Plateau Energy Metals Inc. announced that it has entered into a non-binding Memorandum of Understanding with Swiss-based Ameropa AG for cooperation on the potential production, marketing and future offtake of potassium sulphate (“SOP”) from the Falchani Project in Peru. Ameropa is one of the world’s fertilizer trading companies, with over 12 million tonnes traded and operations in 31 countries in over 100 locations. An initial phase of testwork to evaluate the potential for by-products from the Falchani lithium extraction process commenced in October 2019 with ANSTO Minerals. As reported in the July 18, 2019 news release, tank leaching recovered potassium (K), Caesium (Cs) and Rubidium (Rb) into sulphate solution. The three potential by-products under current test work include: Sulphate of Potassium (SOP), and Caesium and Rubidium chemical products. Results of the testwork are expected shortly. A Peru and South America SOP market study is currently underway. Working with the Ministry of Agriculture and various specialty crop associations in Peru, the Company believes initial data demonstrates there is an existing compelling market dynamic for a potential domestic SOP source. The Company will share the results of the internal market study in due course. The Falchani project is located close to the Interoceanica Highway, a road network that connects three Pacific ports in Southern Peru and the major agricultural regions of Brazil and its Atlantic ports. Access to the ports and agricultural regions through this road network offers low cost transport options for getting products to and from the Falchani project.