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GENSOURCE ANNOUNCES MOU FOR 70% JV PATNERSHIP WITH ESSEL GROUP ME IN 2 PHASES

November 29, 2016 - releases
GENSOURCE ANNOUNCES MOU FOR 70% JV PATNERSHIP WITH ESSEL GROUP ME IN 2 PHASES

Gensource Potash Corporation (TSX.V: GSP) is pleased to announce that it has signed a non-binding Memorandum of Understanding (MOU) with Essel Group Middle East Limited to form a joint venture company that will be tasked with advancing one of Gensource’s small scale potash projects through to production. The objective of EGME and Gensource is to create and deliver a new and independent supply of potash to the potash market.

The MOU defines a clear path to creating the JV, which brings together technical innovation, management expertise and international logistics and capital. The synergies gained in the JV will allow for expedient construction and operation of a new potash production facility. read more

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