Polaris Moves Ahead with Port of Long Beach Terminal Development

Polaris Minerals Corporation reported financial results for the quarter ended March 31, 2014.

The net loss attributable to shareholders was $1.5 million ($0.02 loss per share) in the quarter a reduction of 19% compared with the net loss of $1.9 million ($0.03 loss per share) in the comparative quarter last year.

Herb Wilson, President and CEO, said: “April set a new sales record, some 23% higher than any previous month, and this level of activity is expected to continue throughout the second quarter. We are moving ahead with the development of the terminal in the Port of Long Beach, California, where a recovery in this major market is underway. Maintenance dredging of the ship berth has been completed and submitted construction plans await City approval.”

[mappress]

Press Release, May 9, 2014