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06:43:46 EDT Tue 29 Jul 2014
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IC Potash Corp
Symbol C : ICP
Shares Issued 172,528,084
Close 2014-03-04 C$ 0.33
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IC Potash finishes final Ochoa EIS

2014-03-05 07:15 ET - News Release

Mr. Sidney Himmel reports

IC POTASH ANNOUNCES PUBLICATION OF FINAL ENVIRONMENTAL IMPACT STATEMENT

IC Potash Corp. has successfully concluded the final environmental impact statement for its 100-per-cent-owned sulphate of potash Ochoa project located in southeast New Mexico. In accordance with the procedures of the National Environmental Policy Act, the U.S. Environmental Protection Agency published a notice of availability of the FEIS in the Federal Register on Feb. 28, 2014. Following publication of the NOA is a standard 30-day availability period. At the conclusion of this availability period, the U.S. Department of Interior Bureau of Land Management will publish a signed record of decision to mark the completion of the NEPA compliance process.

"Receipt of the final environmental impact statement is the latest accomplishment on our path to operations," stated Sidney Himmel, president and chief executive officer of ICP. "We are grateful to the Bureau of Land Management for their professionalism and due diligence. It has been a pleasure to work with them."

The ROD is expected in April of this year. It will be the final step in the environmental impact statement process, providing a public disclosure of the BLM's decision on which project alternatives will be implemented. The ROD will discuss all factors that were considered in reaching the decision, offer a summary of alternatives, and describe mitigation plans, including enforcement and monitoring commitments. Randy Foote, chief operating officer of ICP, added, "As a resident of New Mexico for more than 30 years, I am pleased with the conscientious approach our company has taken in the development of the Ochoa project."

NEPA

The National Environmental Policy Act of 1969 establishes a broad national framework for protecting the environment. NEPA applies to all federal agencies and assures that proper consideration is given to the environment prior to undertaking any major federal action that could significantly affect the environment.

EIS

The project is partially located on federal lands and will extract minerals managed by the BLM. NEPA requires the BLM to analyze potential environmental consequences of the project and study reasonable alternatives. The EIS is a disclosure document that describes the analysis of the proposed project and alternatives that could impact the environment, and proposes mitigation measures for those possible impacts. The FEIS incorporates public comments received on the draft EIS, which was published in August, 2013.

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