Buffalo Potash Corporation reports company developments centered on the Disley Potash Project in Saskatchewan. News items cover drilling and assay results, potash mineralization in sylvinite seams, NI 43-101 technical work, the maiden Mineral Resource Estimate and the Preliminary Economic Assessment for the company's 100%-owned project.
Recurring updates also address public-market status and governance matters, including OTCQB trading under BLPTF, TSX Venture Exchange trading under BUFF and board appointments. The company's news flow reflects a development-stage potash issuer advancing technical, geological and corporate work around a single flagship project.
Buffalo Potash (BLPTF) reported Disley drilling results, with its Source Well intersecting 20.5m of net sylvinite grading 39.4% potassium chloride.
The Belle Plaine interval hosting the Initial Production Module's (IPM) first solution mining plane measured 5.5m at 36.9% potassium chloride. The Disposal Well intersected 16.2m grading 32.6%. Both operational wells supplied assay data at no incremental drilling cost. All five IPM wells are drilled, with completions and equipping underway before brine circulation. Buffalo says development remains on budget and on schedule, targeting first production in Q1 2027.
Buffalo intends to update its mineral resource estimate and preliminary economic assessment using the new data, then use geological and future IPM operating data for expansion feasibility studies. A proposed Canadian tax deduction could be reflected in the updated assessment but has not been enacted.
Buffalo Potash (BLPTF) announced completion of the fifth and final well at its Disley Initial Production Module on September 25, 2026.
The drilling program installed two vertical wells and three 565-m horizontal wells for the planned Horizontal Line-Drive solution-mining system. Each horizontal well contacted approximately 95% of the target clay seam and has an 11-stage packer system. The vertical wells provide a source of brine and disposal capacity; core samples from both are undergoing assay analysis.
Buffalo plans to equip and clean the wells and check packer communication before brine circulation. The module is designed to produce 125,000 tonnes of potash annually, and the company targets first production in Q1 2027. Its production decision is not based on a feasibility study supported by mineral reserves. No mineral reserves have been established at Disley, and production is not guaranteed.
Buffalo Potash (BLPTF) received a ministerial determination from Saskatchewan’s Ministry of Environment that the Initial Production Module (IPM) at its Disley Project is not a “development” under section 2(d) of the Environmental Assessment Act and therefore does not require an Environmental Impact Assessment.
The ministry found the project meets none of the six EIA trigger criteria, provided it is carried out as described and work begins within two years, and it remains subject to other regulatory requirements. The IPM is designed to produce 125,000 tonnes per annum of soluble-grade potash, targeting first production in Q1 2027. It is the first of three planned solution mining facilities that, together, are expected in the PEA to support up to 1,125,000 TPA of potash, with an estimated after-tax NPV of US$1.1 billion and IRR of 30%, and an approximate 12‑month payback period for the IPM from start of production, although there is no guarantee these outcomes will be achieved.
Buffalo Potash (BLPTF) has completed its second horizontal well and spudded the third at the Disley Initial Production Module (IPM) in Saskatchewan. The 4D15-10 producer well, a 565‑m lateral, reportedly contacted approximately 95% of the target basal Belle Plaine clay seam and was finished ahead of schedule and under budget, following a similar outcome on the first horizontal producer well. An 11‑stage packer system has been installed on Producer Well 2 to collect KCl‑rich brine and control flow across the mining plane, and drilling has commenced on the 1D15-10 injector well that will introduce NaCl brine into the system.
The IPM is designed to produce 125,000 tonnes of potash per year, with first production targeted for Q1 2027, as part of a phased build‑out that could reach up to 1,125,000 TPA across three facilities. A preliminary economic assessment for the full Disley Project outlines an after‑tax NPV of about US$1.1 billion at an 8% discount rate and a 30% IRR, and estimates an approximately 12‑month payback from start of IPM production. The company cautions that these figures are from a preliminary study based on mineral resources, not reserves, and that advancing to production without a feasibility study carries higher technical and economic risk.
Buffalo Potash (OTCQB: BLPTF, TSXV: BUFF, FSE: VU5) will present at the ArcStone Kingswood Growth Summit 2026 on September 16, 2026, in Toronto, where CEO Steve Halabura will outline recent milestones, the Disley Project strategy, and the advancement of its patented Horizontal Line-Drive solution mining technology at the initial production module.
Buffalo also announced its common shares are now DTC eligible, facilitating electronic clearing and potentially improving U.S. trading liquidity, following its recent OTCQB listing. In addition, the company entered a four‑month C$150,000 investor awareness agreement with Simply Wall St, running from September 1 to December 31, 2026, paid in four equal monthly installments.
Buffalo Potash (OTCQB: BLPTF) reported that it has begun Phase 2 Horizontal Line-Drive drilling at the Disley Initial Production Module in Saskatchewan, completing the first of three planned horizontal wells (Producer Well 1), installing an 11-stage packer system and achieving contact with approximately 95% of the target clay seam.
The company has also spudded the second horizontal well (Producer Well 2), which will be followed by an injector well to establish the solution mining plane. The IPM is designed to produce 125,000 TPA of soluble-grade potash starting as targeted in Q1 2027 and is the first of three planned facilities. According to Buffalo, the broader Disley Project, as outlined in its May 2026 PEA, contemplates up to 1,125,000 TPA of potash, with a standalone IPM payback period estimated at about 12 months from production and an after-tax NPV of US$1.1 billion and IRR of 30%, while noting that no mineral reserves have been established and there is no guarantee production will be achieved.
Buffalo Potash (OTCQB: BLPTF) reported completion of its second vertical well (2-14) at the Disley Initial Production Module, including coring approximately 108m of potash beds with 100% recovery, casing to the Cambrian Deadwood Formation, and preparing the well as a disposal well for surplus brine.
Together with the earlier 15-10 source well, this finishes Phase 1 (source and disposal wells) of the five‑phase IPM development plan ahead of schedule and under budget. Buffalo Potash has spudded the first horizontal well, 5D15-10, on August 13, 2026, marking the start of Phase 2 Horizontal Line-Drive drilling toward a planned 550m horizontal leg. The IPM is designed for 125,000 TPA potash with targeted first production in Q1 2027 and is part of a broader Disley Project build‑out contemplated in a PEA at up to 1,125,000 TPA. The company also granted 2,750,000 stock options at an exercise price of $0.80 under its equity incentive plan.
Buffalo Potash (OTCQB: BLPTF) reported completion of its first Initial Production Module well, 15-10, at the Disley potash project ahead of schedule and under budget, achieving 100% core recovery over more than 108 m and completing open-hole logging before casing the well for potential future use as a brackish-water source.
The drilling rig has been moved 1,600 m east and the second well, 2-14, was spudded on July 27, 2026; it is planned to be cored, logged and then extended to the Deadwood Formation to serve as a disposal well for excess brine. The IPM is designed for 125,000 TPA of potash with targeted first production in Q1 2027, as part of a phased plan that could reach up to 1,125,000 TPA across three facilities, for which a PEA outlines an after-tax NPV of US$1.1B and IRR of 30%, subject to significant technical and economic risks and without established mineral reserves.
Buffalo Potash (OTCQB: BLPTF, TSXV: BUFF) has commenced drilling at its Initial Production Module (IPM) at the Disley potash project in Saskatchewan. The first vertical well (15-10) was spudded on July 16, 2026, with drilling advancing toward the Prairie Evaporite Formation, and site construction completed for the second vertical well (2-14).
According to Buffalo, both wells will be cored, logged and then converted into the IPM brine source and disposal wells. The IPM is designed for 125,000 TPA of soluble-grade potash, targeting first production in Q1 2027. A preliminary economic assessment for the full Disley build-out (IPM plus Disley East and West, up to 1,125,000 TPA) estimates an after-tax NPV of US$1.1 billion, IRR of 30%, and an approximate 12‑month payback from IPM start-up. The company cautions the IPM production decision is not based on a feasibility study and no mineral reserves have been established, implying higher economic and technical risk.
Buffalo Potash (OTCQB: BLPTF) announced that it has completed site preparation, secured all required well licenses and is mobilizing a drilling rig for its Initial Production Module (IPM) at the Disley potash project in Saskatchewan. The first phase includes drilling two vertical wells that are expected to become a brine Source Well and Disposal Well and to provide core and log data for the concurrent feasibility study.
The IPM is designed to produce 125,000 tonnes per annum of soluble-grade potash and is the first of three solution mining facilities. According to Buffalo, the PEA for the full Disley Project contemplates up to 1,125,000 TPA of potash, an after-tax NPV of US$1.1 billion at 8% and a 30% IRR, and a standalone IPM payback of about 12 months from start of production, though production is not guaranteed and the production decision is not based on a feasibility study.