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 > Q2 2024 Financials / MD&A out

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Post by mdjbrownon Aug 31, 2024 12:24am

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Post# 36203781

Q2 2024 Financials / MD&A out

Summer doldrums .................................

As at June 30, 2024, the Company had a total of $66,557 in cash and $2,388 in investments to settle current liabilities of $11,507,024.

For the immediate future, the Company intends to raise additional financing for the following purposes:

• complete the financing of the Tugaske Project,
• working capital purposes, and
• to begin to develop a second project.

The Company continues to monitor its spending and will amend its plans based on business opportunities that may arise in the future.

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