Universal Potash Acquires Strategic Lease in Historic Potash Basin
27 10월 2010 - 10:15PM
Marketwired
Universal Potash Corporation (the "Company") (PINKSHEETS: UPCO) is
pleased to announce the company has been the successful bidder on
additional Potash Lease Applications for a total of 640 acres of
prospective ground northwest of Moab in the Paradox Basin of Utah.
The leased property is located immediately to the South and
contiguous to the company's current Potash applications pending
approval, covering a total of 29,000 acres. "The two new properties
are immediately west and adjacent to School Sections that have seen
previous drilling for oil/gas and encountered significant
intersections of both Sylvite and Carnallite, with Sylvite (Potash)
values averaging near 20%, but ranging as high 49%," stated Kevin
M. Murphy, CEO.
About Potash Demand
Potash Fertilizer prices have been moving higher lately,
reflecting the demand for the product to increase production to
meet the growing demand and offset the grain shortages in the world
due to climate change and the world's middle class population
growth. Grain Demand has resulted in an 8 fold increase to satisfy
the population's demand for more protein products worldwide. Potash
price increases have sent the share prices of many potash producers
as well as explorers higher in recent months supported by BHP
Billiton's recent $39 Billion hostile takeover bid for Potash
Corporation of Saskatchewan, the world's largest producer.
About Universal Potash Corp.
Universal Potash Corp. is an acquisition driven exploration
stage Potash Mining corporation dedicated to increasing shareholder
value. The Management of Universal Potash's principal focus is the
acquisition of premium leasehold properties and the future
development of these properties and business interest on a global
basis. Management efforts are channeled into building Universal
Potash Corp into an international enterprise and becoming a key
player in meeting the growing challenge of feeding the world.
"Safe Harbor" Statement: Under The Private Securities Litigation Reform Act of
1995: The statements in all press releases that relate to the
company's expectations, with regard to the future impact on the
company's results from new projects in development, are
forward-looking statements. A complete disclosure of our "SAFE
HARBOR "statement is posted on our website at
www.UniversalPotashCorp.com under the heading "NEWS."
CONTACT: Universal Potash Corp. CEO@UniversalPotashCorp.com
Investor Relations Toll Free 1-877-331-8777
Universal Potash (CE) (USOTC:UPCO)
과거 데이터 주식 차트
부터 1월(1) 2025 으로 2월(2) 2025
Universal Potash (CE) (USOTC:UPCO)
과거 데이터 주식 차트
부터 2월(2) 2024 으로 2월(2) 2025
Universal Potash Corp (CE) (OTC 시장)의 실시간 뉴스: 최근 기사 0
More Universal Potash Corp. News Articles