Gensource Potash Corp AGCCF

Primary Symbol: V.GSP

Chemicals Basic Materials

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.

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Gensource Potash Corp > 2023 Management Information Circular Now on SEDAR

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Post by bobbythebakeron May 30, 2023 3:24pm

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Post# 35470894

2023 Management Information Circular Now on SEDAR

For those here who have complained about GSP exec salaries in the past, note that in 2022 they took reduced salaries (Ferguson from $435k to $300K, Theoret from $279k to $200k, Morsky from $279k to $200k) and received no other compensation/options. Also note that no fees or compensation was taken whatsoever by any board member. These guys have all tightened their belts while pushing the company forward and even putting much of their own capital (private placements, interest-free loan, open market equity purchases) into the company itself. These guys are doing everything they can to get GSP over the hurdle while staying very investment friendly.

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