Easy to Finance and Scale Eco-friendly Potash Production Interview with Mike Ferguson

Dig Deep – The Mining Podcast Podcast

In this episode, we chat to Mike Ferguson, President, and CEO of Gensource Potash who are a Canada-based fertilizer development company, which is focused on developing resource opportunities with a specific focus on potash development.

Mike is a professional engineer with over 25 years of experience in potash and uranium and is leading the development of this greenfield property and tells us all about the company and their Tugaske project and the sustainable production methods used.

KEY TAKEAWAYS

• Gensource Potash trades on the Toronto Venture Stock Exchange and the London AIM Market.

• Financing was very Europe-centric, so London is a good fit.

• Taking a modular approach enables them to start small and easily find finance, then ramp up as fast as the market allows.

• A single module of 250,000 tonnes production is a strong economic unit all by itself.

• These small modules can be run at 100% capacity from day one, which improves capital efficiencies.

• All product for the Saskatchewan facility is presold. A setup that virtually eliminates risk.

• Gensource is turning potash mining into something more akin to a manufacturing process.

• No salt tailings are created, which means no surface brine ponds.

• All of their power and heat are self-generated. They plan to become a true net-zero operation.

• Tugaske will be co-owned by Gensource and their partner Helm.

• The cyclical mining approach they use enables them to use 75% less freshwater per tonne of product.

• Working with Helm, Gensource is disrupting the market providing an alternative supply in a market where just five producer accounts for 75 to 80% of the supply.

• Gensource´s supply chain has been greatly simplified, which saves a lot of money. It also has an extremely low carbon footprint.

• A growing global population means demand for potash will continue to grow.

• Construction is due to start production, in 2024.

BEST MOMENTS

‘We are dedicated 100% to potash development. ´

‘Gensource is about doing things differently.’

‘We simply have no waste; we have no tailings.’

‘We self-generate all of our own power and heat.’

EPISODE RESOURCES

Website: https://gensourcepotash.ca

Twitter: https://twitter.com/gensourcepotash

Email: [e-mail]

Call: 001 306 974 6414

VALUABLE RESOURCES

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https://www.linkedin.com/in/rob-tyson-3a26a68/

http://www.mining-international.org

https://twitter.com/MiningConsult

https://www.facebook.com/MiningInternational.org

https://www.youtube.com/channel/UC69dGPS29lmakv-D7LWJg_Q?guided_help_flow=3

ABOUT THE HOST

Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first world to third world countries from Africa, Europe, Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients' organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.

CONTACT METHOD

[e-mail]

https://www.linkedin.com/in/rob-tyson-3a26a68/

Podcast Description

Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.