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Gensource Potash Corporation has executed a shareholder agreement with Essel Group ME Ltd (EGME), a part of Essel Group (the Indian multinational conglomerate), to create a joint venture company, Vanguard Potash Corp, pursuant to the memorandum of understanding between the two parties announced on November 29, 2016.
The purpose of the JV is the construction and operation of the new Vanguard potash production facility in Saskatchewan (Canada), which will bring together technical innovation, management expertise, international logistics and capital.
Mike Ferguson, president & CEO, Gensource, said, “This is the most significant milestone for Gensource to date. Our investors are aware that Gensource’s
