Brazil Potash Soars 86% After Hours After Signing $200 Million Deal With Fictor Energia - Brazil Potash (AMEX:GRO)

Brazil Potash Soars 86% After Hours After Signing $200 Million Deal With Fictor Energia - Brazil Potash (AMEX:GRO)

Brazil Potash Corp (NYSE:GRO) surged 86.21% in after-hours trading on Monday. Check out how Brazil Potash stock is trading here What Happened: The company’s stock price jumped to $2.70 after the market closed, up from the day’s closing price of $1.45. This surge followed the announcement of a Memorandum of Understanding (MoU) signed between the Toronto-based fertilizer company and Fictor Energia for a $200 million power line project. The MoU out…

Brazil Potash (GRO.NYSE) up 33% on $200m power line agreement

Brazil Potash (CSE: GRO) just dropped a bomb. And the market lit up like it was 2010 again. The stock surged over 31% today. Why? Because they finally solved the single biggest problem every potash miner in the Amazon basin faces: how the hell do you power a billion-dollar mine in the middle of the jungle? The answer, apparently: you don’t. Somebody else does. Brazil Potash signed a $200 million non-binding memorandum of understanding with a Bra…