Gensource Potash Corp. has entered into a definitive, binding off-take agreement with a senior North American agriculture industry leader. The agreement includes the purchase of 100% of the production from one “module” of 250,000 metric-ton-per-year (mt/y) capacity; a preliminary marketing plan that facilitates Gensource’s goal of creating a direct link between a potash producing facility in Saskatchewan and the end user; 10-year term with an option to renew for the life of the project; right of first refusal for the off-taker to purchase any additional product that may be produced at the project either through de-bottlenecking or expansion of the productive capacity of the facility; and right of first refusal to purchase the project should Gensource elect to sell any portion of it.
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