28
Sep
Vatic is a mineral exploration company exploring for potash in Thailand’s Khorat Basin, location of one of the world’s largest undeveloped high-grade potash resources. It plans to develop and produce premium potash products from a carnallite-sylvinite mineral deposit. Vatic has an 80% interest in two potash exploration licenses, the Saksrithai project. The Company looks to benefit from government support; in 2014, the Thai Ministry of Industry set up a special steering committee to promote the development of the country’s potash resources. As the project is located in Southeast Asia, the Company looks to benefit from lower production and logistical costs compared to several western projects, as well as a regional marketing advantage. Vatic has an experienced and proven management team with extensive potash exploration and development experience in Thailand, as well as an experienced Board of Directors.
Vatic Ventures Corp. is listed and trades on:
TSX-V: VCV | OTTCB: VTTCF | FRA: V8V3
