Potash Company News Directory

Strata Minerals Withdraws from Cardabia JV

Strata Minerals Inc. (TSXV:SMP) announced withdrawal from the Cardabia Joint Venture Phosphate Project in Western Australia. Strata also announced the completion of a debt for equity swap at an agreed price of $0.10 per share.

GB Minerals Receives Advances Totaling $750,000

GB Minerals (TSXV:GB) announced that it has received advances from Aterra Investments and Alpha Infrastructure for a combined total of $750,000. According to the company, it intends to repay the advances through other financings and will use the proceeds of the advances for expenses and development of the Farim phosphate mineral property.

Potash Ridge Independent Economic Impact Analysis: GRP excess of US$1.1 billion per annum, 7,300 jobs During Construction

Potash Ridge Corporation (TSX:PRK,OTCQX:POTRF) announced results from an independent economic impact analysis for its Blawn Mountain Project in Utah. According to the report, the construction phase alone of the Project will generate approximately 7,300 jobs in Utah and the total Gross Regional Product will exceed US$1.1 billion per annum. During the operations stage, the subsequent mine and plant operations will generate on average 3,100 jobs during its 40-year mine life, and GRP is expected at $375 million per annum, with US$230 million to be generated in the local economy.

Arianne Phosphate Releases Third Quarter Results, Sees Addition of Inferred Resources

Arianne Phosphate (TSXV:DAN,OTCBB:DRRSF) released its third quarter results on Thursday, highlighting the addition of 146 million tons of inferred resource at 5.3 percent potash in the TraMan Zone and 17 million tons at 5.98 percent potash in the Traverse Zone. The company closed a tranche of an $8 million private placement but also announced a loss of $1.26 million as it is still a development stage company.

Strata Minerals Expands Land Position in Utah

Strata Minerals Inc. (TSXV:SMP), through JV partner Utah Mineral Resources, has acquired an area of private surface and mineral rights and filed additional Phosphate Prospecting Permit Applications contiguous with existing Diamond Mountain Project Federal PPPA areas in North Eastern Utah.