Transit Changes Name to Reflect Potash Focus

Mining Weekly reported that Transit Holdings (ASX:TRH) will be changing its name to Potash Minerals as a better reflection of its focus on potash mining.

As quoted in the market news:

Transit’s focus is on its Paradox Basin potash project, in Utah, where the company was progressing drilling activities. In October, Transit started work on its second drill hole in the Paradox basin, which was aimed at confirming the results from previous oil well drilling, as well as to determine the extent of the potash mineralisation to the east.

Click here to read the full Mining Weekly report.