Potash Ridge Corporation (TSX:PRK,OTCQX:POTRF) adopted an advance notice by-law, which requires advance notice to the Company in circumstances where director nominations are made by shareholders. Potash Ridge also released its third quarter financial results. Highlights include the Company closing the third quarter of 2013 with cash and cash equivalents of $10.5 million.
Potash Company News Directory
Reuters reported that in the third quarter of this year, Mosaic Co. (NYSE:MOS) recorded net earnings of $124 million, or 29 cents per share, down 70 percent from the $417 million, or 98 cents per share, it brought in during the year-ago period. Shares of the company fell 1 percent, to $46.24, in late-morning New York trade.
Reuters reported that shares of Intrepid Potash Inc. (NYSE:IPI) rose 11 percent yesterday following the news that Koch Industries Inc. has increased its stake in the company.
Karnalyte Resources Inc. (TSX:KRN), whose market price has recently decreased and whose shares are seeing decreased trading activity, said today that it is not aware of "any material undisclosed information" that might be causing those issues.
Potash West NL (ASX:PWN) released its quarterly activities report and highlights include a robust Scoping Study released for Dandaragan Trough and a significant increase announced for the phosphate JORC Indicated Resource at Dinner Hill.
Gensource Potash Corp. (TSXV:GSP) announced that it has terminated a binding term sheet with Canada Potash Corp. as a result of "technical challenges, difficult market conditions and a desire by Gensource to resume trading as soon as possible." The agreement had contemplated a reverse takeover.
EPM Mining Ventures Inc.'s (TSXV:EPK,OTCQX:EPKMF) PFS forecasts average annual SOP production of 300,000 metric tonnes (t) with an estimated Net Present Value ("NPV") of $629 million (after tax, inflated, 8% discount rate) and an estimated Internal Rate of Return ("IRR") of 20% (after tax, inflated).
Arianne Phosphate Inc. (TSXV:DAN,FWB:JE9N,OTCBB:DRRSF) released results of the feasibility study for its Lac à Paul Phosphate Rock Project in Quebec, Canada.
Arianne Phosphate Inc. (TSXV:DAN,FWB:JE9N,OTCBB:DRRSF) is set to release the results of its Feasibility Study on the Lac à Paul project on Thursday, October 24, 2013 after the close of financial markets.