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Gensource Potash Corp V.GSP

Alternate Symbol(s):  AGCCF

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.


TSXV:GSP - Post by User

Comment by bobbythebakeron Jan 17, 2023 10:29am
145 Views
Post# 35227781

RE:2 penny stocks I’d buy to hold for 15 years!

RE:2 penny stocks I’d buy to hold for 15 years!Nice find, Cloudy.

I found the paragraph below most interesting.  Sounds like the author is someone who is fairly well acquainted with GSP.  Could go hand in hand with the recent blanking out of HELM's 35% ownership percentage in the corporate presentation.  HELM could be supporting the project further, and at better terms.  And without a project timeline currently in the Corporate Presentation, I would imagine the author spoke with GSP recently to come up with that 2024 production date, which would imply a financial close and a construction start in the next few months.

"First supply is scheduled to come online in 2024, and the business has the financial backing of chemicals giant Helm AG to get the project off the ground. Under the deal, Gensource will supply product to the German company for 10 years."

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