Really exciting stuff Considering the reported value of approx $11.5 million dollars
which represents the current value of existing licensing agreements between Gensource and Innovare, what exactly is Innovare, where has their highly sought after patented brine technology for potash development been applied, and who are Innovares principles considered by the industry as global experts in the field?
“Gensource’s acquisition of Innovare’s shares and the integration of Innovare’s business with our own will provide Gensource with exclusive use and control of Innovare’s unique and highly sought-after selective solution mining and brine processing technology for potash development, without which the environmental benefits of modern potash production would be extremely challenging to replicate”, said Mike Ferguson, Gensource’s President & CEO. “The acquisition will place the Company in a strong competitive position in an industry dominated by producing facilities based on conventional 1950s and older technology. With Innovare’s technology integrated into our business, we will have total control over production processes at the Tugaske Project and future projects we anticipate rolling out in Saskatchewan and globally, while also anticipating a reduction in life of mine costs. Gensource looks to the future and continues to lead the way in responsible potash production for a sustainable future. Gensource has had a long standing relationship with Innovare. Its technology is cutting edge and Innovare’s principals are considered by the industry as global experts in the field. This transaction will strengthen Gensource’s differentiated market position as a near term potash producer into a market that continues to see global supply challenges and is in need of a structural change if we are to support the world’s growing agricultural requirement for environmentally sustainable potash.” https://www.worldfertilizer.com/potash/13042022/gensource-to-acquire-innovare-technologies/