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GSP Gensource Potash News Story

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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
(http://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 (http://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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