Vancouver-Raytec Metals Corp. said June 11 that it has bought a 15 percent interest in Sulphur Solutions Inc. (SSI), a privately-held Alberta company. Raytec says SSI is an emerging fertilizer company developing a state-of-the-art, patented technology for the production of micronized sulfur from elemental sulfur (a byproduct of gas production activities). The micronized sulfur is then processed into a premium fertilizer product branded Rapid ReleaseTM. Rapid ReleaseTM has been designed to be highly dispersible into an optimum particle size for effective time-release sulfate production throughout the season of application, to address general soil sulfur deficiencies, and to improve nutrient plant availability. Located in Calgary, Alberta, SSI plans to introduce multiple elemental sulfur processing and sulfur fertilizer production plants over the next few years. The facilities will be portable and located at the site of elemental sulfur production to take advantage of reduced operating costs associated with transporting the sulfur to an off-site processing facility and existing permits for sulfur storage and handling. SSI President Richard Knoll has agreed to join the Raytec board. Cost of the acquisition is a total of C$1.5 million, payable on or before Sept. 12, 2008, upon certain milestones being reached. The agreement also provides Raytec with a transferable first right of refusal to participate in future private financings.
Transparency Across the Fertilizer Value-Chain