#blawn mountain

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Potash Ridge completes an updated Pre-Feasibility Study on Blawn Mountain

Potash Ridge completes an updated Pre-Feasibility Study on Blawn Mountain

Potash Ridge (PRK.TO) has released an updated pre-feasibility study on its Blawn Mountain SOP project. According to the new study, the current reserves of 153 million tonnes will support a 46 year mine life, producing an average of 255,000 tonnes per year during the first ten years of the mine life. The PFS also confirms the low-cost nature of the project, as the SOP is expected to be produced at…

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Potash Ridge arranges up to US$11.8M in funding

Potash Ridge arranges up to US$11.8M in funding

Potash Ridge (PRK.TO) went into trading halt last week before announcing a comprehensive financing package which would allow the company to raise up to US$11.8M in a convertible debenture offering with The Lind Partners, a New York based asset management firm, as sole subscriber. A first tranche of $2.64M will close this week and Lind will have the option to fund an additional $6.2M, which could…

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Potash Ridge has engaged Gateway Credit Partners and Migao

Potash Ridge has engaged Gateway Credit Partners and Migao

Potash Ridge (PRK.TO) doesn’t release a lot of updates, but this doesn’t mean the company isn’t doing anything. It has now announced it has retained Gateway Credit Partners, which will assist the company in securing funding to build the first phase of the Valleyfield SOP project in Québec, Canada. Gateway is an independent financial services corporation focusing on the US corporate credit market,…

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Potash Ridge and SNC Lavalin are cementing their relationship

Potash Ridge and SNC Lavalin are cementing their relationship

Potash Ridge (PRK.TO) has entered into a MOU with SNC-Lavalin (SNC.TO) to work together to develop Potash Ridge’s large Blawn Mountain SOP project in Utah. Potash Ridge is engaging SNC to complete an updated economic study which will focus on the scalability of Blawn Mountain, as it will be easier to finance a small operation, and increase the production rate with the cash flow from the smaller…

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