Gensource Potash Releases Financial Statements and Management’s Discussion and Analysis for the Period Ending September 30, 2022
29 Novembre 2022 - 8:00AM
Business Wire
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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, 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/). As
noted in the MD&A, the agreement for the Company to acquire
Innovare Technologies Ltd. has expired; however, both parties
remain ready to resume the acquisition process once project
financing is in place.
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
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 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20221128005723/en/
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
gensource@camarco.co.uk
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