Magna Resources Ltd. (CNSX:MNA, OTCQX:MGRZF) announced that the U.S. Bureau of Land Management has completed a comprehensive Environmental Assessment , for its Green River Potash Project in the renowned Paradox Basin, Utah. The assessment has found that the project holds no significant impact: ‘Finding of No Significant Impact’ (“FONSI”).
Mike Sieb, President of Magna Resources commented:
This positive determination is a momentous conclusion to the Company’s Prospecting Permits application process, representing the most critical milestone achieved to date on the Project and by the Company. The BLM approval is only the second to be granted in Utah in the last 25 years, reflecting on the capability and perseverance of the Company as well as providing an exceptional first mover advantage opportunity into the extensive Paradox Basin.