Gensource Potash Corp V.GSP

Alternate Symbol(s): AGCCF

Chemicals Chemicals

Gensource Potash Corporation is a fertilizer development company. The Company is focused on developing resource opportunities with a specific focus on potash development. Its projects include the Tugaske Project, Lazlo Area, and Vanguard Area Project. The Tugaske Project is the Company’s advanced potash project. It has completed a full, bankable feasibility study and a follow-on front-end engineering and design study (FEED). The Lazlo Area is located in central Saskatchewan along an infrastructure corridor between the major population centers of Saskatoon and Regina. The Area is located over a thick and rich region of the Prairie Evaporite formation known locally as the Davidson Sub-basin. The Vanguard Area is located in central Saskatchewan and comprises two mineral leases, KL244 and KL245, and Potash Permit, SMP200. SMP200, which abuts existing Company leases, is about 7,180 hectares and represents a direct addition to mineral leases KL244 and KL245 in the Company’s Vanguard Area.

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Gensource Potash Corp > Looking to Invest Here

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Comment by oldsalt72on Aug 09, 2022 1:48am

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RE:RE:RE:RE:RE:Looking to Invest Here

I am guessing that cost escalations are a new concern. The innovarre approach is extremely expensive with cogeneration, and a plan to use spent steam for refrigertion (recently changed to compressors), coupled to a mine plan with dozens of horizontal wells. Some of this has doubled in th last 6 months.
Definitely time to move back to a simpler polythermic approach to prove the technique to get it operational, then maybe look at cogeneration as optimization possibility.
Need to make this happen for the good of the industry.

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