POTASH: Encanto, AMEC, First Nations sign historic agreement

SASKATCHEWAN – An historic agreement has been struck between the Muskowekwan First Nation and engineering firm Amec Foster Wheeler of Vancouver. The memorandum of understanding (MOU) creates a Muskowekwan business and is a step towards the First Nation’s goal of providing access to resource revenue, training and employment for its people. [caption id="attachment_1003717725" align="alignleft" width="142"] Core drilling at Encanto’s Muskowekwan potash project.[/caption] Encanto Potash Corp. says that Amec Foster Wheeler has signed a memorandum of understanding ("MOU") with Muskowekwan Resources (MRL), a wholly-owned operating company of the Muskowekwan First Nations and Encanto. The agreement sets forth the terms under which AMEC will provide First Nations members and businesses with the full range of opportunities during each part of the project. The mine site occupies lands belonging to the Muskowekwan First Nation about 140 km northeast of Regina. Muskowekwan, a Saulteaux (Ojibway) First Nation, will receive a revenue stream through its participation in the mine project. AMEC will also supply engineering expertise to support the First Nation’s participation. Please visit www.EncantoPotash.com for complete information about the Muskowekwan potash project.