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Potash Ridge Corporation (TSX:PRK,OTCQX:POTRF) provided an update on its Blawn Mountain Sulphate of Potash Project. Highlights included the initiation of discussions with several independant engineering firms regarding a feasibility study for the project and the obtaining of proposals from metallurgical test firms to carry out required metallurgical test work for the study. The company also released its financial results for the first quarter of 2014.
As quoted in the press release:
A total of $2.6 million was incurred on Blawn Mountain Project (the “Project”) activities in the first quarter compared with $3.6 million on project activities for the first quarter of 2013. The Corporation closed the first quarter of 2014 with cash and cash equivalents of $5.5 million and had accounts payable and accrued liabilities of $0.9 million.
Click here to read the Potash Ridge Corporation (TSX:PRK) press release
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