On the bright sideIt is very promising that Gsp execs are looking at directing a portion of the P.P. proceeds to complete well pad leasing and drilling planning.
The fan type cavern technique that Gensource is planning will take some time to drill, so its good to see they are contemplating those preparations.
The sooner drills start spinning, the better, and with both Western and Beechy already circulating brine, and Buffalo Potash targetting the spring of 2024 to get going, Gsp will be right in the mix if they can get their ducks lined up to start drilling later this winter.
Leaching a test cavern by spring would be ideal, as more down hole information should be available from peers, but time will tell
"The company intends to use the net proceeds from the sale of the units to advance the Tugaske project, specifically to continue with detailed engineering and procurement activities, complete well pad leasing and drilling planning, .......