October 25, 2016 09:00 ET
Great Quest Announces Aderfoul Permit Renewal
VANCOUVER, BC--(Marketwired - October 25, 2016) - Great Quest Fertilizer Ltd. (TSX VENTURE: GQ) ("the Company") is pleased to announce that it has successfully renewed the Aderfoul permit, one of three concessions that form the Tilemsi phosphate project. This renewal, which is the first of two allowed under the mining regulations in Mali, grants the company a further two years for exploration work on the permit. This was expected, as the Company has kept the permit in good standing and is actively upgrading the project. The Company is currently seeking to advance from an exploration permit to an exploitation permit and is completing the necessary work for that purpose.
Great Quest wishes to bring to the attention of stakeholders and potential investors that it is already in receipt of the environmental permit for the Tilemsi phosphate project (See press release June 4, 2015), and that it has signed an offtake agreement with a local distributor for 95% of production from the proposed operation (See press release October 17, 2014).
About Great Quest
Great Quest Fertilizer Ltd. is a Canadian mineral exploration company focused on the development of African agricultural mineral projects for local production of farm ready fertilizers. The Company's flagship asset is the Tilemsi Phosphate Project, encompassing 1,206 km² in northeastern Mali, containing high quality phosphate resources amenable to use as direct application fertilizer. Great Quest is listed on the TSX Venture Exchange under the symbol GQ, and the Frankfurt Stock Exchange under the symbol GQM.
ON BEHALF OF THE BOARD OF DIRECTORS OF GREAT QUEST FERTILIZER LTD.
President, Chief Executive Officer and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. The statements that are not historical facts and are forward-looking statements involving known and unknown risks and uncertainties could cause actual results to vary materially from the targeted results. We seek safe harbor.
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