Avalon gets $2.5 million from Sibelco to advance non-JV projects
The companies are partners on the Separation Rapids lithium project in Kenora, Ontario, which is currently in the drilling stage.
If you’re looking to make money in the short term, potash companies are an investment to avoid due to a low commodity price, demand and an outstanding international contract, according to a Saskatoon-based investment advisor.
“With the oversupply in the market, there tends to be … pressure on prices,” said Sean Meshke, an advisor with Prairie Wealth Management in Saskatoon.
“Until that supply really drops off, you’re not going to see the increase in potash prices come back.”
