Gensource Potash Corporation is in the final stage of financing one of its vertically integrated, small-scale potash production facilities (referred to as “modules”), in its 100% owned “Vanguard Area” comprising Government of Saskatchewan potash mineral leases KL 244 and KL 245.
Gensource had created the joint venture project company: KClean Potash Corporation (“KClean”). KClean is a Saskatchewan corporation and will be the entity that is ultimately financed and will construct and own the Tugaske Project. At the time of this report, the shareholder agreement for KClean has been negotiated between Gensource and HELM and will be executed upon HELM’s equity investment into KClean.
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