Vancouver, British Columbia — January 12, 2026 — Leads & Copy — Buffalo Potash Corporation (TSXV: BUFF) has received two potash test well licenses from the Saskatchewan Ministry of Energy and Resources for its Disley project.
According to a news release, the licenses mark the first step in the project’s Confirmation Phase, during which Buffalo intends to evaluate the resource potential of the Disley Project, located in Saskatchewan’s solution mining potash production region.
Steve Halabura, CEO of Buffalo, said the licenses will allow the company to begin validating the geological and solution mining framework of the property.
Halabura added that this work is foundational to advancing an economic evaluation of the Disley Project in the near term.
Buffalo is advancing a series of operational activities to assess the Disley Project. The Confirmation Phase is designed to inform a preliminary economic assessment of the long-term viability of a selective solution potash mining operation on the property using the Company’s patented Horizontal Line-Drive mining system, subject to the results of ongoing technical work.
Key objectives for the Confirmation Phase include:
- Drilling of Confirmation Well #1
- Drilling of Confirmation Well #2
- Testing and analysis of historical core samples, including the historical pilot
- Completion of additional seismic interpretation
- Evaluation of resource potential and preparation of a NI 43-101 technical report
- Commissioning and completion of a preliminary economic assessment
The Disley Project covers approximately 9,413 hectares and is located approximately 50km northwest of Regina. It is situated adjacent to the K+S Bethune solution potash mine and north of the Mosaic Belle Plaine solution potash mine.
A historical pilot project was conducted in the 1960s by the Lumsden Potash Development Company within what is now Buffalo’s Disley Project. The Historical Pilot successfully demonstrated communication across the potash zone and the ability to extract potash using a two-well cavern system.
Buffalo has incorporated the results and geological data from the Historical Pilot together with 3D seismic interpretation and geochemical modelling to inform management’s preliminary geological interpretation and assessment of the broader Disley Project. Based on this information, management believes the Disley Project exhibits geological conditions present in other successful solution mining projects in the region, subject to further technical validation.
Douglas F. Hambley, a Qualified Person as defined under National Instrument 43-101, has reviewed and approved the scientific and technical information in the news release.
Steve Halabura | Chief Executive Officer & Director
Email: steveh@conceptforge.ca | Phone: 1-306-220-7715
Source: Buffalo Potash Corporation
