Last C$0.09 CAD
Change Today 0.00 / 0.00%
Volume 83.0K
PRK On Other Exchanges
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As of 2:48 PM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

potash ridge corp (PRK) Snapshot

Open
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Previous Close
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Day High
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Day Low
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52 Week High
03/6/14 - C$0.45
52 Week Low
02/12/15 - C$0.09
Market Cap
7.3M
Average Volume 10 Days
49.9K
EPS TTM
C$-0.03
Shares Outstanding
81.7M
EX-Date
--
P/E TM
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Dividend
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Dividend Yield
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Current Stock Chart for POTASH RIDGE CORP (PRK)

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potash ridge corp (PRK) Details

Potash Ridge Corporation explores, evaluates, develops, and produces mineral properties in the United States. It explores for alunite deposits to produce sulphate of potash, co-product sulphuric acid, and alumina. It principally holds interests in Blawn Mountain project covering an area of approximately 15,403.7 acres of land located in southern Wah Wah Mountains of Beaver County, Utah. The company was incorporated in 2011 and is based in Toronto, Canada.

14 Employees
Last Reported Date: 11/5/14
Founded in 2011

potash ridge corp (PRK) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$315.0K
Chief Financial Officer, Vice President and C...
Total Annual Compensation: C$240.0K
Chief Operating Officer and Vice President of...
Total Annual Compensation: C$240.0K
Vice President and Project Manager
Total Annual Compensation: C$226.6K
Compensation as of Fiscal Year 2013.

potash ridge corp (PRK) Key Developments

Potash Ridge Corporation Announces Board Changes

Potash Ridge Corporation announced that Mr. Phillip Williams, Mr. Rocco Rossi and Mr. Navin Dave have resigned from the Board of Directors. In line with the Corporation's cost reduction initiatives, there is no current intention to replace these directors. In addition, Mr. Robert C. Gross will replace Mr. Rahoul Sharan as Chairman of the Board. Mr. Gross is currently Chair of the Corporation's Governance, Compensation and Nominating Committee and a prominent lawyer and businessman in Utah. Mr. Sharan will continue to serve as a director of the Corporation and has been appointed Chairman of the Audit Committee.

Potash Ridge Corporation Provides Update on the Corporation and its Blawn Mountain Sulphate of Potash Project

Potash Ridge Corporation provided an update on the Corporation and its Blawn Mountain sulphate of potash (SOP) project. Following completion of a National Instrument 43-101 compliant Prefeasibility Study in November 2013, the Corporation focused its efforts during the first half of 2014 on advancing permitting requirements. As a consequence, the Project is now largely permitted, including receipt of water rights in May 2014 and the Large Mine Permit in August 2014. The only major permit remaining is the air permit. Air monitoring data was collected over a one-year period that ended in late-2013 and modeling for the air permit application will continue in parallel with the feasibility study. The corporation completed market studies for the three commodities that are planned to be produced by the Project, namely SOP, sulphuric acid and potentially an alumina-rich material that could be used as a substitute for bauxite in Bayer Plants to produce alumina. These studies confirmed strong fundamental supply/demand dynamics for each of these commodities. A number of non-binding commercial arrangements were announced during 2014. These included an offtake and marketing arrangement with a third party marketer for the Project's sulphuric acid production and a Memorandum of Understanding (MOU) with Tetra Tech to participate in build-own-operate arrangements for various infrastructure assets, which may include (but is not limited to) the water treatment plant and sulphuric acid plant. Under the terms of this MOU, Tetra Tech has the right to undertake the development, operation and financing of these infrastructure assets. Tetra Tech was also engaged to perform the upcoming feasibility study for the Project. On the construction financing side, during 2014, the Corporation initiated discussions with several international banks and an Export Credit Agency that are actively lending into construction of resource projects, and has received preliminary indications of interest. It is the Corporation's desire to engage an advisor on project financing once the feasibility study has commenced. In addition, the Utah Permanent Community Impact Board (CIB) is a Utah state fund that oversees the distribution of a portion of the U.S. federal share of mineral taxes to impacted counties throughout the State of Utah. Recently, CIB has taken formal steps and has proposed rules to set aside portions of the fund to help finance larger regional infrastructure assets.

Potash Ridge Corporation Announces Unaudited Earnings Results for the Third Quarter Ended September 30, 2014

Potash Ridge Corporation announced unaudited earnings results for the third quarter ended September 30, 2014. For the quarter, the company reported net income of $0.3 million or $0.00 per share compared with a net loss of $1.9 million or $0.02 per share a year ago. Results for the quarter included a $1.3 million unrealized foreign exchange gain due to a strengthening of the U.S. dollar.

 

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