Gensource Potash Corporation 3rd Quarter Results (7933T)
29 November 2021 - 6:00PM
UK Regulatory
TIDMGSP
RNS Number : 7933T
Gensource Potash Corporation
29 November 2021
Gensource Potash Releases Financial Statements and Management's
Discussion and Analysis for the Period Ending September 30,
2021
SASKATOON, Saskatchewan and London, U.K., 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/).
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) +44 (0) 20 7409 3494
Ritchie Balmer / Rory Murphy / Charles Hammond
Peel Hunt LLP (Broker) +44 (0) 20 7418 8900
Ross Allister / David McKeown / Georgia
Langoulant
Camarco (Financial PR) +44 (0) 20 3757 4997
Gordon Poole / Nick Hennis / Charlotte Hollinshead
For any press enquiries please contact us on
gensource@camarco.co.uk
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.
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END
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