Canada’s Infracon Construction Inc. has acquired a numbered company 2333382 Ontario, comprising a processing plant at Matheson, Ontario, and a shuttered open-pit phosphate mine located in Kapuskasing, Ontario.

Formerly owned by Agrium, the mine was closed in 2013 having supplied phosphate rock to Agrium’s Redwater facility in Alberta.

Infracon has formed a spin-out company KAP Minerals. “KAP Minerals plans to deploy substantial capital to bring this asset back into production, providing economic opportunities to the region by facilitating training and creating jobs,” said the company statement.

“The deposit is known for its high-quality Phosphate rock with ultra-low Cadmium levels. Globally, only 5% of the phosphate rock reserves consist of low-cadmium igneous rocks. The KAP site also has a significant Rare Earth deposit in the existing tailings that are also in strong demand as critical minerals for the North American and global markets.”

The KAP Minerals website says the carbonatite-phosphate complex holds 50 million MT of high-grade phosphate with ultra-low cadmium. “Our carbonatite, rich in magnesium and silica, holds potential for use in agriculture, renewable energy technologies and mine restoration efforts,” the website says.

The parent company Infracon is a specialist in mine site development, tailing dams, quarrying, crushing, and ditching through its subsidiary Minex.

Geoff Hampson, CEO of Infracon Construction, Inc. will act as the CEO of KAP Minerals, Inc.

Jeff Ivan of Okotoks, Alberta, was announced as President and COO of the company in the acquisition statement. “Jeff Ivan is an accomplished professional in the Agri-minerals business with 35 years of experience and brings a unique talent to the company, having conducted business in various international markets.”

Further reading:
In New AG International’s November 2020 issue, Jeff Ivan spoke about his role as CEO of Canadian ag-tech company Soilgenic Nutrients Inc. Here.