Gensource Potash Releases Financial Statements and Management’s Discussion and Analysis for the Period Ending September 30, 2021
Gensource Potash Releases Financial Statements and Management’s
Discussion and Analysis for the Period Ending September 30, 2021
SASKATOON, Saskatchewan & LONDON--(BUSINESS WIRE)--November 29, 2021--
Gensource Potash Corporation (“Gensource” or the “Company”) (AIM/TSXV:GSP), a fertilizer
development company focused on sustainable potash production, announces that it has released
its Financial Statements and Management’s Discussion and Analysis for the period ending
September 30, 2021. The reports will be available under the Company’s profile on SEDAR
(www.sedar.com) and on the Company’s website (https://gensourcepotash.ca/financials-and-
presentations/).
Further information on Gensource Potash Corporation can be found at www.gensourcepotash.ca.
Follow us on Twitter @GensourcePotash.
About Gensource
Gensource is a fertilizer development company based in Saskatoon, Saskatchewan and is on
track to become the next fertilizer production company in that province. With a modular and
environmentally leading approach to potash production, Gensource believes its technical and
business model will be the future of the industry. Gensource operates under a business plan that
has two key components: (1) 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 (2)
technical innovation which will allow for a small and economic potash production facility, that
demonstrates environmental leadership within the industry by using significantly less water per
tonne compared to conventional solution mining operations, producing no salt tailings, therefore
eliminating decommissioning risk, and requiring no surface brine ponds, thereby removing the
single largest negative environmental impact of potash mining.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
Caution Regarding Forward-Looking Statements
This news release may contain forward looking information and Gensource cautions readers that
forward- looking information is based on certain assumptions and risk factors that could cause
actual results to differ materially from the expectations of Gensource included in this news
release. This news release includes certain “forward-looking statements”, which often, but not
always, can be identified by the use of words such as “believes”, “anticipates”, “expects”,
“estimates”, “may”, “could”, “would”, “will”, or “plan”. These statements are based on
information currently available to Gensource and Gensource provides no assurance that actual
results will meet management’s expectations.
Forward looking statements include estimates and statements with respect to Gensource’s future
plans, objectives or goals, to the effect that Gensource or management expects a stated condition
or result to occur, including the AIM listing, the proposed financing of the Tugaske Project and
the development of the Tugaske Project and other projects by Gensource. Since forward-looking
statements are based on assumptions and address future events and conditions, by their very
nature they involve inherent risks and uncertainties. Actual results relating to the success of the
Tugaske Project and the financing of the Tugaske Project could differ materially from those
currently anticipated in such statements for many reasons such as: failure to finance the Tugaske
Project or other projects on terms which are economic or at all; failure to settle a definitive joint
venture agreement with a party and advance and finance the Tugaske Project; changes in general
economic conditions and conditions in the financial markets; the ability to find and source off-
take agreements; changes in demand and prices for potash; litigation, legislative, environmental
and other judicial, regulatory, political and competitive developments; technological and
operational difficulties encountered in connection with Gensource’s activities; an inability to
predict and counteract the effects of COVID-19 on the business of Gensource, including but not
limited to the effects of COVID-19 on the price of commodities, capital market conditions,
restriction on labour and international travel and supply chains, failure to obtain required
regulatory approvals; and other matters discussed in this news release and in filings made with
securities regulators. This list is not exhaustive of the factors that may affect any of Gensource’s
forward-looking statements. These and other factors should be considered carefully, and readers
should not place undue reliance on Gensource’s forward-looking statements. Gensource does not
undertake to update any forward-looking statement that may be made from time to time by
Gensource or on its behalf, except in accordance with applicable securities laws.
Contacts
Gensource Potash Corporation
Mike Ferguson – President & CEO
+1-306-974-6414
Strand Hanson Limited (Nominated & Financial Adviser)
Ritchie Balmer / Rory Murphy / Charles Hammond
+44 (0) 20 7409 3494
Peel Hunt LLP (Broker)
Ross Allister / David McKeown / Georgia Langoulant
+44 (0) 20 7418 8900
Camarco (Financial PR)
Gordon Poole / Nick Hennis / Charlotte Hollinshead
+44 (0) 20 3757 4997
For any press enquiries