Gensource Potash has found funds for Vanguard One Project
The Canadian company Gensource Potash raised almost 1.5 million dollars on a private placement of 11.231 million common shares at 13 cents per share. The funds will be used to create the Vanguard One potash mine.
Gensource’s disruptive business model involves construction of enterprises for the small-scale extraction of potash salts and their processing into potash fertilizers which then to be sold directly to the people and groups that use them.
The project area lies within the Elk Point Basin that stretches over parts of Canada and the United States. The Vanguard One will be an underground potash mining operation involving multi-lateral horizontal caverns and employing the selective solution mining. The solution mining technology is quite feasible with the geological conditions allowing the development of deposits in this way.