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UPDATE: IC Potash Corp. Higher as Signs Memorandum of Understanding with the U.S. Bureau of Land Management

IC Potash Corp. (ICP.TO) announced today the signing of a Memorandum of Understanding with the United States Bureau of Land Management for the purpose of commencing the formal portion of environmental approvals for the company's New Mexico Sulphate of Potash operations. Sidney Himmel, CEO of the company, said:"The signing of both the Memorandum of Understanding with the BLM and the related Cost Reimbursement Agreement represent significant progress in the permitting process. We are on track for planned production in 2015 and full production in 2016 and are committed to sound environmental practices. Substantial environmental work has already been completed and we look forward to continuing the work through the formal EIS process."

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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