The Conversation (0)
Potash Ridge (TSX:PRK,OTCQX:POTRF) reported first quarter results and provided an update on its Blawn Mountain Project. Highlights include completion of the prefeasibility study anticipated for the end of the second quarter 2013, listing on the OTCQX International in April, and the grant of the unconditional right to convert its Exploration Lease on the Project into a Mining Lease by the State of Utah School and Institutional Trust Land Administration.
As quoted in the press release:
The Corporation closed the first quarter of 2013 with cash and short-term investments of $18.6 million.
Key Updates
- The various aspects of developing the Project remain on track.
- Completion of the prefeasibility study is still anticipated for the end of the second quarter 2013.
- Pilot plant scale testing is planned to start by mid-May.
- A number of permitting milestones are expected throughout 2013, the most significant of which will be the filing of the large mining permit application, anticipated by the end of 2013.
Click here to read the Potash Ridge (TSX:PRK,OTCQX:POTRF) press release
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