Verde Potash Completes Landmark Test, Shares Jump 10%
Dec. 01, 2011 02:59PM PST
Potash InvestingFinancial Post reported that shares of Verde Potash (TSXV:NPK) were up on the company’s announcement of successful tests that produced potassium chloride.
Financial Post reported that shares of Verde Potash (TSXV:NPK) were up on the company’s announcement of successful tests that produced potassium chloride.
As quoted in the market news:
The process could be a game changer for the potash industry, noting that Verde said its deposit could produce a whopping six million tonnes of potash a year for more than 20 years. It is potentially a very important project in Brazil, which relies heavily on potash imports. Verde shares jumped 70¢, or 10%, to $7.70 in early trading Thursday.