RENO, Nev., Sept. 12, 2011 /PRNewswire/ -- Potash America,
Inc. (OTCBB: PTAM), (the "Company") is pleased to announce that,
subject to several minor technical issues, it has commenced the
closing process in Nevada. The
Company has entered into an agreement for the acquisition of 39
Mineral Claims in Sodaville, Nevada, and expects the closing process to be
completed in the next few weeks. The Company, having completed its
due diligence via geologic and agronomic studies, has agreed to
acquire these historic Montmorillonite quarries with intent to
enter the soil amendment subset of the fertilizer industry.
The Company has implied tonnage on the order of 20 million short
tons. Application(s) to the Bureau of Land Management to further
explore the true depths and characteristics of the deposits are
currently being prepared. The implied figures and other results of
the assays and geological studies are available on the company's
web site www.Potashamerica.com. In that regard, the Company is also
pleased to announce the establishment of its web domain
www.potashamerica.com. While an ongoing work in-progress, the
website should provide more detailed information about PTAM and our
plans and goals.
The historic Sodaville Montmorillonite is clay of very rare
value. While 100% Organic, it contains most of the rare earth
minerals and trace elements necessary for plant nutrition. What
makes it special is the high availability of these elements to
transfer from the soil to the plants themselves. PTAM believes the
series of products which may be developed from the deposits will
position it significantly in the field of agricultural
mineralization. The process of enriching the depleted soils of
North America with a natural
fertilizer/soil amendment to enrich crop yields.
Forward-Looking Statements
This release includes certain statements that may be deemed to
be "forward-looking statements" within the meaning of applicable
legislation. Other than statements of historical fact, all
statements in this release addressing future operations, resource
potential, exploration, prospects, leads and other contingencies
with regard to the Sodaville property are forward-looking
statements. Although management believes the expectations expressed
in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future
performance, and actual results may differ materially from those in
the forward-looking statements due to factors such as market
prices, exploration successes, continued availability of capital
and financing, and general economic, market, political or business
conditions.
Please see our public filings at www.sec.gov for further
information.
For Additional Information, Contact:
Teresa Schaffer, shareholder/public
relations
Tel: 1-877-745-3680
E-mail: teresaschaffer@jroycemedia.com
SOURCE Potash America, Inc.