Fernie Operations to Start Up in July on Promising Orders

Fernie, British Columbia Canada

HIGHLIGHTS

  • Fertoz will commence mining operations at Fernie, British Colombia, Canada in July 2021 due to contracts and/or orders exceeding 10,000 tonne in North America
  • Following on from a record first quarter orders (ASX 25th March 2021) 2Q contracts and orders have again been very strong and now necessitate Fernie operations to start
  • Contracts and orders now exceeding 10,000 tonnes require filling and delivery into Q321 and Q421 hence cashflows to follow thereon after
  • Fernie deposit is also a key area to test and expand our reforestation and reclamation efforts under Fertoz Carbon operations
  • Solid contracts and orders in place from our manufacturing and distribution partners across the Prairies

Canadian Mining Project

Fertoz is the largest supplier of organic rock phosphate in North America, with mining permits in place to access large phosphate resources at Fernie (British Columbia) alone. Fertoz supplies rock phosphate from other locations in Canada, the United States and Mexico providing easy access to Fertoz rock phosphate throughout North America.

The Fernie Mining Project makes up over 9,033 hectares, with road access and rail transportation to all major networks in Canada and the USA. Fertoz rock phosphate is from extensive sedimentary deposits, i.e., high quality “soft” rock phosphate deposits, and which are much preferred for beneficial crop production.

Mining and extraction operations are planned to commence at Fernie in July 2021 to satisfy increasing demand due to another strong quarter of orders from customers including key customers and a new order of a minimum of 3,000 tonnes of organic rock phosphate to be supplied to EarthRenew. Total contracts/orders to be delivered now exceed 10,000 tonnes of organic rock phosphate and require filling and delivery into Q321 and Q421 with cashflows to follow post-delivery.   

Sean Gatin, Fertoz Sales VP, said:

“It has long been Fertoz’s strategy to open and use Canadian mines to supply Canada, and focus on Montana and Mexico mines for the US market. These improved volumes will allow opening and long term mining of our leases in the Fernie area.” 

Fertoz Operational Background

Fertoz’s operations consist of mining of sedimentary soft rock phosphate by excavating selective seams. Rock phosphate is excavated and crushed. After mining, surface areas are fully restored and vegetation is replanted, leading to minimal disturbance. Extracted rock phosphate ore is mechanically processed to a 30-50 mesh using crushing, storage and QA/QC equipment.

Fertoz products are sustainable, natural and approved for use in organic production systems throughout North America, adhering to the strictest quality guidelines. The Company’s quality control procedures ensure that every lot adheres to label requirements and low heavy metal thresholds. All Fertoz processes are documented, and its product is traceable back to the mine.

Final product can be directly applied to field using spreaders or further granulated and blended with other sustainable inputs. Additionally, Fertoz phosphates products are created using less than 15% of the CO2 emissions of typical synthetic phosphate fertilizer operations.

About EarthRenew Inc.

EarthRenew Inc. (ERTH) (CSE: ERTH; OTCQB: VVIVF; Frankfurt:WIMN) is a Canadian specialist in developing and providing soil health products targeted at the Regenerative Agriculture industry. 

EarthRenew’s mission is to support a farm system that puts healthy soils and grower profitability back on the table. Using circular economic principles of upcycling waste products into high value agronomic inputs, EarthRenew is building an innovative platform of soil health products.  

EarthRenew offers growers natural fertilizer alternatives that feed the soil to strengthen the earth’s ability to restore itself while growing healthy plants. The regenerative product line is branded under the label Replenish Nutrients Ltd and is targeted at conventional and organic growers who are seeking solutions to address soil health needs.

Fertoz Chairman, Pat Avery, related:

“Fertoz’s Fernie lease is a great asset with high phosphate and low metals.  It has solid infrastructure with processing facilities, highway, and rail nearby, and is close to many customers.   

“This is an exciting summer, as we grow sales, open Fernie, expand our capabilities at Butte, Montana and develop and lead in our carbon reduction and sequestration programs.”

EarthRenew Announces Long-Term Supply Agreement With Fertoz

EarthRenew Announces Long-Term Supply Agreement With Fertoz

July 2, 2021

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EarthRenew Announces Long-Term Supply Agreement With Fertoz

‍Highlights:

  • EarthRenew Inc. (ERTH) signs long term supply agreement for pulverized rock phosphate with Fertoz.
  • The five-year signed agreement highlights a target of 10,000 mt per year as the market sees demand for organic and regenerative fertilizers steadily increasing.
  • Fertoz will supply the 10,000 mt of rock phosphate from Fernie BC area annually to ERTH.

TORONTO, July 02, 2021 (GLOBE NEWSWIRE) — EarthRenew Inc. (CSE: ERTH; OTCQB: VVIVF; Frankfurt:WIMN) (“ EarthRenew ” or the “ Company ”), a Canadian company focused on regenerative agriculture solutions today announced a partnership with Fertoz (ASX-listed mining company) to provide pulverized rock phosphate for its regenerative product line. EarthRenew subsidiary, Replenish Nutrient’s Ltd. produces natural fertilizer alternatives to conventional synthetic fertilizers using rock phosphate as a key ingredient.

Supply Agreement
Fertoz pulverized rock phosphate 0-20-0 will be supplied to Replenish Nutrients Ltd. targeting 10,000 mt per year over a period of five years. 500-1,000 mt will be supplied monthly beginning in July of this year. This partnership will benefit Canadian producers by improving access to granulated rock phosphate and blends throughout Western Canada, provide fertilizer options and blends that are tailored to individual regions and soil types, and enable access to EarthRenew’s other products and services.

Keith Driver, CEO of EarthRenew Inc. stated, “We are pleased to announce this long-term supply relationship with Fertoz for high quality rock phosphate, a cornerstone ingredient in our fleet of regenerative soil health products. Including rock phosphate in our products ensures that soils benefit from a natural source of minerals that are highly plant available and act as a necessary building block in the soil. Our customers have come to depend on our flagship products, Sustain and Rebuilder, to turn back the clock on years of nutritional crop depletion.”

Sean Gatin, Fertoz Sales VP related: “It has long been Fertoz’s strategy to open and use Canadian mines to supply Canada and focus on Montana and Mexico mines for the US market. These volumes will allow opening and long term mining of our leases in the Fernie area.”

Fertoz Operations
Fertoz operations consist of mining sedimentary soft rock phosphate by excavating selective seams. Fertoz products are sustainable, natural and approved for use in organic production systems throughout North America, adhering to the strictest quality guidelines. The company’s quality control procedures ensure that every lot adheres to label requirements and low heavy metal thresholds. Fertoz phosphates products are created using less than 15% of the CO2 emissions of typical synthetic phosphate fertilizer operations.

About EarthRenew

EarthRenew’s mission is to support a farm system that puts healthy soils and grower profitability back on the table. Using circular economic principles of upcycling waste products into high value agronomic inputs, EarthRenew is building an innovative platform of soil health products. EarthRenew offers growers natural fertilizer alternatives that enhance the soil’s ability to restore itself while growing healthy plants. The regenerative product line is branded under the label Replenish Nutrients Ltd. and is targeted at conventional and organic growers who are seeking solutions to address soil health needs. EarthRenew benefits from multiple revenue streams including, primarily, the sale of regenerative fertilizers, but also enjoys secondary revenue from generating power and selling surplus electricity.