Acron's subsidiary, 101211205 Saskatchewan Ltd. (Canada), has closed a transaction to sell Crown potash lease KL 279 to Potash Corporation of Saskatchewan Inc., a potash business unit within Nutrien Ltd. KL 279, or Stockholm Project, is an undeveloped 263.5 km² property located in southeast Saskatchewan, Canada.
Acron believes that the transaction reflects fundamental value of the potash industry even amid the turbulent market environment.
Acron continues to own nine Crown potash leases and one exploration permit in Saskatchewan. Acron’s potash dispositions with a total area of approximately 2,000 km² are divided into two prospective blocks – Albany Project (six lots in the south of the province) and Foam Lake Project (four lots in the north of the potash exploration and mining area in the province).