Chatham Rock Phosphate Private Placement

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NEWS RELEASE 17-15                                                                             June 13, 2017

CHATHAM ROCK PHOSPHATE LIMITED PRIVATE PLACEMENT

 WELLINGTON New Zealand – Chatham Rock Phosphate Limited (TSXV: “NZP” and NZAX: “CRP” or the “Company") is pleased to announce a non-brokered private placement of up to 900,000 units (the “Units”) at a price of CAD$0.50 per Unit for gross proceeds of up to CAD$450,000.  Each Unit will consist of one common share in the capital of the Company and one-half of one non-transferable share purchase warrant (“Warrant”).  Each whole Warrant will entitle the holder thereof to acquire one common share at a price of CAD$1.00 per share at any time prior to the date that is two years from the date of issuance.  In the event that the common shares of the Company trade on the TSX Venture Exchange at a closing price of greater than CAD$1.20 per common share for a period of 20 consecutive trading days at any time after four months and one day after the closing date of the private placement, the Company may accelerate the expiry date of the Warrants by giving notice to the holders thereof by way of a news release and in such case the Warrants will expire on the 30th day after the date of dissemination of the news release.  The proceeds of this placement will be used for general working capital purposes.  There will be a finders’ fee payable in cash to arm’s length parties in connection with this placement as permitted under the policies of the TSX Venture Exchange.  The private placement is subject to the acceptance by the TSX Venture Exchange.

 

For further information please contact

Chris Castle
President and Chief Executive Officer
Chatham Rock Phosphate Limited
64 21 55 81 85 or chris@crpl.co.nz

Neither the Exchange, its Regulation Service Provider (as that term is defined under the policies of the Exchange), or New Zealand Exchange Limited has in any way passed upon the merits of the Transaction and associated transactions, and has neither approved nor disapproved of the contents of this press release.

 

 

CRP Appoints Two New Directors

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NEWS RELEASE 17-14                                                                                              June 7, 2017

 CHATHAM ROCK PHOSPHATE LIMITED APPOINTS TWO NEW DIRECTORS

 WELLINGTON New Zealand – Chatham Rock Phosphate Limited (TSXV: “NZP” and NZAX: “CRP” or

the “Company") today announced that it has appointed two new independent non-executive directors, Ernst Schönbächler and Ryan Wong to its board.

Managing Director Chris Castle said both incoming directors brought significant business experience in different realms and added to the board’s diverse international perspective.

Mr Schönbächler has more than 40 years of experience in the banking industry and is presently Managing Director of SwissGold Exploration AG, a wholly owned subsidiary of TSX-V listed NV Gold Corporation of Vancouver. Since 2004 he has been an independent financial consultant working with various public and private companies.

He has been a board member for several public and private companies in Canada, the United States, Luxemburg and Switzerland and also has a strong background in capital markets and venture capital, especially in Asia.

Mr Wong, who holds a Master’s degree in civil and structural engineering, holds a board and senior executive management role with the Caldecott Group of companies based in Malaysia.  Caldecott is primarily involved in property development and construction but has diverse investments in hospitality, recreation and mining. He has been with the Caldecott Group for more than 15 years.

Mr Wong is a member of the Institute of Directors NZ, the Association of Petroleum and Explosives Administration UK and the Association of International Petroleum Negotiators.

For further information please contact

Chris Castle
Chief Executive Officer
Chatham Rock Phosphate Limited
64 21 55 81 85 or chris@crpl.co.nz

Neither the Exchange, its Regulation Service Provider (as that term is defined under the policies of the Exchange), or New Zealand Exchange Limited has in any way passed upon the merits of the Transaction and associated transactions, and has neither approved nor disapproved of the contents of this press release.

Chatham announces lifting of management cease trade order

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NEWS RELEASE 17-13                                                                                             

CHATHAM ANNOUNCES LIFTING OF MANAGEMENT CEASE TRADE ORDER

 WELLINGTON New Zealand – Chatham Rock Phosphate Limited (TSXV: “NZP” and NZAX: “CRP” or the “Company") is pleased to announce that, further to the press releases dated April 26 and May 10, 2017, the management cease trade order received from the British Columbia Securities Commission on May 2, 2017, was lifted effective May 25, 2017, following the filing of the Company’s audited annual consolidated financial statements, management's discussion and analysis and the related officer certifications for the year ended December 31, 2016 on SEDAR effective May 24, 2017.

For additional information contact:

Chris Castle
Chief Executive Officer
Chatham Rock Phosphate Limited
Email: chris@crpl.co.nz
Cell: +64 21 558 185
Skype: phosphateking
www.rockphosphate.co.nz

Chatham says another halted phosphate shipment highlights NZ supply risk

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NEWS RELEASE 17-12                                                                                                   

Chatham says another halted phosphate shipment highlights NZ supply risk

 WELLINGTON New Zealand – Chatham Rock Phosphate Limited (TSXV: “NZP” and NZAX: “CRP” or the “Company") notes the halting of a second phosphate shipment from the Western Sahara is intensifying the supply risk for New Zealand farmers.

Chatham Chief Executive Chris Castle said today the need for New Zealand to secure its own low cadmium and ethical phosphate resource is highlighted by news Panama authorities have detained Moroccan phosphate shipment from the Western Sahara after the Polisario independence movement claimed the cargo had been transported illegally.

The detention of the vessel carrying phosphate rock cargo from Morocco's OCP for Canada's Agrium is the second tanker stopped this month by a Polisario legal challenge, a new tactic the independence movement has been using in its conflict with Morocco.  The first shipment was detained in South Africa. 

Western Sahara has been disputed since 1975, when Morocco claimed it as part of the kingdom and the Polisario fought a guerrilla war for the Sahrawi people's independence.

Both New Zealand fertiliser manufacturers source a large part of their phosphate rock supply from that area, so the implications for farmers and the economically important agriculture sector are serious.

Mr Castle said the company’s Chatham Rise resource is not only an ethical source but it also has among the lowest known levels of cadmium. 

“New Zealand needs to use its own source of ethically-produced, environmentally-friendly phosphate rock rather than importing product from a disputed territory.

“Phosphate is essential for the production of food and we can’t afford supply disruptions.  This underlines the strategic value of our deposit.

Mr Castle said Chatham’s product is also better for the environment as it binds to the soil and dramatically reduces run-off to waterways.

He said the rock from Morocco is used to make New Zealand’s predominant fertiliser superphosphate, which results in high levels of run-off with resulting pollution to our waterways and can also be detrimental to soil health over the long term.

“The solution to supply and environmental problems is the use of Chatham rock phosphate as an organic direct application fertiliser not processed with chemicals.

“We can deliver a secure and sustainable local supply of low-cadmium phosphate that will also reduce fertiliser run-off into waterways, produce healthier soils and shrink fertiliser needs over time,” Mr Castle said.

The Chatham Rise resource represents one of New Zealand’s more valuable mineral assets and is of huge strategic significance because phosphate is essential to maintain high agricultural productivity.

Chatham proposes to extract up to 1.5 million tonnes a year of phosphate nodules from the top half metre of sand on identified parts of an 820km2 area on the Chatham Rise, 450km off the west coast of New Zealand, in waters of 400m.

“Our environmental consenting process has established and independently verified that extraction would have no material impact on fishing yields or profitability, marine mammals or seabirds.”

 Chris Castle – +64 21 55 81 85 or chris@widespread.co.nz

 

About Chatham Rock Phosphate

Chatham Rock Phosphate, a publicly listed company, was granted a mining permit in 2013 to develop New Zealand’s only significant source of environmentally friendly pastoral phosphate fertiliser and is now preparing for a revised environmental consent application.

 Local and international investors have contributed more than $37 million to develop the project’s financial viability, environmental benefits and impacts, technical and logistical requirements, local and international product uses.

In progressing plans to submit a new application we are working with government officials to seek improvement in the permitting process and iwi, academic, industry and central government input to ensure New Zealand can benefit from an environmentally superior phosphate source.

Chatham is listed on NZAX, the Toronto Stock Exchange and in Frankfurt. These multiple listings provide a more useful share-trading platform for overseas shareholders and facilitate the capital raising needed for the consenting process and beyond.

Neither the Exchange, its Regulation Service Provider (as that term is defined under the policies of the Exchange), or New Zealand Exchange Limited has in any way passed upon the merits of the Transaction and associated transactions, and has neither approved nor disapproved of the contents of this press release.

 

Chatham offers secure, low cadmium and ethical phosphate resource option to NZ farmers

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NEWS RELEASE 17-10                                                                                                  

WELLINGTON New Zealand – Chatham Rock Phosphate Limited (TSXV: “NZP” and NZAX: “CRP” or the “Company") wishes to reconfirm that it offers a secure, low cadmium and ethical phosphate resource option to NZ farmers.

New Zealand needs to use its own source of ethically-produced, environmentally-friendly phosphate rock rather than importing product from a disputed territory, Chatham Rock Phosphate Chief Executive Chris Castle said today.
He was commenting on the interception and detention, by the Western Sahara liberation movement, of a shipment of phosphate rock on route for New Zealand
“This is the sort of supply disruption which we have been signalling for years. 
“As both New Zealand fertiliser manufacturers source a large part of their phosphate rock from that area, the implications for farmers and the agriculture sector (the backbone of our economy) are serious.
“It underlines the strategic value of our deposit.
“Most of the rock phosphate imported into New Zealand comes from mines in the Western Sahara which has been under armed occupation by Morocco since 1975. The trade has continued despite this – and the 1991 commitment of the United Nations (and subsequent sanctions) to ensure Western Sahara benefits from self-determination.”
Mr Castle said the Chatham Rise resource is not only an ethical source but it also has among the lowest known levels of cadmium.  
“To put it in a nut shell, Chatham offers a secure, ultra-low cadmium supply of rock phosphate – with no associated ethical baggage.
Mr Castle said the current issue is also a good time to consider more environmentally sustainable alternatives to current fertiliser products.
“The rock coming (or not coming) from Morocco is used to make superphosphate, the predominant fertiliser used in New Zealand to apply phosphorus to soils. 
“It’s well established this results in high levels of run off with resulting detrimental effects to our waterways.  Research indicates it can also be detrimental to soil health over the long term.
“The solution to both problems is the use of Chatham rock phosphate as a direct application fertiliser.
“We can deliver a secure and sustainable local supply of low-cadmium phosphate that will also reduce fertiliser run-off into waterways, produce healthier soils and shrink fertiliser needs over time,” Mr Castle said. 
The resource, with an estimated worth of $5 to $7 billion, represents one of New Zealand’s most valuable mineral assets and is of huge strategic significance because phosphate is essential to maintain New Zealand’s high agricultural productivity. 
Chatham proposes to extract up to 1.5 million tonnes a year of phosphate nodules from the top half metre of sand on identified parts of an 820km2 area on the Chatham Rise, 450km off the west coast of New Zealand, in waters of 400m. 
“Our environmental consenting process has established extraction would have no material impact on fishing yields or profitability, marine mammals or seabirds.”
Mr Castle said Chatham is also seeking other sustainable rock phosphate sources, to move from being a single project company and take more control of our destiny.
Recent approval of a Namibian environmental consent for a marine phosphate mining resource also opens the door for Chatham to advance its own Namibian permit applications. Chatham applied in 2012 for prospecting permits over five distinct areas well offshore Namibia, some not far from the area held by the successful applicant. These 2012 applications were lodged with the confidence that based on research undertaken to date, this area of the seabed likely contains substantial quantities of rock phosphate. 

Chris Castle – +64 21 55 81 85 or chris@widespread.co.nz

About Chatham Rock Phosphate 

Chatham Rock Phosphate, a publicly listed company, was granted a mining permit in 2013 to develop New Zealand’s only significant source of environmentally friendly pastoral phosphate fertiliser and is now preparing for a revised environmental consent application.

Local and international investors have contributed more than $37 million to develop the project’s financial viability, environmental benefits and impacts, technical and logistical requirements, local and international product uses.
In progressing plans to submit a new application we are working with government officials to seek improvement in the permitting process and iwi, academic, industry and central government input to ensure New Zealand can benefit from an environmentally superior phosphate source. 
Chatham is listed on NZAX, the Toronto Stock Exchange and in Frankfurt. These multiple listings provide a more useful share-trading platform for overseas shareholders and facilitate the capital raising needed for the consenting process and beyond.
Neither the Exchange, its Regulation Service Provider (as that term is defined under the policies of the Exchange), or New Zealand Exchange Limited has in any way passed upon the merits of the Transaction and associated transactions, and has neither approved nor disapproved of the contents of this press release.

Neither the Exchange, its Regulation Service Provider (as that term is defined under the policies of the Exchange), or New Zealand Exchange Limited has in any way passed upon the merits of the Transaction and associated transactions, and has neither approved nor disapproved of the contents of this press release.
 

New graphic shows why Chatham Rise phosphate is good for NZ

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2 May 2017 

New graphic shows why Chatham Rise phosphate is good for NZ 

Chatham Rock Phosphate today launched an interactive graphic on its website to clearly and simply show the many reasons why its Chatham Rise sourced phosphate will be good for New Zealand.

“We spend a lot of time explaining to people why our product offers so many benefits,” chief executive Chris Castle said today.

“We’ve worked with a graphic artist to translate a basic concept originally developed as a PowerPoint slide into something that is creative and tells the story in an appealing way.

“The graphic on our website allows you to see it all at a glance on one page or you can drill down to get more information simply by clicking on different parts of the illustration.  We’ll also be using the illustration in our investor and stakeholder presentations.

The key themes shown are: 
•    benefits for the environment
•    ethical, secure supply
•    taxes, jobs and knowledge and
•    return on investment.

“Environmental opponents often don’t appreciate that while our project will have an environmental footprint, the flip side is it will offer major benefits for the New Zealand environment because it will reduce run-off into rivers and lakes, offers improved soil health, contains very low levels of cadmium, and has a low carbon footprint.”  

In addition the product will provide an ethical source of a highly strategic resource and reduce New Zealand’s dependence on imported phosphate.  New Zealand currently imports a large amount of high-cadmium phosphate from politically disputed territories in the Middle East.

The project also presents a range of financial and economic benefits – including $33 million a year in taxes and royalties, skilled jobs, building leadership in marine technology and the opportunity to identify conservation priorities.

Rounding out the benefits is building a significant New Zealand company with annual revenues of $250 million – something achieved by only a tiny percentage of companies through developing the $6 billion phosphate resource. 

The link to the graphic and further embedded information can be found here:  
http://www.rockphosphate.co.nz/projectinfographic/

For further information please contact
Chris Castle
+64 21 55 81 85 or chris@crpl.co.nz
 

CRP features on CEO Clips airing on the Documentary Channel

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1 May 2017

Chatham Rock Phosphate features on CEO Clips airing on the Documentary Channel

CEO Clips, a series which profiles the most innovative publicly traded companies in North America, will feature Chatham Rock Phosphate on The Documentary Channel beginning May 15-28, 2017, Monday – Friday between the hours of 6am – 12am.  

Our CEO Clip has been posted on Thomson Reuters Insider Network at http://reut.rs/2oBczTo, where it can be viewed by over 80,000 financial professionals.

In addition it will be posted on these financial portals: BNN.ca Finance, Thomson Reuters Insider Network, Stockhouse, YouTube, as well as on BTV/CEO Clips.

It can also be viewed online via this link: 

http://www.b-tv.com/chatham-rock-phosphate-ceo-clip/ and on the home page of our website at www.rockphosphate.co.nz

 

For additional information contact:

Chris Castle
Chief Executive Officer
Chatham Rock Phosphate Limited
Email: chris@crpl.co.nz
Cell: +64 21 558 185
Skype: phosphateking
www.rockphosphate.co.nz 

 

About The Documentary Channel:

“Documentary is a digital television station devoted to showing the best documentaries from Canada and around the world. With its special emphasis on feature length films, watching Documentary is like having a cinema in your own living room, showing award winning films twenty-four hours a day, seven days a week.”

 

About Chatham Rock Phosphate 

Chatham Rock Phosphate, listed on the TSX.V (ticker NZP), the NZAX (code CRP) and the Frankfurt Stock Exchange (code 3GRE), was granted a mining permit in 2013 to develop New Zealand’s only significant source of environmentally friendly pastoral phosphate fertiliser and is now preparing for a revised environmental consent application.

Our role as custodian of this resource is focused on delivering a secure and sustainable local supply of low-cadmium phosphate that will reduce fertiliser run-off into waterways, produce healthier soils and shrink fertiliser needs over time. 

The resource has an estimated worth of $5 to $7 billion, representing one of New Zealand’s most valuable mineral assets and is of huge strategic significance because phosphate is essential to maintain New Zealand’s high agricultural productivity. Local and international investors have contributed more than $40 million to develop the project’s financial viability, environmental benefits and impacts, technical and logistical requirements, local and international product uses.

We propose to extract up to 1.5 million tonnes of phosphate nodules from the top half metre of sand on identified parts of an 820km2 area on the Chatham Rise, 450km off the east coast of New Zealand, in waters of 400m. Our environmental consenting process has established extraction would have no material impact on fishing yields or profitability, marine mammals or seabirds.
In progressing plans to submit a new application we are working with government officials to seek improvement in the permitting process and iwi, academic, industry and central government input to ensure New Zealand can benefit from an environmentally superior phosphate source. 
We are also seeking to own other sustainable rock phosphate sources, to move from being a single project company and take more control of our destiny.