Gensource Potash awaits Hermes approval of ECA support

(Business Wire, Saskatoon, 31 August 2020) Gensource Potash Corporation, a Canadian fertilizer development company focused on sustainable potash production, announces the successful completion of the next major milestone for its Tugaske Project. Gensource has now received approval of its Development Permit Application for a potash mine from the Rural Municipality of Huron No. 223, whose offices are in the Village of Tugaske, Saskatchewan. A significant portion of the Facility is to have ECA coverage from Hermes, with procurement managed by MAVEG Industrieausr├╝stungen GmbH using a Debt Facility of approximately US$180 million, with due diligence to be overseen and managed by KfW IPEX-Bank.

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