Saskatoon-based Gensource Potash has announced a new business relationship with a direct strategic investment by Nekaneet First Nation.
The relationship encompasses equity ownership in Gensource and therefore a direct interest in the development of the Gensource potash projects in Saskatchewan.
Gensource has a goal of environmentally-leading modular potash production systems.
Gensource has a potash project near Tugaske, 150 kilometers northwest of Regina.
So far, two specific areas are being investigated where process and technology improvements have the potential to yield significant cost savings, underground cavern design and wellfield configuration, and, optimization of the crystallization process in the surface plant.
The company is looking at the feasibility of drilling the first cavern at the Tugaske project as early as possible in the pre-construction phase, in order to confirm design parameters.