Junior Potash Stock Soars on Offtake Agreement

Encanto Potash Corp. (TSXV: EPO), a junior potash stock, sprouted higher after announcing that it has finalized a 20-year offtake agreement with an India farmers co-op

Sean Mason | January 19, 2017 | SmallCapPower

A deal out of India propelled a junior potash stock Thursday. Here’s some small stocks making big moves on Thursday, January 19, 2017 (as of 4 pm EST):

Junior potash stock Encanto Potash Corp. (TSXV: EPO) surged 50% to $0.135 on Thursday after announcing that it has finalized an offtake agreement with the National Federation of Farmers’ Procurement, Processing and Retailing Cooperatives of India Limited, which provides for the supply of a minimum of five million tonnes per year for a guaranteed period of 20 years for muriate of potash.

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As well, shares of Precipitate Gold Corp. (TSXV: PRG) sank 27% to $0.125 as the gold explorer revealed that drill results for Holes 7 to 11 from the ongoing Ginger Ridge drill program at its 100% owned Juan de Herrera project in the Dominican Republic, “were not as robust as the discovery hole.”

Golden Predator Mining Corp. (TSXV: GPY), meanwhile, reported assay results for the first 13 holes of a total of 54 holes completed in the winter 2016 drill program at the 3 Aces Project in Yukon, which included 7.54 metres of 32.86 g/t gold. Golden Predator Mining stock moved up 24% to $0.94.

Finally, Saint Jean Carbon Inc. (TSXV: SJL) shares climbed 18% to $0.065 after the carbon science company announced it has started the design and build of a graphene based lithium-ion battery.

See more Small and Micro Cap Market Movers Daily from Sean Mason. Tomorrow’s big stock market winners could be found here today!

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