Gensource Potash Announces Cancellation of Listing of AIM Ordinary Shares

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SASKATOON, Saskatchewan and LONDON, July 1, 2024–(BUSINESS WIRE)–Gensource Potash Corporation (“Gensource” or the “Company”) (TSXV: GSP) announced today that, in accordance with the rules of the London Stock Exchange’s Alternative Investment Market (“AIM”), the admission of the Company’s common shares to trading on AIM has been cancelled. The cancellation is effective immediately and shareholders will now be able to trade their common shares exclusively on the TSX Venture Exchange.

The Company has not issued any shares on the AIM market but will ensure that further information is provided to shareholders and brokers, as appropriate, in relation to the ordinary shares currently held with Computershare Trust Company in the United Kingdom.

About Gensource

Gensource is a fertilizer development company based in Saskatoon, Saskatchewan and is on track to become the next fertilizer company in the province. With a leading modular and environmental approach to potash production, Gensource believes its technical and business model will be the future of the industry. Gensource operates on a business plan that has two key elements: (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 that will enable a modular, cost-effective potash production facility that demonstrates environmental leadership in the industry, produces no salt tailings, eliminating decommissioning risk, and requires no surface brine ponds, eliminating the most significant and negative environmental aspect of potash mining.

More information about Gensource Potash Corporation can be found at www.gensourcepotash.ca.

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 press release may contain forward-looking information and Gensource cautions readers that such information is based on certain assumptions and risk factors that could cause actual results to differ materially from Gensource’s expectations included in this press release. This press release contains certain “forward-looking statements” which can often, but not always, be identified by the use of words such as “believe,” “anticipate,” “expect,” “estimate,” “may,” “should,” “will” or “plan.” These statements are based on information currently available to Gensource and Gensource gives no assurance that actual results will meet management’s expectations.

Forward-looking statements include estimates and statements regarding Gensource’s future plans, objectives or goals that Gensource or management expects a stated condition or result to occur, including any offering of securities by Gensource. Because forward-looking statements are based on assumptions and address future events and conditions, they, by their very nature, involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated in such statements for a number of reasons, including: the inability to finance the Tugaske Project or other projects on economic terms or at all; the inability to enter into a definitive joint venture agreement with any party and to advance and finance the Tugaske Project; changes in general economic and financial market conditions; the ability to secure and secure offtake agreements; changes in demand for and prices of potash; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in Gensource’s business; an inability to predict and counteract the effects of COVID-19 on Gensource’s business, including, but not limited to, the effects of COVID-19 on commodity prices, capital market conditions, restrictions on labor and international travel and supply chains, failure to obtain required regulatory approvals; and other matters discussed in this press release and in filings with securities regulators. This list is not exhaustive of the factors that may affect 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 undertakes no obligation to update any forward-looking statements that may be made from time to time by or on behalf of Gensource, except in accordance with applicable securities laws.

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Contacts

For more information about Gensource Potash, please contact:

gensource Potash Corporation
Mike Ferguson – President and CEO
+1-306-974-6414

Peel Hunt LLP (Broker)
Ross Allister / David McKeown / Georgia Langoulant
+44 (0) 20 7418 8900

For press inquiries, please contact Gensource at 306-974-6414.