Junior miner Gensource Potash Corp., Saskatoon, has announced its intention to apply for the admission to trading of the company’s common shares on the London Stock Exchange’s AIM market. The company is seeking admission to AIM in order to enhance its access to U.K. and European institutional investors.
Gensource said it has received significant interest given its business relationship with offtake partner Helm AG, lead debt arrangers KfW IPEX-Bank and Societe Generale SA, and its ESG-friendly approach to potash production.
“We see the potential admission to trading on AIM as a natural step for Gensource to support its next phase of growth as we transition to a sustainable potash producer with the Tugaske Project in Saskatchewan, Canada,” said Mike Ferguson, Gensource President and CEO.
“Gensource is a unique investment proposition in the potash sector, located in a Tier One mining jurisdiction, offering strong ESG credentials, a close relationship with off-take partner Helm AG, and a nimble pricing structure that allows us to deal straight with the retailer,” he continued. “The London market is known for its deep knowledge of the mining sector and as an investment destination for institutional capital from around the world and a dual listing would increase the company’s international profile and facilitate improved access to U.K. and international institutional investors.”
Gensource common shares will continue to be listed and traded on the TSX Venture Exchange.