Gensource Potash is already quoted on the Toronto Venture Exchange, and it describes the Tugaske project, which is in the Vanguard area, as “shovel ready”. First production could be before the end of 2023. The required investment has been secured, via a joint venture vehicle, to finance the C$352m cost of building the mine.
Management were involved in setting up the Bethune potash mine. The AIM quotation is designed to gain access to UK and European investors.
The Tugaske project’s proven and probable mineral reserve is 14.1 million tonnes and there is a likely minimum expected mine lif...
