We are a listed public company in a financial partnership with private equity funds to develop natural resources. We own Bureau of Land Management leases in Colorado covering very large deposits of naturally occurring sodium bicarbonate.

Our business is to produce and sell natural sodium bicarbonate, commonly known as baking soda, for use in a wide variety of products and activities and to profitably further utilize our natural resources. Our immediate objective is to be a low cost producer of sodium bicarbonate and related products.

We also own various water rights that allow us to draw up to a maximum of 108,812 acre feet (35.46 million gallons) annually and to store up to 7,980 acre feet of water. We believe that these water rights can generate a future revenue stream and have increasing value, especially as any prospective development of the oil shale resources of the Piceance Creek basin may require very large volumes of water.

Our sodium leases cover deposits of oil shale to which we do not currently have title. Our longer term objective is to utilize our extensive water rights, to gain title to the oil shale resources and to develop plans to recover the oil.

These activities are comprehensively reviewed in our annual reports filed with the Securities and Exchange Commission. See Investors.