07:26:53 EST Tue 27 Jan 2026
Enter Symbol
or Name
USA
CA



Buffalo Potash Corp
Symbol BUFF
Shares Issued 81,059,780
Close 2026-01-26 C$ 0.31
Market Cap C$ 25,128,532
Recent Sedar+ Documents

Buffalo Potash begins drilling at Disley

2026-01-26 19:43 ET - News Release

Mr. Steve Halabura reports

BUFFALO POTASH COMMENCES DRILLING AT FLAGSHIP DISLEY PROJECT

Buffalo Potash Corp. has initiated drilling the first confirmation hole 7-10-20-23 W2 on its flagship Disley project in Saskatchewan. Drilling of this well marks the commencement of Buffalo's planned drilling program and the first step in the company's initial phase of work, during which Buffalo intends to confirm the potash potential of the Disley project and position the company for development of a showcase facility.

Steve Halabura, PGeo, chief executive officer of the company, commented: "This is how we convert the big vision into tangible shareholder value -- executing a development strategy that implements an updated solution mining approach using proven oil and gas technology. Drilling represents the next step in validating the geology underpinning our strategy as part of a systematic approach to advancing the Disley project."

Mr. Halabura commented further: "Geologically, the Disley project is in Saskatchewan's Elk Point basin, which is the foundation of global potash supply. Saskatchewan is also the most established potash jurisdiction globally based on reserves, historic production, regulatory support, work force knowledge and infrastructure in place. We are fortunate to have a project in this basin, next to some of the largest potash solution mines in the world and adjacent to rail, road, gas and power. We know the geology of this area very well, and we believe the Disley project is prospective to host Saskatchewan's next potash solution mine."

Saskatchewan's Elk Point basin

The Elk Point basin of Saskatchewan is the world's largest source of potash, spanning 1.2 million square kilometres, and, by some assessments, may contain 40 per cent to more than 50 per cent of the world's total potash resource. Since mining began in 1962, companies operating in the Elk Point basin have produced more than 605 million tonnes of potash, underscoring the basin's global and geopolitical importance to fertilizer supply and food security.

2026 confirmation phase

Buffalo is advancing a series of development milestones to assess the Disley project as part of the confirmation phase in the company's systematic development approach. The confirmation phase is designed to provide a preliminary economic assessment of the long-term viability of a selective solution potash mining operation on the property using the company's patented horizontal-line-drive mining system, subject to the results of continuing technical work.

Key objectives for the confirmation phase include:

  1. Drilling of confirmation well No. 1;
  2. Drilling of confirmation well No. 2;
  3. Testing and analysis of core samples, including the historical pilot (as defined below);
  4. Completion of additional 3-D seismic interpretation;
  5. Evaluation of resource potential and preparation of a National Instrument 43-101 technical report; and
  6. Commissioning and completion of a preliminary economic assessment.

There is no guarantee that the company will be able to complete the key objectives listed above during the confirmation phase as stated, and execution sequence may be subject to change.

The Disley project

The Disley project is approximately 50 kilometres northwest of Regina and covers about 9,413 hectares. The property is situated immediately adjacent to the east of the K+S Bethune solution potash mine and northeast of the Mosaic Belle Plaine solution potash mine -- two of the largest producing conventional solution potash mines globally. In the opinion of management, the Disley project is in one of the most favourable areas of Saskatchewan for solution mining as evidenced by the success of its neighbouring projects. However, there is no guarantee that the Disley project will yield comparable results to any neighbouring projects.

In the 1960s, a historical pilot project was conducted within what is Buffalo's Disley project by the Lumsden Potash Development Company to evaluate the potential for solution mining using brine injection and recovery wells. The historical pilot demonstrated communication across the potash zone and the ability to extract potash using a two-well cavern system.

Buffalo has incorporated the results and geological data from the historical pilot together with 3-D seismic interpretation and geochemical modelling to inform management's preliminary geological interpretation and assessment of the broader Disley project. Based on this information, management believes the Disley project exhibits geological conditions present in other successful solution mining projects in the region, subject to further technical validation, making the Disley project prospective for development of a modular, selective solution mining potash operation.

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Douglas F. Hambley, PhD, PE, PEng, PG, an independent consultant and a qualified person as defined under National Instrument 43-101 (Standards of Disclosure for Mineral Projects).

About Buffalo Potash Corp.

Buffalo Potash is an emerging Saskatchewan-based potash developer pursuing a modular approach to selective solution mining through its patented horizontal-line-drive technology. Buffalo is advancing the Disley project -- located next to several of the most prominent currently producing potash solution mines in the world -- with the objective of establishing capital-efficient, lower-impact potash production in one of the world's leading potash jurisdictions.

We seek Safe Harbor.

© 2026 Canjex Publishing Ltd. All rights reserved.