10:11 AM EST - Allana Potash Corp. : announced that it has engaged ERCOSPLAN Ingenieurgesellschaft Geotechnik und Bergbau to complete a Preliminary Economic Assessment on Kainitite resources that may be amenable to SOP production on its Danakhil Project in Ethiopia. SOP is commonly used on chloride sensitive crops such as tobacco, fruits and vegetables and vineyards and typically commands a premium price to Muriate of Potash (MOP). The price differential between MOP and SOP is substantial, and has averaged approximately $125-150 U.S./tonne above the MOP price over the past several years. However, recently the differential has increased to over $350 U.S./tonne. Allana Potash Corp.
shares T.AAA are trading unchanged at $0.31.
