Passport Potash Inc. (TSXV:PPI,OTCQX:PPRTF) has abandoned its option agreement with North American Potash Developments, Potash Green, LLC, Wendy Walker Tibbetts and Joseph J. Hansen. According to the option agreement terms, the Company has the right, at any time, to abandon the option with written notice.
Passport Potash Inc. (TSXV:PPI,OTCQX:PPRTF) has closed its previously announced non-brokered private placement offering of 9.5 percent convertible debentures of the Company for gross proceeds in the amount of US$500,000. Proceeds from the offering will be used to develop Passport’s holdings on the east side of the Holbrook Basin.
Passport Potash Inc. (TSXV:PPI) announced a decrease the size of the board to five members. Pursuant to that announcement the company accepted resignations from Dennis Ickes, Jerry Aiken, Laara Shaffer and Bill Allred. Mr. Ickes, Mr. Aiken and Ms. Shaffer will join the company’s advisory board.
Passport Potash Inc. (TSXV:PPI,OTCQX:PPRTF) extended the option to acquire the Twin Buttes Ranch to January 6, 2016 by signing a further amendment to the option agreement with Twin Buttes Ranch LLC.
By Vivien Diniz
As the potash world reels from last week’s shake up, broader scale conversations about how potash producers are going to weather the storm have come to surface. But what about the junior potash market? How will the developments in the current potash market affect future producers?
Passport Potash, Inc. (TSXV:PPI,OTCQX:PPRTF) issues a statement about recent developments in the potash industry, specifically on Russian potash producer OAO Uralkali announcing its exit from the sales organization Belarusian Potash Co., which has had an inordinate negative effect on potash stocks. Passport Potash agrees with a statement made by K+S
Passport Potash Inc. (TSXV:PPI,OTCQX:PPRTF) announced completion of a pre-application meeting with the Air Quality Division of the Arizona Department of Environmental Quality, regarding the air quality control permit for its Holbrook Basin potash project. Necessary components of the application submittal for the Permit were identified.
Passport Potash Inc. (TSXV:PPI,OTCQX:PPRTF) submitted its application to the Arizona State Land Department (ASLD) to convert its mineral exploration permits to mineral leases, and concurrently submitted its Mineral Development Report (MDR).
Passport Potash, Inc.(TSXV:PPI,OTCQX:PPRTF) announced that Michael X. Schlumpberger has been appointed Chief Operating Officer.
Passport Potash Inc. (TSXV:PPI,OTCQX:PPRTF) signed an amendment to the property purchase agreement with the Fitzgerald Trust, whereby closing of purchase is to be on June 30, 2015, with $500,000 to be paid by Dec. 31, 2013, $1 million to be paid by Dec. 31, 2014, and $14 million to be
Passport Potash Inc. (TSXV:PPI,OTCQX:PPRTF) completed the first phase of its drilling program on the Hopi private land that is “checker-boarded” with Passport’s southern landholdings in the Holbrook Basin in Northern Arizona.