Gensource Potash Corporation

GSP

CA37252X1042

Agricultural Chemicals

Market Closed - Toronto S.E. Other stock markets 09:30:00 2024-04-26 am EDT			5-day change	1st Jan Change
0.115 ^CAD	0.00%		-8.00%	+64.29%

Apr. 15	RBC Capital Markets Gives Nutrien Outperform Rating, US$70 Price Target	MT
2023	Gensource Potash maintains dedication to secure financing	AN

Gensource Potash maintains dedication to secure financing

December 07, 2023 at 02:36 pm EST

Gensource Potash Corp - Saskatchewan, Canada-based fertiliser development company - Says that following successful flow-through programme financing, it initiated the 2023 Vanguard North 3D Seismic program in September 2023, with several strategic objectives. Plans to start exploration and confirm the resources of the sub-surface mineral permit, SMP200. Originally acquired in November 2021, SMP200 is north of KL245, the location of the Tugaske project in Canada. Gensource also plans to expand its dataset for the existing resource defined in KL245.

Adds that it has been "actively engaged" in discussions with several financial institutions to secure full project financing for the Tugaske project. Gensource is now focused on reaching an agreement with a preferred funding entity, so that the Tugaske project can transition to construction and operation. Says that "while timing remains challenging to estimate, the company is dedicated to expediting the negotiation process".

Current stock price: 5.00 pence, flat on Thursday in London

12-month change: down 60%

By Holly Beveridge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Gensource Potash Corporation

RBC Capital Markets Gives Nutrien Outperform Rating, US$70 Price Target	Apr. 15	MT
Gensource Potash maintains dedication to secure financing	Dec. 07	AN
Gensource Potash Drops Near 19% As Provides Vanguard North 3D Seismic Program Update	Dec. 07	MT
Gensource Potash Down Near 5% In UK Trade As Provides Vanguard North 3D Seismic Program Update	Dec. 07	MT
Gensource Potash Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 28	CI
Gensource Potash completes non-brokered private placement	23-10-02	AN
Gensource Potash Corporation announced that it has received CAD 0.729538 million in funding	23-10-01	CI
NWF trades in line with expectations	23-09-28	AN
Gensource Potash to Raise Funds to Complete Fieldwork on Potash Project in Canada	23-09-28	MT
Gensource Potash Plans Non-Brokered Private Placement	23-09-28	MT
Gensource Potash Corporation announced that it expects to receive CAD 0.7 million in funding	23-09-27	CI
Gensource Potash plans to develop technology for Tugaske	23-08-30	AN
Gensource Potash Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-28	CI
RBC Capital Markets Says Fertilizer Equities Including Nutrien Up Week Over Week	23-07-17	MT
RBC Capital Markets Says Nutrien A Standout Among Fertilizer Equities	23-07-11	MT
RBC Capital Markets Says Fertilizer Equities Up Slightly Week Over Week	23-07-10	MT
RBC Capital Markets Says Fertilizer Equities Including Nutrien Flat Week Over Week	23-06-26	MT
RBC Capital Markets Says Fertilizer Equities Including Nutrien Up Over Past Week	23-06-20	MT
RBC Capital Markets Says Sprott Physical Uranium Trust Fund's Shares Up 2% Week Over Week	23-06-14	MT
RBC Capital Markets Says Nutrien, Other Fertilizer Equities Rise Over Past Week	23-06-12	MT
Gensource Potash extends convertible bond maturity date	23-06-05	AN
Gensource Potash completes private placement	23-05-30	AN
Gensource Potash Wraps Up Private Placement	23-05-30	MT
Gensource Potash Corporation announced that it has received CAD 0.917787 million in funding	23-05-29	CI
EnSilica's integrated circuits designed into models	23-05-22	AN

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Company Profile

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.

Sector

Agricultural Chemicals

Calendar

2024-05-27 - Q1 2024 Earnings Release (Projected)

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Sector Other Agricultural Chemicals

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