Junior company Crystal Peak Minerals Inc., Toronto, said on July 26 that Doug Hoadley has joined the company as director of marketing. He will pursue placement of the anticipated sulfate of potash (SOP) production from the company’s Sevier Playa Project located in southwestern Utah. He is the former head of nitrogen at CRU and previous director of agribusiness analysis at CF Industries Holdings Inc.
“We are very pleased to welcome Doug Hoadley to our team,” said John Mansanti, Crystal Peak CEO. “Having worked previously at CF Industries, CRU, and Mosaic, Doug brings a deep knowledge of fertilizer markets to our company. He will be a terrific addition as we seek off-take agreements and work to penetrate key fertilizer markets in support of project financing. With the project moving rapidly through permitting and towards construction, the timing couldn’t be better.”
Crystal Peak said it is currently advancing the EIS permit process and anticipates that the Bureau of Land Management will issue Notice to Proceed in fourth-quarter 2019, with a construction start date expected that same quarter. This compares to the first-quarter 2019 construction start date that was contemplated in the NI 43-101 Technical Report summarizing the feasibility study for project. Allowing for a compressed construction schedule, the company still projects first production in fourth-quarter 2022. Additionally, the company said it is conducting ongoing engineering efforts designed to optimize and improve the project.