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IN BRIEF: Gensource Potash annual loss widens on higher costs

28th Mar 2022 14:48

Gensource Potash Corp - fertilizer development company located in Saskatchewan, Canada - For 2021, pretax loss widens to CAD4.9 million, about USD3.9 million, from CAD1.0 million, due to a sharp rise in general and administrative costs.

Gensource Potash first started trading on London's AIM in early November.

Looking ahead, the company will seek to raise additional funding to complete the financing of the Tugaske project, and start on the development of a second project.

Current stock price: 25.00 pence, up 8.7% in London on Monday

12-month change: down 9.1% since November 5

By Dayo Laniyan; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.


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