Demand for Phosphate is Outpacing Supply
Fox River owns a 100% interest in the Martison phosphate project near Hearst, Ontario
“Martison is a rare asset with significant economic potential. It has benefited from tens of millions in investment by predecessor companies over several cycles.”
David Lotan, CPA
- Non-Executive Chairman of Fox River Resources
- Former Portfolio Manager for the Ontario Teachers’ Pension Plan
Value Proposition
- During the last Agriculture Cycle from 2006-2009, the Martison phosphate project was PhosCan Chemical Corp’s primary project
- PhosCan Chemical, raised $90M over 14 months, with the last $55M financing at a market capitalization of $350M
- In 2016, Fox River Resources was spun out of PhosCan Chemical Corp.
- The project has undergone significant investment and is poised for potential development during the next agriculture cycle
Phosphate Prices are Rising
Source: The World Bank
Robust Financial Metrics in a World-Class Jurisdiction
- The Martison phosphate project’s Preliminary Economic Assessment (PEA) was released on April 21, 20221
- The assessment revealed strong project economics, with a pretax net present value of US$3.53 billion and an internal rate of return of 26.8%
- At base case pricing, the project, if developed, is estimated to generate US$20.55 billion in total revenue and US$6.46 billion in cash flow
1: Please see Fox River’s PEA filed on SEDAR on June 6, 2022 for more information concerning facts, assumptions and figures.
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Listed on the Canadian Securities Exchange (CSE: FOX)
| Shares Outstanding | 64,473,085 |
| Options | 4,800,000 |
| Warrants | 52,500 |
| Fully Diluted S/O | 69,325,585 |
| Basic Market Cap* | $14.8M |
| Cash | $1.7M |
*Data as of March 1, 2024
Investor Presentation
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Interview with Stephen Case, CEO of Fox River
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Disclaimer
The preliminary economic assessment is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized. Mineral resources are not mineral reserves and do not have demonstrated economic viability.
Forward-Looking Information
Certain information set forth on this web page may contain forward-looking information that involve substantial known and unknown risks and uncertainties, including, but not limited to, exploration results, potential mineralization, statements relating to mineral resources, the economic potential of, and projected revenues from, the Martison property, Fox River’s plans with respect to the exploration and development of the Martison property, demand for Phosphate coming from the fuel sector of the food chain, projections relating to renewable diesel and future demand for corn, grain and fertilizers. Actual results may vary from this forward-looking information. This forward-looking information is subject to numerous risks and uncertainties, many of which are beyond the control of Fox River Resources Corporation, including, but not limited to, the impact of general economic conditions, industry conditions, volatility of commodity prices, fluctuations in demand for commodities in general, and fertilizer and phosphate in particular, risks associated with the uncertainty of exploration results and estimates, currency fluctuations, dependency upon regulatory approvals, the uncertainty of obtaining additional financing, exploration risk and Covid-19 pandemic related orders and all other risks and uncertainties detailed in Fox River’s Management Discussion & Analysis, filed on sedar.com. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Fox River undertakes no obligation to update the forward-looking information, except as may be required by law.