Calgary-Americas Petrogas Inc. (Americas) reports that its wholly-owned subsidiary, Americas Potash Peru SA, has signed a surface rights agreement with the Community Foundation of San Martin de Sechura that permits Americas the unconditional right of surface access in respect of the company’s Ramon and Zapayal potash brine reservoirs and evaporite deposit located on the company’s 82,195 hectare Bayovar concession in the Sechura Desert in Northwest Peru. As part of the deal, Americas has released to the Foundation a payment to be used for local community projects. Americas says as a result of the agreement, all of the requirements contemplated in its option agreement with the Agency for Promotion of Private Investment of the government of Peru to be able to acquire the Bayovar potash brine concession have been satisfied. The company is proceeding with the investments in the concession, such as additional resource assessments, environmental assessments, exploration, and other feasibility work.
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