Fox River Resources Corp (FOX) NPV

Fox River Resources Corporation is engaged in acquiring, exploring, evaluating and developing mineral and natural resources properties, such as its wholly owned Martison Phosphate Project. The Company owns a 100% interest in the Martison Phosphate Project, which is located about 70 kilometers (km) northeast of the town of Hearst, Ontario. The project’s mining leases and claims cover a contiguous area of approximately 8,450 hectares (ha). The project contains a major carbonatite (igneous carbonate-rich) pipe capped by a residual deposit (Residuum) enriched in phosphate and niobium minerals. The project entails the construction of a vertically integrated phosphoric acid facility. The plant would utilize the Martison phosphate deposit and sulphuric acid from existing nearby base metal smelters or a sulphuric acid plant built by the Company utilizing sulfur from Western Canada.