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Gensource executes land purchase agreement for Tugaske Potash Project

Published by , Assistant Editor
World Fertilizer,


Gensource Potash Corp., a fertilizer development company focused on sustainable potash production, has announce that, through its wholly owned subsidiary KClean Potash Corp., it has exercised its option to acquire 206 acres of surface lands where the main plant for the company’s planned Tugaske Potash Project will be constructed.

This milestone fulfils the terms of the option agreement announced on 4 October 2018, and represents a critical step in advancing the project forward.

The management of the company strategically identified the Project Lands adjacent to key infrastructure, including Canadian Pacific Kansas City rail, road, gas, water, and power. The plant site location provides very efficient access to transportation corridors for the initial phase of the Tugaske Project and for future plant expansion. Ownership of the surface lands provides Gensource with full control over the project site, strengthening its position, further de-risking the Project and setting the stage for construction.

Strategic importance of the land acquisition

Securing the surface rights is a major milestone in the Tugaske Project’s development, as Gensource proceeds with detailed engineering and construction planning. The proximity to rail infrastructure ensures cost-effective logistics, a competitive advantage for the company’s planned scalable and vertically integrated potash production model.

“The exercise of this land purchase agreement is a pivotal moment for Gensource and the Tugaske Project,” said Mike Ferguson, President and CEO of Gensource. “Owning the surface lands outright not only strengthens our control over the project’s timeline but also underscores our commitment to advancing this strategically important asset. With this key piece in place, we are well-positioned to move forward with the next phases of implementation.”

Utilising Gensource’s innovative, sustainable, and scalable approach to potash production, the project has the ability to set new environmental standards in the industry with no salt tailings, no brine ponds or cooling ponds, lower water consumption and the ability to scale efficiently module by module.

Read the article online at: https://www.worldfertilizer.com/potash/04072025/gensource-executes-land-purchase-agreement-for-tugaske-potash-project/

 
 

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