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.
"Jed Richardson"
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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