London Stock Exchange welcomes Gensource Potash Corporation to AIM

London Stock Exchange today welcomes Gensource Potash Corporation (“Gensource” or the “Company”), a fertilizer development company focused on sustainable potash production through its Tugaske project in southern Saskatchewan, to the Alternative Investment Market (“AIM”) of the London Stock Exchange.  

The Company is on track to become to next fertilizer production Company in Saskatchewan. 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, decommission risk and requiring no surface brine ponds, thereby removing the single largest negative environmental impact of potash mining.

Quick facts

Track
Market: AIM
Instrument market cap (£m)
108.73
Listing/Admission to trading
05 Nov 2021

Mike Ferguson, CEO of Gensource, commented:

“The whole of the Gensource team is delighted to begin trading on AIM today. This milestone will be important in enabling us to access a broader investor base as we progress our strategy of bringing the Tugaske Project into production. We are confident that our high margin, de-risked, long life and sustainable project sets us apart from the rest of the industry and offers UK, European, North American and other international investors a unique opportunity to invest not only in the potash market, but also in the future of the potash market. We look forward to updating the market as we march towards the future.” 

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