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Gensource Potash Corp AGCCF


Primary Symbol: V.GSP

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

Comment by mdjbrownon Nov 10, 2024 12:02pm
61 Views
Post# 36305425

RE:potash

RE:potashsw248, all of the companies promoting this novel tech are in pause mode, and after Western ran into cavern trouble, the gates seemed to have slammed shut for any further capital.   Buffalo / Continental, Evolution, Gensource, Western, Encanto, and even Karnalyte has been idle

Some talk about using this mining method in Argentina, but so far just chin wagging by a Canadian Company hoping to sell this methodology in South America 

Padcom with the assistance of BPPC built their mine on a really tight budget, and once they started to initially produce, Padcom went a different direction.

I believe BPPC is willing to help those idle companies with their cavern construction, but based on all the failures and Beechies model being the only one to show any results, I hope the folks at Beechy are asking a kings ransom for their tech.

For more than a decade so many juniors in this sector jumped on the hype train making execs millions in promoting a technology without really knowing what was actually involved with proving up this novel extraction method.

60 years of attempts and failures made a really cool story for the promotors, and they ran with it as they hyped they were going to be the first to prove it. 

70 years later and still not one horizontal selective solution mine mine in Sask producing viable potash.

I guess you could say not all miners in the sector were unsuccesful, as those who mined shareholders wallets the last decade enjoyed very lucrative success!

Free Enterpise at its finest!



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