Buffalo Potash Corporation received final regulatory approval from Saskatchewan's Ministry of Environment to construct and operate its Initial Production Module (IPM) at the Disley Project. This approval allows the company to advance surface construction and prepare for brine circulation, targeting first potash production in Q1 2027. The IPM is designed to produce 125,000 tonnes annually and is the first phase of a larger plan to develop up to 1.125 million tonnes per year across three mines. This milestone brings Buffalo closer to establishing a new potash source in Canada with a modular, capital-efficient mining approach.
Buffalo Potash's project progress is noted alongside a Basic Materials sector breadth of 44 stocks rising and 30 falling out of 83 priced on Pluang. For readers following Basic Materials, here is Pluang's market snapshot as of Oct 16, 2026 18:41 WIB: Standard Lithium Ltd (SLI) traded at USD 1.41 with a 1-day change of +1.44% and a Pluang order activity split of 36% Sell / 64% Buy, FMC Corp (FMC) at USD 5.54 with -1.42% and 8% Sell / 92% Buy, and Gold Fields Limited (GFI) at USD 37.59 with +1.35% and 28% Sell / 72% Buy. Typical hold times ranged from 25 to 66 days on Pluang.
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