Organic Potash Corporation (“OPC” or the “Corporation”) OPC announced a significant event, with respect to its operations in West Africa. OPC through its subsidiary in West Africa, OPC Ivory Coast (OPCIC) Inc., has entered into a Memorandum of Understanding for a Cooperation Agreement (the “Agreement”) with PALMCI. PALMCI is a subsidiary company of the SIFCA Group, a major global player in several agro-industrial fields.

The Agreement opens up the possibility of producing a mix of food-grade potassium carbonate crystals (at 99% purity), potassium carbonate solution and organic sourced fertilisers using OPC's licenced technology. Following the successful testing and determination, the parties will review a potential investment decision to construct a first production unit on a PALMCI site in Ivory Coast. In parallel, OPC Ivory Coast will begin next year, preliminary pilot operations of the production of cocoa-based potassium carbonate and other products.

The mixture of cocoa and palm oil production waste are the two key ingredients envisaged under this agreement. Africa supplies approximately 75% of global cocoa, with Ivory Coast alone producing 43%.