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| 10/21/13 |
PGRX Drilling Update: Prospect Global Completes Its Fourth Drilling Campaign
| Updated 43-101 on Target for Year End DENVER--(BUSINESS WIRE)--Oct. 21, 2013-- Prospect Global Resources Inc. (NASDAQ: PGRX) (“Prospect Global” or the “Company”) is pleased to announce the completion of the Company’s fourth drilling program. Photo One: Drilling Site (Photo: Business Wire) The Company completed 17 holes and multiple wedges during the campaign. The drilling was primarily infill drilling with the holes selected to ... |
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| 10/03/13 |
PGRX Permit Update: Q&A Regarding its Newly Granted Air Permit
| DENVER--(BUSINESS WIRE)--Oct. 3, 2013-- Prospect Global Resources Inc. (NASDAQ: PGRX) (“Prospect Global” or the “Company”) previously announced that it has received its Air Quality Control Permit (“Air Permit”) for the construction and operation of a 2.2 million ton per annum underground potash mine and surface processing facilities from the Arizona Department of Environmental Quality (“ADEQ”). The Company comments: What is the sig... |
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| 10/02/13 |
PGRX Receives Air Quality Permit for Construction and Operation of Holbrook Project
| Permit Marks Major Project Milestone Air Quality Permit is a Globally Recognized Mining Permit Required for Construction DENVER--(BUSINESS WIRE)--Oct. 2, 2013-- Prospect Global Resources Inc. (NASDAQ: PGRX) (“Prospect Global” or the “Company”) is pleased to announce that it has received its Air Quality Control Permit (“Air Permit”) for the construction and operation of an underground potash mine and surface processing facilitie... |
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| 09/30/13 |
BlackRock and White House Veterans Join Prospect Global Board of Directors
| Daniel Neumann and Reed Dickens Bring Specialized Capabilities to the Board DENVER--(BUSINESS WIRE)--Sep. 30, 2013-- Prospect Global Resources Inc. (NASDAQ: PGRX) (“Prospect Global” or the “Company”) is pleased to announce the appointments of Daniel Neumann and Reed Dickens to the Board of Directors. Daniel Neumann brings valuable portfolio management expertise. Mr. Neumann has 16 years of experience in finance, the majority of which w... |
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| 09/26/13 |
PGRX Finance Update: Prospect Global Warrant Holders Exercise at $4.05–Raises $3.0 Million
| Capital to continue drilling and Definitive Feasibility Study efforts in Holbrook DENVER--(BUSINESS WIRE)--Sep. 26, 2013-- Prospect Global Resources Inc. (NASDAQ:PGRX) announced today that 737,000 of its outstanding Class B Warrant were exchanged for Class B-1 Warrants and were then exercised at $4.05 per share for one share of common stock and 1.75 Class A Warrants per Class B-1 Warrant exercised. The Class A Warrants are exercisable for one ... |
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| 09/24/13 |
PGRX Permitting Update: Comment Period Related to Arizona Air Quality Control Permit Has Ended
| Company has responded to limited comments DENVER--(BUSINESS WIRE)--Sep. 24, 2013-- Prospect Global Resources Inc. (NASDAQ:PGRX) announced today that the comment period for its application for an Air Quality Control Permit has ended. The public notice period was in effect from August 16, 2013 to September 16, 2013. Regarding Forward-Looking Statements With the exception of historical matters, the matters discussed in this... |
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| 09/19/13 |
Sichuan Chemical Issues $20 Million Strategic Investment Letter of Intent to Prospect Global Resources
| Sichuan looking to expand relationship with PGRX DENVER--(BUSINESS WIRE)--Sep. 19, 2013-- Sichuan Chemical Industry Holding (Group) Co., Ltd. (“Sichuan”) has issued Prospect Global Resources Inc. (“Company” or “Prospect”) a Letter of Intent indicating interest in up to a $20 million strategic investment in Prospect to further the development of the Company’s Holbrook Project. Prospect and Sichuan Chemical entered into a potash supply agreement... |
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| 09/17/13 |
PGRX Phase 4 Drilling Update: 12 Holes Completed
| PGRX has exceeded debt covenant’s drilling requirement DENVER--(BUSINESS WIRE)--Sep. 17, 2013-- Prospect Global Resources Inc. (NASDAQ: PGRX) (“Prospect Global” or the “Company”) is pleased to provide an update on its previously announced in-fill drilling program. The Company has successfully completed 12 drill holes and has three more drill holes at various depths of completion. All of the in-fill drilling holes completed during the c... |
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| 09/04/13 |
PGRX Drilling Update: In-fill Drilling Program Meeting Targets
| DENVER--(BUSINESS WIRE)--Sep. 4, 2013-- Prospect Global Resources Inc. (NASDAQ: PGRX) (“Prospect Global” or the “Company”) is pleased to provide an update on its previously announced in-fill drilling program. As of the date of this announcement, the Company has successfully completed 7 drill holes, three of which were “step-outs” targeted to expand the existing resource base. All four in-fill drilling holes completed during the current cam... |
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| 09/04/13 |
PGRX Announces 50 for 1 Reverse Stock Split
| DENVER--(BUSINESS WIRE)--Sep. 4, 2013-- Prospect Global Resources Inc. (NASDAQ: PGRX) (“Prospect Global” or the “Company”) announces that its board and shareholders have approved a reverse stock split at an exchange ratio of 50 for 1. The number of authorized shares of common stock will not change. The reverse stock split will be effective at the opening of trading on Wednesday, September 4, 2013. The common stock will continue to trade on the Nasdaq ... |
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| 08/07/13 |
PGRX Drilling Update: Prospect Global Resources Announces the Commencement Of Its Fourth Drilling Campaign At Its Holbrook Project
| DENVER--(BUSINESS WIRE)--Aug. 7, 2013-- Prospect Global Resources Inc. (NASDAQ: PGRX) (“Prospect Global” or the “Company”) is pleased to announce the commencement of the Company’s previous announced drilling program. Commencement Of Prospect Global Research (NASDAQ: PGRX) Fourth Drilling Campaign At Its Holbrook Project (Photo: Business Wire) The Company is targeting 16 to 17 holes to be drilled in the campaign. The drilling is primarily ... |
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| 08/01/13 |
PGRX Market Commentary: Recent Pre-Feasibility Study Strengthens Company’s Position
| Low Capital Requirement Positions PGRX Well to Meet Increased Future Demand DENVER--(BUSINESS WIRE)--Aug. 1, 2013-- Prospect Global Resources Inc. (“Company” or “Prospect”) offers its perspective on recent developments related to potash markets. It’s the Company’s view that if the sector produces at full capacity, the likely response will be an increase in global demand from parts of the world that historically could not afford fertilizer. ... |
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| 07/22/13 |
Prospect Global Resources Inc.’s Pre-Feasibility Study Endorsed and Supported by Sichuan Chemical
| China’s Third Largest Chemical and Fertilizer Manufacturer Maintains Enthusiasm about PGRX Holbrook Project DENVER--(BUSINESS WIRE)--Jul. 22, 2013-- Prospect Global Resources Inc. (“Company” or “Prospect”) reports that in response to the recent release of its Pre-Feasibility Study results, Sichuan Chemical Industry Holding (Group) Co., Ltd. ("Sichuan Chemical") has responded with its endorsement and support. Xiaojun Chen, Chairman of S... |
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| 07/16/13 |
Prospect Global Resources’ Pre-Feasibility Study Indicates Strong Economics
| $1.4 Billion NPV 27% After-Tax IRR DENVER--(BUSINESS WIRE)--Jul. 16, 2013-- Damon Barber, President and Chief Executive Officer of Prospect Global Resources Inc. (NASDAQ: PGRX) (“Prospect Global” or the “Company”), is pleased to announce that a team of internationally-respected engineering and consulting firms has completed work on a Pre-Feasibility Study (“PFS”) for the Company’s potash project in the Holbrook Basin of Eastern ... |
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| 07/09/13 |
Prospect Global Schedules Investor and Analyst Day for July 22nd in New York
| Prospect to Release Pre-Feasibility Study Results DENVER--(BUSINESS WIRE)--Jul. 9, 2013-- Prospect Global Resources, Inc. (NASDAQ:PGRX) announced today its Investor/Analyst luncheon will take place on July 22nd, 2013 in New York City. The Company will discuss and review its Pre-Feasibility Study results, which it plans to release prior to July 22nd. When: ... |
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| 06/26/13 |
Prospect Global Completes Senior Debt Amendment
| Pre-Feasibility Study on track for July Delivery DENVER--(BUSINESS WIRE)--Jun. 26, 2013-- Prospect Global Resources Inc. (NASDAQ: PGRX) announced today the amendment of its senior secured debt with the Karlsson Group. Key highlights include: Removal of all interim financing milestones Removal of interim principal payment of $30 million due January 2015; full debt maturity on July 2015 ... |
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| 06/26/13 |
Prospect Global Announces Closing of $5 Million Equity Offering
| Financing Will Support Continued Development of Holbrook Basin Project DENVER--(BUSINESS WIRE)--Jun. 26, 2013-- Prospect Global Resources Inc. (NASDAQ:PGRX) announced today that it has closed its previously announced underwritten public offering of 41,666,700 units at $0.12 per unit. The gross proceeds to the Company from the offering were $5 million. Each unit consists of one share of common stock, one Series A Warrant to purchase one share of commo... |
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| 06/21/13 |
Prospect Global Announces Pricing of $5 Million Equity Offering
| Financing Will Support Continued Development of Holbrook Basin Project DENVER--(BUSINESS WIRE)--Jun. 21, 2013-- Prospect Global Resources Inc. (NASDAQ: PGRX) announced today that it has priced an underwritten public offering of 41,666,700 units at $0.12 per unit. The gross proceeds to the Company from the offering are expected to be $5 million, and the net proceeds are expected to be approximately $3.25 million, after deducting underwriting commissio... |
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| 06/20/13 |
Prospect Global Announces Equity Offering
| Financing Will Support Continued Development of Holbrook Basin Project DENVER--(BUSINESS WIRE)--Jun. 20, 2013-- Prospect Global Resources Inc. (NASDAQ: PGRX) announced today that it intends to conduct an underwritten public offering of units, each consisting of one share of common stock, one series A warrant exercisable into common stock, and one series B warrant exercisable into common stock and additional series A warrants. The offering is subject ... |
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| 06/18/13 |
Prospect Global Resources Announces the Release of a Pre-Feasibility Study in July
| Terminates Rights Offering Receives Senior Debt Extension DENVER--(BUSINESS WIRE)--Jun. 18, 2013-- Prospect Global Resources Inc. (NASDAQ: PGRX) (“Prospect Global” or the “Company”) is pleased to announce today that the Company’s ongoing engineering optimization work and analyses will result in the publication of a Pre-Feasibility Study in July. Prospect Global is terminating its previously announced rights offering whic... |
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| 06/07/13 |
Prospect Global Resources Announces Extension of Rights Offering
| Prospect Global extends rights offering to Monday, June 17, 2013 DENVER--(BUSINESS WIRE)--Jun. 13, 2013-- Prospect Global Resources Inc. (NASDAQ: PGRX) announced today its decision to extend its previously announced rights offering to 5:00 p.m., New York City time, on Monday, June 17, 2013. Stockholders who have not exercised their rights may still do so within the extension period. Those stockholders whose shares are held through a brokerage ... |
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| 05/22/13 |
Prospect Global Launches Rights Offering to All Stockholders
| Financing Will Support Continued Development of Holbrook Basin Project DENVER--(BUSINESS WIRE)--May. 22, 2013-- Prospect Global Resources Inc. (NASDAQ: PGRX) announced today that it had commenced its previously announced rights offering to its stockholders. In the rights offering stockholders as of the record date, May 16, 2013, may purchase their pro rata share of units for $0.22 per unit, each unit consisting of one share of common stock and one-ha... |
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| 05/08/13 |
Prospect Global Raises $5 Million
| Announces Planned Rights Offering to All Shareholders Financing Will Support continued Development of Holbrook Basin Project DENVER--(BUSINESS WIRE)--May. 8, 2013-- Prospect Global Resources Inc. (NASDAQ: PGRX) announced today that on May 2, 2013 it had received a $5 million subordinated loan which meets a required funding milestone required under its senior debt and plans to commence a $12 million rights offering this week in which all ... |
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| 04/16/13 |
Prospect Global Completes Senior Debt Restructuring
| DENVER, April 16, 2013 /PRNewswire/ -- Prospect Global Resources, Inc. (NASDAQ: PGRX) announced today the successful restructuring of its long-term debt with the Karlsson Group ("KG"), advancing its long-term plan to build a potash mine in the Holbrook Basin of Arizona. Key highlights include: Debt maturity extended to July 2015; interim principal payment of $30 million due January 2015 Interim payments to KG decreased to 10% of any capital raised after $10 million of capital raised (p... |
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| 03/13/13 |
Questions and Answers with Damon G. Barber, President and Chief Executive Officer of Prospect Global Resources
| DENVER, March 13, 2013 /PRNewswire/ -- Prospect Global Resources, Inc. (NASDAQ: PGRX), which on March 7, 2013, announced the appointment of Damon G. Barber as President and Chief Executive Officer, today released the following Question and Answer discussion with Mr. Barber: Question: Last Thursday, the Company and Apollo Global Management, LLC (NYSE: APO) mutually terminated the financing agreement that they had announced last November. What happened? Answer: As we have disclosed in our ... |
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| 03/07/13 |
Prospect Global Names Damon G. Barber as President and CEO
| Internationally accomplished mining and finance expert brings substantial depth to the next growth phase Prospect Global and Apollo agree to mutual termination of previously-announced finance agreement DENVER, March 7, 2013 /PRNewswire/ -- Prospect Global Resources, Inc. (NASDAQ: PGRX) today announced the appointment of Damon G. Barber as President and Chief Executive Officer, effective immediately. Mr. Barber, a veteran international mining and finance executi... |
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| 02/25/13 |
Prospect Global Permitting Update: Arizona Department of Environmental Quality Sends Notice of Administrative Completeness
| ADEQ letter marks start of Substantive Review of Company's application for Air Quality Control Permit; decision expected by year-end 2013 DENVER, Feb. 25, 2013 /PRNewswire/ -- Prospect Global Resources, Inc. (NASDAQ: PGRX) today announced that it has received notice from the Arizona Department of Environmental Quality (ADEQ) that its application for an Air Quality Control Permit has been found "administratively complete." The notice, received in a letter dated February 21, 2... |
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| 02/13/13 |
Prospect Global Permitting Update: Company Moves to Secure Key Arizona Permits
| - Company files for state mineral-lease and air-quality permits - Aquifer Protection Permit next in line DENVER, Feb. 13, 2013 /PRNewswire/ -- Prospect Global Resources, Inc. (NASDAQ: PGRX) today announced that it has taken an important step forward in its long-term plan to be first to market with potash from the Holbrook Basin of eastern Arizona, one of the most promising potash fields in the United States. Prospect Global, through its wholly-owned subsidiary American West Potash LLC, ... |
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| 01/08/13 |
Potash Price of $400 per Metric Ton Validates Prospect Global Resources' China Contract
| DENVER, Jan. 8, 2013 /PRNewswire/ -- Prospect Global Resources, Inc. (NASDAQ: PGRX) today stated that recently announced potash pricing of $400 per metric ton for shipments to industrial companies in Asia in the first half of 2013 validates the Company's operating model and the value of the 10-year offtake agreement that it signed last fall with a major Chinese buyer. In its Preliminary Economic Assessment of December, 2011, Prospect Global projected operating expenses of approximately $9... |
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| 01/08/13 |
Prospect Global Resources Schedules Analyst and Investor Day for February 5 in New York City
| DENVER, Jan. 8, 2013 /PRNewswire/ -- Prospect Global Resources, Inc. (NASDAQ: PGRX) today announced that it will host an analyst and investor day on Tuesday, February 5, 2013, in New York City. The meeting, to be held at 12:30 p.m. at the St. Regis Hotel, 2 East 55th Street, will be open to the public, including research analysts, institutional and retail investors, and members of the media. Speaking on behalf of Prospect Global will be Chief Executive Officer and President ... |
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