The funding will be used to develop the Muskowekwan Potash Project, which is being carried out by Encanto and Muskowekwan Resources under a joint venture agreement.
Taylor-Dejongh is set to provide investor funding to Encanto for an initial equity investment of $10m for general working capital requirements under the deal, as well as a subsequent project equity investment of $60m for the completion of project specific activities, including the completion of a bankability feasibility study.
Taylor-DeJongh chief commercial officer Ibrahim Mardam-Bey said: "Encanto's well-devised business plan to develop potash resources on the heels of a significant off take agreement allows Taylor-DeJongh to procure the required financing support for a $10m equity investment targeted to close in May 2017.
"We will in parallel be finalising a project equity facility commitment of $60m later in June."
Encanto Potash president and CEO Stavros Daskos said: "Taylor-DeJongh's extensive track financing record in the mining sector will be a cornerstone in Encanto's next phase of development.
"We are excited to add TDJ to our core team of advisors."
Taylor-DeJongh is an energy and infrastructure investment-banking firm, which provides independent strategic and financial advisory services to a global clientele in the development, structuring, negotiating and financing of major capital investments in mining, energy and infrastructure.