Potash Ridge Reports 2014 Financial Results

Potash Ridge Corp. (TSX:PRK) announced its 2014 annual financial results, which showed a net loss of $1.9 million, or $0.02 per share, compared to a net loss of $4.5 million, or $0.05 per share, in 2013.

The 2014 financial results, as quoted in the press release, are as follows:

• The Corporation had a net loss for the year ended December 31, 2014 of $1.9 million ($0.02 per share) compared with a net loss of $4.5 million ($0.05 per share) for the year ended December 31, 2013.
• A total of $5.4 million was incurred on Blawn Mountain Project (the “Project”) activities in 2014. In 2013, Project spending of $10.8 million was incurred. The spending in 2014 was primarily on permitting, regulatory and commercial development activities of the Project. In 2013, Project spending included a NI 43-101 compliant prefeasibility study, a third phase of drilling and substantial advancement of permitting activities.
• The Corporation ended the year with cash and cash equivalents of $1.0 million and had net working capital of $0.7 million.

Click here to read the full Potash Ridge Corp. (TSX:PRK) press release.