Gensource clears enviro hurdle

Focus shifts to Vanguard One detailed construction licensing

Gensource's Vanguard One potash project has cleared a major environmental hurdle

Gensource's Vanguard One potash project has cleared a major environmental hurdle

According to a statement from Gensource, the MOE recognised the project's positive environmental attributes, which would not trigger the stringent criteria of the Saskatchewan Environmental Assessment Act.

Consequently, the determination allows the company to move to the next stage of the environmental regulatory process, which entails detailed construction licencing.

"It is a decision that we anticipated due to the fact that our approach to potash mining is radically different from traditional potash projects - Vanguard One will be much more environmentally friendly, with no salt tailings and no brine ponds of any sort," president and CEO Mike Ferguson stated.

The proposed project has a footprint of only 300m-by-300m and by applying technical innovation, it has a reduced impact on the environment through its lack of salt tailings, lack of brine-containing surface ponds, reduced impact to utilities and local infrastructure and reduced water consumption per tonne of product produced.

The Vanguard One project is designed to produce 250,000 metric tonnes per year of potassium chloride, or about one-tenth of the annual production of a typical potash mine in Saskatchewan. And the facility can be expanded without increasing the footprint.

In May, the C$42.15 million company announced a definitive off-take agreement with an unnamed strategic North American diversified agricultural company for the sale of 100% of Vanguard One's production for a decade.

The last remaining item is project finance, on which Gensource reported it had made positive and steady progress in assembling the necessary project financing package to launch the project forward into detailed engineering, procurement and construction.


A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.


Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across...


Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on quarterly mining...


Mining Journal Intelligence Global Leadership Report 2023: Social licence

Gain insights into social licence trends and best practices...


Mining Journal Intelligence Project Pipeline Handbook 2023

View our 50 top-ranked mining projects, handpicked...