Canadian startup Gensource Potash has announced one separate memorandums of understanding with large US companies to each supply 250,000 tons per year of potash. The identities of the US companies have not been disclosed because they fear access to their existing potash supplies could be restricted if details are made public, according to Gensource CEO Mike Ferguson. The potash firm plans to use a proven selective in situ mining technique, previously used by Intrepid Potash, to scale the project into modular size in Saskatchewan.
Canadian startup Gensource Potash has announced two separate memorandums of understanding with large US companies to each supply 250,000 tons per year of potash. The identities of the US companies have not been disclosed because they fear access to their existing potash supplies could be restricted if details are made public, according to Gensource CEO Mike Ferguson. The potash firm plans to use a proven selective in situ mining technique, previously used by Intrepid Potash, to scale the project into modular size in Saskatchewan.