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Gensource Potash Corp V.GSP

Alternate Symbol(s):  AGCCF

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.


TSXV:GSP - Post by User

Gensource Potash Corp > Q2
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Comment by mdjbrownon Sep 02, 2023 3:51pm
131 Views
Post# 35617621

RE:RE:RE:RE:RE:RE:Q2

RE:RE:RE:RE:RE:RE:Q2sw248, I guess the first step would be to assess the asset value of the leases / properties currently held by Gensource.

In 2011, Yancoal bought 8 properties from Acron for $110 million dollars.

In 2016, Yancoal sold 2 leases to Gensource for a couple million dollars after Yancoal I believe drilled exploratory wells in pursuit of building a conventional solution mine similiar to Bethune.

Yancoal also agreed to an offtake for that potash produced, which unfortunately was later cancelled.

https://globalnews.ca/news/2748690/gensource-planning-small-potash-mine-for-south-central-saskatchewan/

Since that time potash leases have been relatively cheap compared to the crazy days of 2011 as referenced by the last Government sale held a couple years ago.

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