Gensource Potash Corp. on April 14 announced that Mike Mueller has resigned his position as a Director of the company, effective April 14. He joined the company as a Director in July 2018, and most recently served as Chair of the Audit Committee.
“It has been an honor to serve on the Gensource Board of Directors,” said Mueller. “While I am stepping down from this role, I look forward to following the company’s future progress, especially as it secures the financing necessary to put into construction the Tugaske Project, the company’s first production module of what could become several on its Vanguard Area. Gensource’s modular technology represents a modern and more sustainable way to produce and sell this critical mineral, and I unreservedly wish the company full success.”
Gensource said this change comes as the company prepares for the next phase of development, which includes the drilling of its first production cavern, followed by construction, ramp-up, and operation of the first module at the Tugaske. Associated with the financing of the project, the company expects that further Board changes will occur as the company moves towards development of the project. Gensource said it is engaged in undertaking additional steps to strengthen its overall team and value proposition in anticipation of numerous potential catalysts.