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UPDATE: Allana Potash Files Application for Mining License; Shares Now Up 1%

Allana Potash Corp. (AAA.TO) has filed its complete feasibility study with the Ministry of Mines in Ethiopia as the final condition for the application of a Mining License. In addition, the Environmental, Social and Health Impact Assessment report, which forms part of the Mining License application, is in the final approval stages and a decision is expected by the end of April.

Exploration drilling has been resumed on the Nova license targeting resource expansion in both the western and southern blocks.

AAA now up more than 1% to 37 cents, slightly above 52-week low 35 cents.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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