Gensource Potash Releases Financial Statements and Management’s Discussion and Analysis for the Period Ending June 30, 2022
Gensource Potash Releases Financial Statements and Management’s
Discussion and Analysis for the Period Ending June 30, 2022
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN
THE UNITED STATES
SASKATOON, Saskatchewan & LONDON--(BUSINESS WIRE)--August 30, 2022--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 June
30, 2022. The reports are available under the Company’s profile on SEDAR (www.sedar.com)
and on the Company’s website (https://gensourcepotash.ca/financials-and-presentations/).
Gensource is hosting a shareholder update call for Wednesday August 31, 2022 at 4:00 PM
Eastern time, during which the Company will provide an update on the development of its potash
project near Tugaske, SK (the “Tugaske Project”), discuss next steps, current fertilizer market
industry dynamics and respond to shareholder questions. The call is scheduled for 4:00 pm
Eastern time. Participants can join the call by dialing: 1-844-534-3191. If shareholders would
like any specific items addressed during the call, they should email questions in advance to:
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 modular and economic potash production facility,
that demonstrates environmental leadership within the industry, producing no salt tailings,
therefore eliminating decommissioning risk, and requiring no surface brine ponds, thereby
removing the single largest and negative environmental aspect 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 Statement
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 any offering of securities 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 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
For further information on Gensource Potash, please contact:
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 / Charlotte Hollinshead / Lily Pettifar
+44 (0) 20 3757 4997
For any press enquiries please contact us on [email protected]