Gensource Potash Announces Resignation of Director
14 Abril 2023 - 1:00AM
Business Wire
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES
OR DISSEMINATION IN THE UNITED STATES
Gensource Potash Corporation (“Gensource” or the
“Company”) (AIM/TSXV: GSP), a fertilizer development company
focused on sustainable potash production, announces that Mike
Mueller has resigned his position as a Director of the Company,
effective today.
Mike joined the Company as a Director in July 2018 and has
provided strong and consistent oversight to the Company during his
tenure, most recently serving as Chair of the Audit Committee.
Mike’s experience and leadership have provided great value to the
Company and the Company wishes to thank Mike for his service and
wishes him great success in his future endeavours.
“It has been an honor to serve on the Gensource Board of
Directors. While I am stepping down from this role, I look forward
to following the Company’s future progress especially as it secures
the financing necessary to put into construction the Tugaske
Project, the Company’s first production module of what could become
several on its Vanguard Area,” said Mike Mueller. “Gensource’s
modular technology represents a modern and more sustainable way to
produce and sell this critical mineral, and I unreservedly wish the
Company full success.”
This change in the Company’s Board of Directors comes as the
Company prepares for the next phase of development which includes
the drilling of its first production cavern, followed by
construction, ramp-up and operation of the first module at the
Tugaske Project. Associated with the financing of Tugaske, it is
expected that further board changes will occur, as the Company
moves steadily towards success in its industry-changing goal with
development of the Tugaske Project. The Company is engaged in
undertaking additional steps to strengthen its overall team and
value proposition in anticipation of numerous potential
catalysts.
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.
Further information on Gensource Potash Corporation can be found
at www.gensourcepotash.ca Follow us on twitter
@GensourcePotash 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230413005189/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
Barclays Bank (AMEX:GSP)
Gráfica de Acción Histórica
De Oct 2024 a Nov 2024
Barclays Bank (AMEX:GSP)
Gráfica de Acción Histórica
De Nov 2023 a Nov 2024