Phoscan Chemical Corp (PCCLF) Information

PhosCan Chemical Corp. is a Toronto Stock Exchange-listed company which is engaged in the development of the Martison Phosphate Project. The Company's wholly-owned Martison Phosphate Deposit is located 70 kilometres north of Hearst, Ontario and has ready access to excellent infrastructure including rail, power and labour. HISTORY -- In 2006, the Company set out a path to examine the development of the Martison Phosphate Project as a vertically - integrated phosphate fertilizer producer. Under this development scenario, the Project was envisioned to consist of the Martison Phosphate Deposit and a planned phosphate mine, beneficiation plant, conversion complex and solid fertilizer production facility. Phosphate ore from the mine was to be processed into a concentrate in the beneficiation plant. The concentrate was to be transported by slurry pipeline to a conversion complex near Hearst where it was to be combined with sulphuric acid to produce phosphoric acid. Sulphuric acid was expected to be sourced either from existing nearby base metal smelters or a sulphuric acid plant which was to be built by the Company as part of the conversion complex. PhosCan was to further process the phosphoric acid into superphosphoric acid (SPA) and/or mono-ammonium phosphate (MAP) fertilizer which was to be sold to fertilizer dealers serving the agricultural regions of western Canada and mid-western United States. In May 2008, PhosCan received the results of a Pre-Feasibility Study of the Martison Phosphate Project as a vertically - integrated phosphate fertilizer producer which concluded that the Company should proceed immediately with a Bankable Feasibility Study of the Project. The Pre-Feasibility Study is summarized in an N.I. 43-101 compliant technical report entitled Martison Phosphate Project Preliminary Feasibility Study dated May 16, 2008, which may be found in the Investor Relations section of the website under the sub-heading Technical Reports or on SEDAR (www.sedar.com). PhosCan commenced a Bankable Feasibility Study ...