Allana Resources (CVE:AAA) announced that they have raised $2,542,149.90 million through the issuance of 18,830,740 units at a price of $0.135 per unit. Each unit also included a full warrant at $0.20.Company reports that proceeds will be used for ongoing exploration of Ethiopian Potash projects.
Click here for the full press release.
Read the full article: "ALLANA CLOSES $2.5 MILLION FINANCING"
Friday, May 29, 2009
New World Resource Corp. declared that it has received a positive technical report on the brine samples from its Pastos Grandes Salar, Bolivia.
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Read the full article: "New World Resource received report on the..."
Friday, May 29, 2009
Athabasca Potash Inc. declared an updated National Instrument 43-101 – Standards of Disclosure for Mineral Projects compliant potash resource estimate for the Burr Project prepared by Lions Gate Geological Consulting Inc.
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Read the full article: "Athabasca Potash updates potash resource..."
Friday, May 29, 2009
The dominance of Canada’s high-powered cartel of three major potash producers may come to an end if a couple of small but well-financed potash exploration upstarts continue their winning ways.
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Read the full article: "Two mining juniors poised to challenge..."
Thursday, May 28, 2009
Potash closed yesterday at $112.87. So far the stock has hit a 52-week low of $47.54 and 52-week high of $241.62. Potash stock has been showing support around 109.27 and resistance in the 119.59 range. Technical indicators for the stock are Bullish and S&P gives POT a weak 2 STAR sell rating.
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Read the full article: "Potash closed at $112.87"
Wednesday, May 27, 2009
Talon Metals Corp., declared that it has concluded an agreement with Kmine Holdings Ltd., a private company, to acquire a 100% interest in Bancor Mineracao Ltda., a Brazilian subsidiary of Kmine. Bancor has eight potash project areas in the Sergipe and Alagoas States of Brazil comprising a total of 36,402 hectares for which it holds [...]
Read the full article: "Talon Metals Corp. acquired potash..."
Wednesday, May 27, 2009
Pinetree Capital Ltd. declared that on May 14, 2009, it acquired ownership of 2,000,000 Class A subordinate voting common shares and 2,000,000 Class A subordinate voting common share purchase warrants of RJK Explorations Ltd.
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Read the full article: "Pinetree Capital announced acquisition of..."
Wednesday, May 27, 2009
Amazon Mining Holding Plc. declared that verdete slate, a potash rich rock from which Amazon plans to produce a slow-release, non-chloride, multi-nutrient, fertilizer product, has been endorsed by Brazilian lawmakers, as Minas Gerais State looks to establish prospective local innovative sources of potash and fertilizer products.
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Read the full article: "Amazon Mining declared development of potash..."
Wednesday, May 27, 2009
Western Potash Corp. declared that it has completed its first potash exploration well on the Milestone property in southern Saskatchewan.
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Read the full article: "Western Potash has completed first well at..."
Tuesday, May 26, 2009
By Leia Michele Toovey-Exclusive to Potash Investing News
As the recession spread across the globe, the value of crops plummeted and equity froze, forcing farmers into delaying applications of much needed fertilizer to their fields. This postponement has set the stage for the potash industry to boom.
Farmers may skip using potash fertilizer for a year [...]
Read the full article: "Recession leaves farmers between a rock and..."
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Friday, May 29, 2009