Universal Potash Corp to Aggressively Expand Strategic Holdings
November 03 2010 - 11:22AM
Marketwired
Universal Potash Corporation (the "Company") (PINKSHEETS: UPCO), is
pleased to announce its short term Growth Plans include development
of its newly acquired Lease Applications northwest of Moab in the
Paradox Basin of Utah and the aggressive acquisition of additional
strategic holdings. "The financial markets are showing significant
support for Potash development projects and producers. UBS
Securities was the most recent investment firm to state its opinion
on the potash market and potash shares. Universal Potash current
share price levels offer a significant risk/reward ratio in this
current investment environment," stated Kevin M. Murphy, CEO of
Universal Potash Corp.
The Swiss investment firm, UBS, stated its potash market opinion
and, in its opinion, upgraded the shares of major producer
PotashCorp from neutral to buy, citing strong market fundamentals.
Analyst Brian MacArthur believes prices could improve further,
"especially if China emerges as a substantial importer," or if
demand for corn increases among ethanol producers, according to a
research report by the analyst in June of this year. Additionally,
BHP Billiton Ltd., the world's biggest mining company, said it
expects potash prices will be high enough to allow for development
of new mines.
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 Shareholder
value as we are 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.UniversalPotash.com under the heading "NEWS."
Contact: Kevin M. Murphy CEO CEO@UniversalPotash.com Investor
Relations Toll Free 1-877-331-8777
Universal Potash (CE) (USOTC:UPCO)
Historical Stock Chart
From Jul 2024 to Aug 2024
Universal Potash (CE) (USOTC:UPCO)
Historical Stock Chart
From Aug 2023 to Aug 2024