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Investor Presenta,on
JUNE 2016
Certain statements in this presenta,on may cons,tute "forward-looking" statements which involve known and unknown risks,
uncertain,es and other factors which may cause the actual results, performance or achievements of Potash Ridge Corpora,on
(the "Corpora,on"), or industry results, to be materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. When used in this presenta,on, such statements use such words
as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "an,cipate", "es,mate" and other similar terminology.
These statements reflect the Corpora,on's current expecta,ons regarding future events and opera,ng performance and
speak only as of the date of this presenta,on. Forward-looking statements involve significant risks and uncertain,es, which
include, but are not limited to the factors discussed under “A Cau,onary Note Regarding Forward Looking Statements” and
"Risk Factors" in the Corpora,on’s Annual Informa,on Form dated March 28, 2016, and should not be read as guarantees
of future performance or results, and will not necessarily be accurate indica,ons of whether or not such results will
be achieved. Although the forward-looking statements contained in this presenta,on are based upon what
management of the Corpora,on believes are reasonable assump,ons, the Corpora,on cannot assure
investors that actual results will be consistent with these forward-looking statements. These forward-
looking statements are made as of the date of this presenta,on and are expressly qualified in their
en,rety by this cau,onary statement. Subject to applicable securi,es laws, the Corpora,on assumes
no obliga,on to update or revise them to reflect new events or circumstances.
FORWARDLOOKINGSTATEMENTS
2
PotashRidge is a near term producer of premium fer,lizer with world class development
assets in Utah and Quebec.
ABOUTUS
3
The Company is uniquely posi,oned to take advantage of strong markets
for Sulphate of Potash.
TSX:PRK
• Domes,c selling price 3x regular potash (“MOP”)
• Global consump,on is ~5 million tonnes per year (“tpy”)
• Demand poten,al is 10 million tpy
• Exis,ng producers unable to expand to meet supply deficit
HIGHLIGHTS
4
SulphateofPotash(SOP):PremiumPotash/SignificantSupply
Deficit
• Become the first SOP producer using
Mannheim process in North America and,
longer term, the largest North American
SOP producer
• 40,000 tpy of SOP; CDN$48.8 million capex
• 34.7% aoer tax IRR
• Proven process used throughout Europe and Asia
• Produc,on scheduled to commence in Q4 2017
• Strategic loca,on near by-product hydrochloric acid demand
• Expansion poten,al at site
• Poten,al for over $14m in average annual cash flows (Y1-Y5)
• Up to 585,000 tpy of SOP; poten,al to phase-in
produc,on to reduce front end capex
• Prefeasibility complete: 20.5% aoer tax IRR
• Large surface mineral deposit; over 40-year reserve life
• Major permits and water rights secured; infrastructure
nearby
• Poten,al upside from alumina residue in tailings
• Poten,al for over US$250M in average annual cash flow
Strategy Valleyfield(Quebec)
BlawnMountain
(Utah)
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-
100.0
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400.0
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800.0
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Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2012 2013 2014 2015 2016POT-NorthAmerica(MOP) CMP-(SOP) CMPGuidance-(SOP)
SOP: A top performing commodity in last 5 years
SOP:SUPERIORPRODUCTWITHATTRACTIVEMARKETDYNAMICS
SOP(K2SO4)
US$709/tonne in NA(1)
Global market demand 5 million tpy, poten,al market
of 10 million tpy
Fundamental supply deficit – limited ability to grow
produc,on using exis,ng processes
Low chloride, high sulphur – providing benefits to crops not
available with MOP
Improves yield, taste, appearance and shelf life; ideal for salty or sandy soils or arid
climates
Significant benefits over MOP for fruits, vegetables, nuts, potatoes, tobacco – many
other high value crops
MOP(KCI)
US$178/tonne in North America(2)
Global market 55 million tpy
Market is in over supply, with idle capacity and mul,ple
projects in pipeline
Contains chloride – no nutrient value; in many instances
detrimental to plants
Chloride can leach into groundwater or build-up in arid
soil condi,ons, impac,ng yields and crop quality
Primarily for corn and grain crops that can withstand chloride
1CompassMineralsQ12016Report,2PotashCorpQ12016Report
SERVINGANUNDERSERVEDMARKET
5TSX:PRK
MOPSOP
GLOBALSOPPRODUCTIONANDCONSUMPTION
6
CHINA2,500k tpy
EUROPE1,850k tpy
USA300k tpy
CHILE150k tpy
RUSSIA120k tpy
SEASIA250k tpy
MIDDLEEAST100k tpy
EUROPE1,200ktpyNORTH
AMERICA400ktpy
SOUTHAMERICA300ktpy
CHINA2,500ktpy
AFRICA250ktpy
ROW500ktpy
PRODUCTION CONSUMPTION
Source: CRU 2013
RegionalconsumpIondrivenbyaccesstoproductduetosupplyconstraints
BLAWNMOUNTAIN,UTAH
Poten,al for up to 585,000 tpy SOP produc,on
Evaluate scaling with targeted first produc,on in late 2019
VALLEYFIELD,QUEBEC
Bring ini,al 40,000 tpy SOP into produc,on in Q4 2017
Complete permitng and break ground in 2016
DIVERSIFIEDSOPPROJECTS
7
Finalize SOP ouake and other commercial arrangements
Leverage management teams’ strong project development and financing exper,se
Develop EPC or similar construc,on arrangements to minimize execu,on risk
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Valleyfield Project
Quebec
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VALLEYFIELDPROJECT(QUEBEC)
9
Located near hydrochloric acid customers MOU signed for o9ake of ini<al produc<on Discussions underway for second phase of hydrochloric acid o9ake
Engineering study completed by SNC on March 29, 2016 Plan to build under EPC contract Phase 1 - 40,000 tpy of SOP
CDN$14.1 million average annual cash flow for first 5 years Poten,al to build addi,onal units (scalable in increments of 10,000 tpy) Permitng expected to take three months Strong interest in SOP ouake Awrac,ve financing support in Quebec Expect to start construc,on in late 2016: 12-month construc<on schedule
Phase1-EconomicSummary(CDN$)
IniXalcapitalcost $48.8 million
IRR(unleveredaZertax)
34.7%
NPV(aZertaxat10%) $74.0 million
SOPprice/tonne $900 (U.S.$700 )
MOPprice/tonne $350 (U.S.$178)
Opex/tonne $460
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Located in industrial area near Montreal, Quebec Property secured in industrial zone Strong local support Rail access at site Port within 2 km, allowing access into key U.S. markets Within 2 km of sulphuric acid supplier – discussions ini,ated with suppliers Located near hydrochloric acid customers Quebec Government highly suppor,ve of new investments that create employment (including providing financial support)
10
1
2
3
4
5
6
7
VALLEYFIELD:STRATEGICALLYLOCATED
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8
PROVENMANNHEIMPROCESS
Converts MOP to SOP Proven produc,on process (150 year history), with numerous opera,ng facili,es in Europe and China (about 40% of current SOP produc<on is from Mannheim)
High quality, consistent produc,on process
Scale allows for construc,on ,me of 12-months
POTASSIUM CHLORIDE
(MOP)
SULPHURIC ACID
ENERGY
MANNHEIM FURNACE
POTASSIUM SULPHATE
(SOP)
HYDRO- CHLORIC ACID
(HCL)
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VALLEYFIELDNEXTSTEPS
1
EngineeringStudy
Completed by SNC on March 29, 2016
Finalize EPC arrangements
2
Permieng
Expected to take three months
3
AcidCommercialArrangements
Plan to have a third party build, own,
operate hydrochloric acid and sulphuric acid infrastructure
Third party will also be responsible for acid ouake and
logis,cs
4
SOPOfake
Mul,ple expressions of interest in ouake.
Nego,a,ons set to commence
now engineering study complete
5
Financing
Discussions ongoing with preliminary
engineering study complete
Quebec government financial support
programs available
6
ConstrucXon
Expect to commence in late 2016
An,cipate 12-month construc,on ,metable
12TSX:PRK
Blawn Mountain Project
Utah
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BLAWNMOUNTAINPROJECT(UTAH)
14
Surface mining with adjacent processing facility Known process to convert alunite ore into SOP, by-product sulphuric acid and an alumina-rich material Prefeasibility Study completed by Norwest in December 2013 P+P reserves support 40 year mine life, Poten<al to increase life of opera<ons through addi<onal explora<on
Project permiwed; water rights secured MOU nego,ated with third party for ouake of sulphuric acid Engineering study will assess the poten,al to phase project to significantly reduce up-front capital cost Poten,al to fast track next stage of development
PFSEconomicSummary(US$)
IniXalcapitalcost $1,124 million
IRR(unleveredaZertax)
20.5%
NPV(aZertaxat10%) $1.0 billion
SOPprice/ton $649
Opex/ton(1) $173
(1) Net of acid credit and excluding royal<es.
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UTAHAn Awrac,ve Place for Mining
BLAWNMOUNTAINPROJECT(UTAH)
15
• Major resource producing state
• Over 100 years of potash produc,on
• Best state for business and top quar,le mining jurisdic,on(1)
• 100% state-owned land
• Strong state government and local support
• All necessary infrastructure nearby (1) Forbes Magazine, 2015 Ranking and Fraser Ins<tute, April, 2013
1
2 3
54
1 Area 2 Mining Zone 2 Processing Plant Loca,on 3 Access Road 4 Area 1 Mining Zone 5 Ore Test Pit
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RESERVESANDMINELIFE
Drilling work to date has established 40 years of reserves –
calculated by independent
engineer (Norwest)
Drilling to date has focused only on two
of the four areas within the 15,400 acre land posi,on
NOTDRILLED
DRILLED
MineralReservesbyCategoryNovember6,2013
ReserveCategory
Total
Proven('000tons)
Probable('000tons)
AluniteOre(ROMtons) 136,254 289,540 425,794
Ore(averageK2O(%)grade) 3.56 3.49 3.51
Ore(averageK2SO4(%)grade) 6.59 6.46 6.49
SOP(tons) 8,457 17,970 26,427
SulphuricAcid(tons)@98%Purity 18,888 40,136 59,024
16TSX:PRK
PERMITTINGESSENTIALLYCOMPLETED
The following table iden,fies the majorpermitsandapprovals that the Corpora,on has or s,ll needs to obtain prior to construc,on:
17
PERMIT/APPROVAL ISSUINGAGENCY COMPLETED
ExploraXonPermit Utah Division of Oil, Gas and Mining October,2011
USArmyCorpsofEngineersJurisdicXonalWatersConcurrence US Army Corps of Engineers March,2014
GroundwaterPermits Utah Division of Water Quality July,2014
LargeMineOperaXonApproval Utah Division of Oil, Gas and Mining August,2014
AirQualityEmissionStandard Utah Division of Air Quality
AirQualityEmissionStandardrequirestheengineeringtobeparXallycompletedbeforetheapplicaXonisfiled. It is technically not a permit, but more an agreed upon emission target that the Project must be designed to meet.
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INDUSTRYPROVENFLOWSHEET
ALUNITE
CRUSHING & GRINDING
CALCINATION
WATER LEACH
ALUMINA RICH MATERIAL
SO2
SOP SOLUTION
ACID PLANT
CRYSTALLIZING DRYING, COMPACTING & SIZING
SUPHURIC ACID
SOP
18
• Exis,ng plant in Azerbaijan currently mothballed (Ganja Refinery)
• Flowsheet similar to commercial-scale produc,on processes historically used in US and Australia
• Extensive test work confirms flowsheet
• Planned addi,onal test work will include bulk samples at equipment vendor facili,es – will result in vendors providing produc,on guarantees
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• Economics exclude revenue from alumina rich material
BLAWNMOUNTAINDEVELOPMENTTIMELINE
Late1970’s$25 million
invested developing
Project
April2012Ini,al resource
es,mate
August2014Large Mine
Opera,ng Permit issued
December2012IPO $80M
market cap
March2014US ACOE confirms
no US federal permits required; explora,on lease converted to
mining lease
July2014Groundwater
Discharge Permit issued
December2013Prefeasibility
Study established 40 years of reserves
November2012Preliminary Economic
Assessment
2011Project Acquired
October2014Entered into ouake
and marke,ng arrangement for by-
product sulphuric acid
19TSX:PRK
BLAWNMOUNTAINNEXTSTEPS
1
MaintainValueCreatedtoDateWhileRaising
Pre-ConstrucXonCapital
• Mining lease modified in June 2015 to defer
lease payments
• Permits remain intact
• Commercial arrangements already nego,ated for support infrastructure
remain in place
2
FurtherEvaluateReducedScaleAlternaXve
• Engineering firm will evaluate phased
development of project
• Ul,mate goal will be to obtain EPC quote on
reduced scale alterna,ve
3
Ofake
• Ini,ate discussions with poten,al ouake
partners aoer comple,on of reduced
scale alterna,ve evalua,on
4
Financing
• Strong interest in construc,on financing – con,nue dialogue with
poten,al financiers
20TSX:PRK
GUYBENTINCKPresident & Chief Execu<ve Officer
• Chartered Professional Accountant
• 20 years mining/resource experience
• Sherriw CFO and SVP Capital Projects
EXPERIENCEDANDPROVENMANAGEMENT
ROSSPHILLIPSChief Opera<ng Officer & Chief Financial Officer
• MA (Econ)/MBA/CFA/CPA
• 10 years experience in large resource and energy sector projects • Sherriw, Capital Power
JAYHUSSEYVP Corporate Finance & President, Valleyfield Fer<lizer
• 20 years capital markets consul,ng
• 9 years SOP experience with Migao Corpora,on (TSX-listed, China-based, Mannheim SOP producer)
RIPTONRAMSINGHProject Consultant
• BSc Applied Chemistry/MBA
• 30 years experience in alumina industry • Hatch, Alumina Partners of Jamaica,
OVER
80 YEARS
COMBINEDEXPERIENCE
21TSX:PRK
CAPITALSTRUCTURE
Date/Price Price Proceeds$mm
February 2011 $0.05 $1.1
August 2011 $0.25 5.4
November 2011 $0.25 1.5
December 2011 $0.25 0.5
December 2011 $0.75 10.5
December 2012 $1.00 20.0
November 2015 $0.03 0.6
April 2016 $0.15 1.75
May 2016 $0.25 $1.4
Total $42.75
AcXvity $mm
Various engineering studies $10.4
Drilling 6.8
Employee costs 6.3
Engineering and permitng consul,ng costs 5.4
Mineral leases 2.5
Other 1.2
Total $32.6
CAPITAL RAISES CAPITALIZED COSTS
125.9MTotalCommonSharesOutstanding
9.3MStockOpIons
19.2M9.9M@$0.08Warrants(exp.Nov2017)6.5M@$0.30Warrants(exp.Apr2019)2.8M@$0.50Warrants(exp.May2019)
154.4MTotalFully
DilutedShares
22TSX:PRK
SharePrice(June1) $0.36
MarketCap(basic) $45M
52weekhi-lo $0.50-$0.03
www.potashridge.com
TSX:PRK