Geopulse Exploration Inc. (OTCQB: GPLS) (OTCBB: GPLS) has submitted a sealed offer to acquire a large parcel Potash Property Lease in the State ofUtah. The potash lease is located in a mining friendly jurisdiction with easy access. It is considered a highly significant asset for Geopulse Exploration.
When successful, Geopulse is confident that the potential of this asset will be significant to the company’s strategy of creating shareholder value. Geopulse will continue to seek additional properties in potash mining.
Geopulse Exploration’s target area for potash development will remain in the abundantParadoxBasinregion, an area that contains an estimated 2 billion tons of potash. Numerous prosperous potash developers, such as Intrepid Potash, have found success in this area of Utah.
Management continues to negotiate financing options for additional expansion efforts and asset acquisitions. Negotiations are ongoing and the company will announce results upon completion.
Potash is an indispensable fertilizer essential to a growing population and increased food demands. This and other factors make potash an increasingly valuable resource that is projected to increase in value by over 700 percent by 2020.
