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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

Post by mdjbrownon Dec 03, 2023 10:45am
203 Views
Post# 35765782

Good morning black

Good morning blackTo hopefully clear up some confusion, here is a link to Gsp's lease holdings prior to Dec 13, 2021

https://gensourcepotash.ca/mining-innovation/

Both KL 244 and 245 are illustrated on the map, but SMP200 does not appear as Gsp did not hold those permits at that time.


Now fast forward to a link showing Gsps lease holdings after Dec 13, 2021

https://gensourcepotash.ca/vanguard-area/

Just like magic, SMP200 appears within the Vanguard border because Gsp was the highest bidder for those permits at the 2021 land sale.

More important question for shareholders though, is what is the timeline for the SMP200 exploration committments with the Sask Government.

We know there is a work requirement of $2,785,000.00 attached, and that clock started 2 years ago in exactly 10 days time, so when does that exploration / groundwork need to be completed?

The $900k mentioned is only a third of that requirement, so are there extensions available from the Sask government if that committment is not undertaken by a specific time period?


Have a great Sunday, everyone 



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