Gensource Potash Corporation (GSP) Financings
TSXV: GSP · Potash · Development stage
- Market cap$57.4M
- Share price$0.120
- 52-week range$0.060 – $0.175
- Shares outstanding478,346,601
- ExchangeTSXV
- Websitewww.gensourcepotash.ca
Gensource is a fertilizer development company based in Saskatoon, Saskatchewan and is on track to become the next fertilizer production company in that province. With a modular and environmentally leading approach to potash production, Gensource believes its technical and business model will be the future of the industry. Gensource operates under a business plan that has two key components: (1) vertical integration with the market to ensure that all production capacity built is directed, and pre-sold, to a specific market, eliminating market-side risk; and (2) technical innovation which will allow for a modular and economic potash production facility, that demonstrates environmental leadership within the industry, producing no salt tailings, therefore eliminating decommissioning.
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Gensource Potash Corporation financial statements
Key figures read from 37 of 37 financial statement filings, Nov 29, 2016 to Aug 31, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$29,224 | C$63,343 | C$409,488 | C$337,831 | C$1,712,079 |
| Total current assets | C$293,153 | C$355,499 | C$730,468 | C$720,931 | C$2,171,413 |
| Total current liabilities | — | — | C$10,479,450 | C$6,613,765 | C$318,771 |
| Working capital | — | — | (C$9,748,982) | (C$5,892,834) | C$1,852,642 |
| Exploration and evaluation assets | C$4,994,669 | C$4,778,199 | C$4,589,002 | C$3,890,413 | C$3,680,903 |
| Property, plant and equipment | C$18,638,427 | C$18,492,043 | C$18,319,455 | C$17,880,148 | C$12,825,445 |
| Total assets | C$23,926,249 | C$23,625,741 | C$23,673,194 | C$24,949,663 | C$19,740,841 |
| Debt | C$5,742,703 | C$5,566,224 | C$5,300,666 | C$4,998,156 | C$3,014,562 |
| Total liabilities | C$15,325,550 | C$12,789,077 | C$10,479,450 | C$9,495,198 | C$3,355,887 |
| Shareholders' equity | C$8,600,699 | C$10,836,664 | C$13,193,744 | C$15,454,465 | C$16,384,954 |
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | — | — | — | C$57 | C$1,422 |
| General and administrative | C$2,128,373 | C$1,983,972 | C$2,341,767 | C$2,441,647 | C$3,212,604 |
| Share-based compensation | C$5,900 | C$538,960 | C$1,617,706 | C$36,534 | C$1,593,400 |
| Impairments and write-downs | — | — | C$2,383,919 | — | — |
| Net income (loss) | (C$2,326,780) | (C$2,895,040) | (C$6,583,234) | (C$2,491,863) | (C$4,878,220) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$334,151) | (C$530,822) | (C$1,875,840) | (C$1,422,361) | (C$3,784,477) |
| Investing cash flow | (C$364,883) | (C$364,631) | (C$692,589) | (C$3,270,281) | (C$3,206,961) |
| Financing cash flow | C$664,915 | C$549,308 | C$2,640,086 | C$3,318,394 | C$7,954,571 |
| Exploration spending (capitalized) | (C$148,413) | (C$189,197) | (C$249,284) | (C$209,510) | (C$3,199,583) |
| Property, plant and equipment spending | — | — | — | — | (C$7,378) |
| Proceeds from share issues | — | — | C$2,752,325 | C$1,170,500 | C$5,225,782 |
| Change in cash | (C$34,119) | (C$346,145) | C$71,657 | (C$1,374,248) | C$963,133 |
| Cash at end of period | C$29,224 | C$63,343 | C$409,488 | C$337,831 | C$1,712,079 |
Gensource Potash Corporation financings
1 financing announced or closed by Gensource Potash Corporation, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-07-07 | Gensource Potash Corporation (GSP) | Convertible debenture | Announced | $1.8M | — | Gensource Potash Announces Extension to the Maturity Date of Convertible Debentures and Adoption of a New Omnibus Equity Incentive Plan |
Gensource Potash Corporation debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Gensource Potash Corporation has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2026-07-07 | Convertible debenture, amended | — | C$1.8M | 5% |
| 2026-06-02 | Loan, repaid / settled | — | C$1.48M | 0%, matures 2023-07-01 |
| 2026-05-25 | Loan, repaid / settled | — | C$1.48M | 0% |