UPCO:PINKS 0.08 ▼0.0300 (-27.27%)
PINK:UPCO

UPCO:PINKS

Company ID [PINK:UPCO] Last trade:0.08 Trade time:3:53PM EDT Value change:▼0.0300 (-27.27%)
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Universal Potash - UPCO.OB

We are a natural resource exploration and development company engaged in the exploration and development of properties that may contain minerals in the United States. The Company is following a business plan that calls for Company representatives to research, negotiate and obtain highly prospective uranium or potash properties, following which the Company intends to enter into Joint Venture agreements to see the properties developed at a minimal cash cost to the Company.

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What is Potash?

Potash bearing rock deposits occur in many regions of the world. They are derived from the minerals in ancient seas that dried up millions of years ago. Fertilizer potash is mostly derived from these potash rocks. It requires only separation from the salt and other minerals. There are no known substitutes for potash.

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Paradox Basin

a massive Salt Anticline covering a large area of eastern Utah and western Colorado, contains as much as 2.0 billion tons of Potash in reports from the US Geological Society.  Production to date has almost entirely come from the Cane Creek Mine complex operated by Intrepid Potash, Inc., located 5 miles west of Moab, Utah, which has been in production since the mid 1960’s. Current production from the mine is in excess of 100,000 tons of Potash per year.

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Exploration

We are pleased to announce the filing of certain Potash applications within the State of Utah. The applications cover a total of 29,000 acres near Moab, Utah.  Included in this is an Exploration Permit application covering a total of 3,880 acres (over 6 sections) of prospective ground northwest of Moab, and Potash Lease Applications for a total of 7,360 acres (11 ½ sections) of School Sections and a total of 17,760 acres (27 ¾ sections) of ground within the Known Potash Leasing Areas (“KPLA’s”) within 3 miles of Intrepids’ Cane Creek operations.

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Universal Potash Sees Demand Increasing As Prices Approach $500 Per Metric Tonne

 

Fox Island, Washington 03/24/11 -- Universal Potash Corporation (the "Company") (PINKSHEETS: UPCO) announced the immediate demand for potash is remaining high and the markest for the product we are developing, remain firm during the current worldwide strife. In relation to the longer-term, potential impact of the Japanesse earthquake on potash prices, Patricia Mohr, Vice President at Scotiabank was quoted in Potash Investing News commenting that, “Japan is not one of Canada’s larger potash markets. Grain prices remain high, therefore there are still lots of incentive to apply potash, and other fertilizers.” Mohr added that right now, the potash market is getting the majority of its support from the high US demand for corn, a fertilizer intensive crop, which is being grown for ethanol. In addition, another fertilizer-intensive crop, sugar cane, is at a record high.

"Acquire, Explore, Discover and Produce Potash is UPCO's simple road to success for our shareholders. There is no substitute for Potash and the benefits it brings to feeding the growing worlds population. Regional calamities and world stife won't diminish the demand for our future products as food will always be in demand," stated Universal Potash CEO,Kevin M Murphy.

About Universal Potash Corp: Universal Potash Corp. is an acquisition driven exploration company, dedicated to increasing shareholder value. The Management of Universal Potash’s principal focus is the acquisition of premium leaseholds and the future development of these properties and business interests on a global basis. Management efforts are channeled into building Universal Potash Corp. into an international enterprise and 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.UniversalPotash.com under the heading “NEWS.”


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