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SASKATOON, Saskatchewan, December 06, 2024--(BUSINESS WIRE)--Gensource Potash Corporation ("Gensource" or the "Company") (TSXV:GSP), a fertilizer development company focused on sustainable potash production, announces that it has granted an aggregate of 11,950,000 stock options to certain directors and senior officers of the Corporation, at an exercise price of $0.065 per share and are exercisable for a period of 5 years. The options were granted under the Company’s stock option plan and each stock option entitles the holder to acquire one common share of the Company. This grant of options remains subject to acceptance by the TSX Venture Exchange.
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
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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 the actual results will meet management’s expectations.