
production of high value, chloride-sensitive crops such as tree
nuts, fruits, and vegetables.
For further information, please
contact:Woods SilleroyCorporate Secretary (801)
485-0223woods@crystalpeakminerals.com
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Forward-Looking Information
This news release contains “forward-looking
information” within the meaning of applicable Canadian securities
legislation. Forward-looking information includes, but is not
limited to, the permitting and construction of the Project, the
targeting of the development and production of specialty
fertilizers and associated minerals, including SOP, through the use
of a cost-effective solar evaporation process; and Crystal Peak’s
future business. Generally, forward-looking information can be
identified by the use of forward-looking terminology such as
“plans”, “is expected”, “expects” or “does not expect”, “budget”,
“scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or
“does not anticipate”, “believes”, or variations of such words and
phrases; or terms that state that certain actions, events, or
results “may”, “could”, “would”, “might”, or “will be taken”,
“could occur”, or “be achieved”. Forward-looking information is
based on the opinions and estimates of management at the date the
information is made, and is based on, a number of assumptions and
is subject to known and unknown risks, uncertainties and other
factors, including but not limited to the timing of obtaining the
necessary permits to proceed with the Project and finalizing the
extension of the maturity date of the loan, that may cause the
actual results, level of activity, performance or achievements of
Crystal Peak to be materially different from those expressed or
implied by such forward-looking information. Although Crystal Peak
has attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated, or intended. There can
be no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such information. Accordingly, readers should not
place undue reliance on forward-looking information. Crystal Peak
does not undertake to update any forward-looking information,
except in accordance with applicable securities laws.
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