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Gensource Potash Corp V.GSP

Alternate Symbol(s):  AGCCF

Gensource Potash Corporation is a Canada-based fertilizer development company. The Company is focused on developing resource opportunities with a specific focus on potash development. The Company operates under a business plan that has two key components: vertical integration with the market to ensure that all production capacity built is directed, and pre-sold, to a specific market, eliminating market-side risk; and technical innovation, which allows for a modular and economic potash production facility, which demonstrates environmental leadership within the industry, producing no salt tailings, therefore eliminating decommissioning. Its projects include Tugaske Project, Vanguard Area and Lazlo Area. The Vanguard Area is 100% owned in central Saskatchewan, located 170 kilometers (km) South of Saskatoon, 150 km North-West of Regina on a provincial highway system. The Lazlo Area is located in central Saskatchewan.


TSXV:GSP - Post by User

Comment by bobbythebakeron Jul 05, 2022 7:14am
212 Views
Post# 34801076

RE:Today's Gensource Tweet

RE:Today's Gensource TweetMy favorite three quotes:

There's been an enormous increase in interest in our model.  We have interest coming in from all parts of the world to try to create their own supply chains.  So now all of a sudden with the Russia situation, the whole world can see the structural problems in the supply side of the Potash industry, and people are starting to react.  So we're fielding those discussions at the same time around a second project, a third project, a fourth project to start adding modules and adding these diversifying supply chains to the industry.
 
When we can show new production, new tons into the marketplace, within 2 years, and very shortly thereafter additional modules coming on stream, that adds that needed new supply as quickly as it can possibly be done.  There's really no other faster way to bring tons to the market.
 
Going forward, we will complete our Tugaske financing and launch that project into full execution mode.  And it's our hope that at the same time, we will also be in a position to formally discussion a Project Two in a different jurisdiction, so that we can start the process towards this modular approach, to add production that will be focussed towards a new market.  Of course, Tugaske is, through our partner HELM, market its product into the United States, and Project Two will have a different market, but we hope to before the end of the year, be able to formally discuss what that project is and show our shareholders that this modular approach does generate additional projects and additional tonnage.  It's good for Gensource, it's good for the Potash indusrtry and it's good for the world....to diversify the supply base and add new tons to the market.
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