GSP Gensource Potash Corporation

TIDMGSP

RNS Number : 8440H

Gensource Potash Corporation

29 November 2022

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Gensource Potash Releases Financial Statements and Management's Discussion and Analysis for the Period Ending September 30, 2022

SASKATOON, Saskatchewan and London, U.K., November 29, 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 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.

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 / Charlotte Hollinshead / Lily 
  Pettifar 
 

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 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DOCBIBDBDDDDGDI

(END) Dow Jones Newswires

November 29, 2022 02:00 ET (07:00 GMT)

Gensource Potash (LSE:GSP)
Historical Stock Chart
Von Nov 2024 bis Dez 2024

Gensource Potash (LSE:GSP)
Historical Stock Chart
Von Dez 2023 bis Dez 2024