United States
United States

Agrium Inc. is a major retail supplier of agricultural products and services in North and South America, a leading global wholesale producer and marketer of all three major agricultural nutrients and the premier supplier of specialty fertilizers in North America through its Advanced Technologies business unit. Agrium was founded as Cominco Fertilizers, Limited . in 1931 and changed its name to Agrium, Incorporated. in 1995. Wikipedia.


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News Article | May 10, 2017
Site: www.prnewswire.com

PotashCorp is the world's largest crop nutrient company and plays an integral role in global food production. The company produces the three essential nutrients required to help farmers grow healthier, more abundant crops. With global population rising and diets improving in developing countries, these nutrients offer a responsible and practical solution to meeting the long-term demand for food. PotashCorp is the largest producer, by capacity, of potash and one of the largest producers of nitrogen and phosphate. While agriculture is its primary market, the company also produces products for animal nutrition and industrial uses. Common shares of Potash Corporation of Saskatchewan Inc. are listed on the Toronto Stock Exchange and the New York Stock Exchange. This release contains "forward-looking statements" (within the meaning of the US Private Securities Litigation Reform Act of 1995) or "forward-looking information" (within the meaning of applicable Canadian securities legislation) that relate to future events or our future performance. These statements can be identified by expressions of belief, expectation or intention, as well as those statements that are not historical fact. These statements often contain words such as "should," "could," "expect," "forecast," "may," "anticipate," "believe," "intend," "estimates," "plans" and similar expressions. These statements are based on certain factors and assumptions as set forth in this document, including with respect to: foreign exchange rates, expected growth, results of operations, performance, business prospects and opportunities, including the completion of the proposed merger of equals with Agrium, and effective tax rates. While we consider these factors and assumptions to be reasonable based on information currently available, they may prove to be incorrect. Forward-looking statements are subject to risks and uncertainties that are difficult to predict. The results or events set forth in forward-looking statements may differ materially from actual results or events. Several factors could cause our actual results or events to differ materially from those expressed in forward-looking statements including, but not limited to, the following: our proposed merger of equals transaction with Agrium, including the failure to satisfy all required conditions, including required regulatory approvals, or to satisfy or obtain waivers with respect to all other closing conditions in a timely manner and on favorable terms or at all; the occurrence of any event, change or other circumstances that could give rise to the termination of the arrangement agreement; certain costs that we may incur in connection with the proposed merger of equals; certain restrictions in the arrangement agreement on our ability to take action outside the ordinary course of business without the consent of Agrium; the effect of the announcement of the proposed merger of equals on our ability to retain customers, suppliers and personnel and on our operating future business and operations generally; risks related to diversion of management time from ongoing business operations due to the proposed merger of equals; failure to realize the anticipated benefits of the proposed merger of equals and to successfully integrate Agrium and PotashCorp; the risk that our credit ratings may be downgraded or there may be adverse conditions in the credit markets; the results of our impairment assessment regarding the carrying value of certain assets; variations from our assumptions with respect to foreign exchange rates, expected growth, results of operations, performance, business prospects and opportunities, and effective tax rates; fluctuations in supply and demand in the fertilizer, sulfur and petrochemical markets; changes in competitive pressures, including pricing pressures; risks and uncertainties related to any operating and workforce changes made in response to our industry and the markets we serve, including mine and inventory shutdowns; adverse or uncertain economic conditions and changes in credit and financial markets; economic and political uncertainty around the world; changes in capital markets; the results of sales contract negotiations within major markets; unexpected or adverse weather conditions; risks related to reputational loss; the occurrence of a major safety incident; inadequate insurance coverage for a significant liability; our inability to obtain relevant permits for our operations; catastrophic events or malicious acts, including terrorism; certain complications that may arise in our mining process, including water inflows; risks and uncertainties related to our international operations and assets; our ownership of non-controlling equity interests in other companies; our prospects to reinvest capital in strategic opportunities and acquisitions; risks associated with natural gas and other hedging activities; security risks related to our information technology systems; imprecision in reserve estimates; costs and availability of transportation and distribution for our raw materials and products, including railcars and ocean freight; changes in, and the effects of, government policies and regulations; earnings and the decisions of taxing authorities which could affect our effective tax rates; increases in the price or reduced availability of the raw materials that we use; our ability to attract, develop, engage and retain skilled employees; strikes or other forms of work stoppage or slowdowns; rates of return on, and the risks associated with, our investments and capital expenditures; timing and impact of capital expenditures; the impact of further innovation; adverse developments in pending or future legal proceedings or government investigations; and violations of our governance and compliance policies. These risks and uncertainties are discussed in more detail under the headings "Risk Factors" and "Management's Discussion and Analysis of Results and Operations and Financial Condition" in our Annual Report on Form 10-K for the fiscal year ended December 31, 2016 and in other documents and reports subsequently filed by us with the US Securities and Exchange Commission and the Canadian provincial securities commissions. Forward-looking statements are given only as of the date hereof and we disclaim any obligation to update or revise any forward-looking statements in this release, whether as a result of new information, future events or otherwise, except as required by law.


News Article | May 19, 2017
Site: worldmaritimenews.com

The authorities in Panama have detained a dry bulk carrier loaded with around 55,000 tons of phosphate rock mined and sold from the disputed Moroccan region of Western Sahara, Reuters reports. The 2016-built Supramax Ultra Innovation, managed by Denmark’s Ultrabulk, was detained under a maritime court order while traversing the Panama Canal after the Saharawi Arab Democratic Republic (the SADR) and the Frente Polisario claimed the cargo was transported illegally. Ultra Innovation was transporting the cargo, valued at around USD 6 million, from El Aauin to the Port of Vancouver, Canada, for Agrium Inc. The vessel is being held in the port of Panama and is under a judicial investigation. World Maritime News contacted Ultrabulk for a comment, and the company is yet to reply. This is the second seizure of vessels carrying phosphate from the disputed territory of Western Sahara this month. Earlier in May, the Cherry Blossom, sailing under the flag of the Marshall Island, was detained in Port Elizabeth, South Africa, under a civil maritime court order. The vessel, bound for New Zealand, will remain in detention after a court in South Africa reserved a judgement on the case and extended the hold on the ship until June 9. The SADR and Polisario base their claims on last year’s ruling by a European court that Western Sahara should not be considered a part of the Morroccan Kingdom in trade deals between Morrocco and the European Union.


News Article | May 29, 2017
Site: www.marketwired.com

Working Capital of $46.6 million as at March 31, 2017 CALGARY, ALBERTA--(Marketwired - May 29, 2017) - GrowMax Resources Corp. (the "Company" or "GrowMax Resources") (TSX VENTURE:GRO) announces that it has filed its condensed interim consolidated financial statements and Interim MD&A - Quarterly Highlights relating to its first quarter 2017 results. These filings can be accessed on SEDAR's website at www.sedar.com and on the Company's website at www.growmaxcorp.com. In addition, the Company announces further details regarding the extension and modification of its commitments related to the Bayovar Property in Peru, and details of the Company's upcoming annual and special meeting of common shareholders, at which the Company intends to propose two new directors for election, both with significant fertilizer industry experience. Stephen Keith, President of GrowMax Resources, stated, "We are pleased to report that in addition to progressing our potash and phosphate projects in Peru, we were able to limit spending in Q1/17 while monetizing non-core available-for-sale financial assets, allowing us to increase our cash and equivalents on hand to approximately $46.4 million as at March 31, 2017. The Company's strong working capital balance combined with the progress we continue to make on our core Peruvian fertilizer assets has helped us to attract strong new board members, which we believe further strengthens our positioning and ability to execute our strategy of becoming a leading producer of potash and phosphate fertilizer products in Peru." SUMMARY OF SELECTED FINANCIAL AND OPERATIONAL HIGHLIGHTS The following Summary of Selected Financial and Operational Highlights have been derived from the condensed interim consolidated financial statements and Interim MD&A - Quarterly Highlights. Readers are encouraged to review the entire condensed interim consolidated financial statements and Interim MD&A - Quarterly Highlights. All amounts are in Canadian dollars unless otherwise stated. See notes (1) and (2) further below. In May 2017, a two-year extension and modification to the Company's commitments pursuant to the transfer agreement was approved. As a result, the following commitments related to the project are outstanding as of the current date: GrowMax Resources is focused on working towards reaching these commitments and moving forward on the Bayovar Project. GrowMax is pleased to announce that the Company's annual and special meeting of common shareholders will be held at 3:00 P.M. (Calgary Time) on June 28, 2017 at The Metropolitan Centre, 333 - 4th Avenue S.W., Calgary, Alberta (the "Shareholders Meeting"). A Notice of Meeting and Management Information Circular ("Information Circular") setting out the items of business as well as other regulatory disclosures will be mailed to all shareholders of record as at May 23, 2017. Shareholders are encouraged to attend the Shareholders Meeting in person or to submit their proxies and voting instruction forms in the manner set out in the Information Circular. At the Shareholders Meeting, two new directors, Mr. John Van Brunt and Mr. Stephen Paxton, are being proposed for election as directors of the Company. Mr. Ken Geren elected not to stand for re-election as a director. Mr. John Van Brunt is a chemical engineer and fertilizer industry executive with more than 40 years of experience in the production and distribution of agricultural products. He was a director of Rio Verde Minerals Development Corporation from 2011 to the spring of 2013. Mr. Van Brunt was the Chief Executive Officer of Agrium Inc. from 1993 until his retirement in September 2003. Prior thereto, he was the President of Cominco Fertilizers from 1991 to 2003. He has served on the Executive Committee of the International Fertilizer Association ("IFA") located in Paris between 2003 and 2005 and as the President of the IFA from 2003 to 2005. Mr. Van Brunt has also served on the board of directors of several private and public companies involved in the fertilizer industry. Mr. Steven Paxton is a former senior executive with The Mosaic Company and predecessor companies and has over 35 years of global fertilizer sales and marketing management experience. Mr. Paxton is currently a director of JDC Phosphates, a private phosphate technology development company since March 2014. Prior thereto, Mr. Paxton was Vice President International Sales for The Mosaic Company between October 2004 and June 2010 during which time he also served as President and Director of the Phosphate Chemical Export Association (PhosChem). During his 35 year tenure as an industry executive, he also served on several boards of directors including the Canadian Potash Export Association, Coromandel Fertilizer Pty. Ltd, Chinhae Chemical Company and IMC Pacific Limited. He served as a phosphate industry consultant to the United States Trade Representative for WTO negotiations with China. Mr. Paxton graduated with a Bachelor of Science in Marketing from Indiana State University in 1974, and from the Advanced Management Program at Northwestern University's Kellogg Graduate School of Business in 1998. Abby Badwi, Executive Chairman, commented, "We are very pleased to have Mr. Van Brunt and Mr. Paxton agreeing to join our board. Their vast collective experience in the fertilizer business will be most valuable for the Company and its forward growth plans. The board of GrowMax and I would also like to thank Mr. Ken Geren for his time and effort as director of the Company since June 2015. His involvement in re-organizing the Company and its future direction was very valuable." Mr. Geren commented, "It has been my pleasure to serve on GrowMax Resources' board of directors. When I joined the board, my intention was to help better align management and shareholder interests. I believe this has largely been achieved. With the potential addition of two extremely strong board members, which add valuable fertilizer industry experience, I am comfortable stepping down from my position at this time." The Company would like to congratulate its director, Mr. Rakesh Kapur, Joint Managing Director, Indian Farmers Fertiliser Cooperative Limited (IFFCO), on being elected the Chairman of the International Fertilizer Association ("IFA") at IFA's recent Annual Conference. Paris based IFA is the global Fertilizer Association having approximately 500 Members Worldwide representing 68 countries. GrowMax Resources Corp. is a publicly listed Canadian company (Ticker GRO on TSX-V) focused on exploration and development of phosphate and potassium-rich brine resources on its Bayovar Property, which is located in the Sechura Desert in northwestern Peru. The Company's vision is to become a leading producer of phosphate and potash fertilizer products in Peru. GrowMax Resources owns approximately 92% of GrowMax Agri Corp., a private company that owns 100% of the Bayovar Property, which currently covers approximately 227,000 gross acres. The Indian Farmers Fertiliser Co-operative Limited (IFFCO) and its affiliates own approximately 8% of GrowMax Agri Corp. Certain statements contained in this Press Release may constitute "forward-looking information" as such term is used in applicable Canadian and US securities laws. Any information or statements contained herein that express or involve discussions with respect to predictions, expectations, plans, projections, objectives, assumptions or future events should be viewed as forward-looking information. Such information relate to analyses and other information that are based upon forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Such forward-looking information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different than those results, performance or achievements expressed or implied by such forward-looking information. In particular, statements (express or implied) contained herein or in the Company's Interim MD&A - Quarterly Highlights regarding the following should be considered as forward-looking information: the Company's goals, growth, plans, strategy and objectives; progress on the Company's assets; the Company's positioning and ability to execute its strategy of becoming a leading produce of potash and phosphate fertilizer projects in Peru; the reaching of the Company's commitments and moving forward on the Bayovar Project; and the election of new board members. Additional forward-looking information is contained in the Company's Interim MD&A - Quarterly Highlights, and reference should be made to the additional disclosures of the assumptions, risks and uncertainties relating to such forward-looking information in that document. There is no assurance that such forward-looking information will prove to be accurate as actual results and future events could vary or differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking statements contained in this Press Release. This cautionary statement expressly qualifies the forward-looking statements contained herein and in the Interim MD&A - Quarterly Highlights. Forward-looking information is based on management's beliefs, expectations, estimates and opinions on the date statements are made and the Company undertakes no obligation to update forward-looking information and whether the beliefs, expectations, estimates and opinions upon which such forward-looking information is based has changed, except as required by applicable law. NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE RELEASE.


A controlled release fertilizer composition and methods to produce the controlled release fertilizer composition. The controlled release fertilizer composition includes a fertilizer core that is coated with a polymeric layer, such as polyurethane, that includes a small molecule diol.


A controlled release fertilizer material comprising a particulate plant nutrient surrounded by, a coating of a mixture including an isocyanate and a polyol, and further comprising a modified wax that may include a polyhydroxyt compound in which the wax and/or the polyhydroxyl compound are cross-linked with a sulfur or oxygen or a peroxide cross-linking moiety. In certain embodiments, the wax and polyhydroxyl compound are cross-linked at unsaturated sites in the wax or polyhydroxyl compound using heat, UV or ionizing radiation.


Patent
Agrium Inc. | Date: 2012-05-22

A controlled release fertilizer composition and methods to produce the controlled release fertilizer composition are described. The controlled release fertilizer composition comprises a water soluble fertilizer core that is coated with a polymeric layer, intermediate layer, and a sulfur layer. If desired, the sulfur layer can be coated with an outer water-insoluble layer.


A controlled release fertilizer material comprising a particulate plant nutrient surrounded by at least one coating comprising the reaction product of a mixture consisting essentially of a polyol having an equivalent weight from 29 to 150, an isocyanate, a wax, an epoxidized fatty acid triglyceride oil, and optionally, a castor oil.


The present invention is directed to a process for coating a substrate in a rotating drum, wherein a pocket is created in a substrate bed into which pocket coating materials are delivered. Also provided is a controlled release product produced according to this process, and an apparatus for carrying out the process.


Patent
Agrium Inc. | Date: 2012-05-04

A controlled release fertilizer composition and methods to produce the controlled release fertilizer composition are described. The controlled release fertilizer composition comprises a water soluble fertilizer core that is coated with a polymeric layer, intermediate layer, and a sulfur layer. If desired, the sulfur layer can be coated with an outer water-insoluble layer.


A controlled release fertilizer composition and methods to produce the controlled release fertilizer composition. The controlled release fertilizer composition includes a fertilizer core that is coated with a polymeric layer, such as polyurethane, that includes an organic carbonate additive.

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