This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Athabasca Potash loses $9.22-million in Q3 2009-11-13 09:51 ET - News Release Mr. Kevan Bender reports ATHABASCA POTASH INC. ANNOUNCES THIRD QUARTER RESULTS Athabasca Potash Inc. has filed the results of API's operations for the nine months ended Sept. 30, 2009, all of which will be available at SEDAR or the company's website. Highlights for the third quarter include: - Burr project environmental impact statement documents were received by the Saskatchewan Ministry of Environment for review.
- New board of directors elected consisting of Arnold Hilliar, Robert Cross, Brian Goodwin, Charles Ye, Kenneth MacNeill, Dawn Zhou and Bradley Fettis. Mr. MacNeill was appointed lead director and Mr. Zhou as executive chairman.
- Expenditures on mineral properties totalled $1,931,190.
- Cash and cash equivalents of $18,526,562 at Sept. 30, 2009.
- Issued and outstanding shares of 37,646,196 at Sept. 30, 2009.
During the third quarter of 2009, API continued to focus on the environmental impact statement (EIS) and the prefeasibility study (PFS) for its 100-per-cent-owned Burr project. Environmental baseline studies were initiated in early 2008 and a tailings management siting study were carried out during 2008 to support the completion of the EIS. The EIS was completed by API and received by the Saskatchewan Ministry of Environment for review on Aug. 5, 2009. The company continues to work on completing a 2.0-million-tonne-per-year prefeasibility study report for a low operating cost conventional potash mine. During this period, the company has opted to also complete an order of magnitude evaluation on the Burr project at 3.0 million tonnes and 4.0 million tonnes of product per year. The remainder is available to Stockwatch subscribers.
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