11 Best Potash Stocks to Buy According to Hedge Funds

4. Rio Tinto Group (NYSE:RIO)

Number of Hedge Fund Holders: 30

Rio Tinto Group (NYSE:RIO) is a global mining leader with a diverse portfolio of projects spanning 18 countries and eight commodities. Rio Tinto Group (NYSE:RIO) has a significant stake in the potash mining industry in Saskatchewan, Canada, through its joint venture company with North Atlantic Potash Inc., a subsidiary of Acron Group. This joint venture company known as CanPacific Potash Inc., is represented by Rio Tinto Potash Management Inc.

CanPacific Potash Inc. holds nine mining leases and one exploration permit for a large mining property covering approximately 1,960 km2 in Saskatchewan, Canada. The area is rich in potash deposits and is considered a long-term investment in the potash resource base. The mining property is divided into two promising clusters, including the Albany project, which comprises six parcels located in the southern part of Saskatchewan, and the Foam Lake project, which consists of four parcels in the northern part of the exploration and mining area in the province.

The Albany project spans an impressive 1,350 square km and boasts an enormous reserve of 793.4 million tonnes of potassium chloride (KCl), with 77.6 million tonnes classified as proven and 715.9 million tonnes as probable, as confirmed by the NI 43-101 report. This vast reserve is sufficient to sustain a steady mining operation for over 200 years, with a potential annual production rate of 3.25 million tonnes. The unique combination of reserve volume, KCl concentration, formation temperature, and strategic location makes the Albany project one of the most promising solution mining opportunities globally, offering a highly attractive and long-term prospect for potash extraction.