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Business Wire
27-06-2025
- Business
- Business Wire
Gensource Executes Land Purchase Agreement for Tugaske Potash Project, Securing Strategic Surface Lands
SASKATOON, Saskatchewan--(BUSINESS WIRE)--Gensource Potash Corporation (' Gensource ' or the ' Company ') (TSXV: GSP), a fertilizer development company focused on sustainable potash production, is pleased to announce that, through its wholly owned subsidiary KClean Potash Corporation, has exercised its option to acquire 206 acres of surface lands where the main plant for the Company's planned Tugaske Potash Project will be constructed ('Project Lands'). This milestone fulfills the terms of the option agreement announced on October 4, 2018, and represents a critical step in advancing the project forward. The management of the company strategically identified the Project Lands adjacent to key infrastructure, including Canadian Pacific Kansas City (TSX: CP, NYSE: CP) rail, road, gas, water and power. The plant site location provides very efficient access to transportation corridors for the initial phase of the Tugaske Project and for future plant expansion. Ownership of the surface lands provides Gensource with full control over the project site, strengthening its position, further de-risking the Project and setting the stage for construction. Strategic Importance of the Land Acquisition Securing the surface rights is a major milestone in the Tugaske Project's development, as Gensource proceeds with detailed engineering and construction planning. The proximity to rail infrastructure ensures cost-effective logistics, a competitive advantage for the Company's planned scalable and vertically integrated potash production model. 'The exercise of this land purchase agreement is a pivotal moment for Gensource and the Tugaske Project,' said Mike Ferguson, President and CEO of Gensource. 'Owning the surface lands outright not only strengthens our control over the project's timeline but also underscores our commitment to advancing this strategically important asset. With this key piece in place, we are well-positioned to move forward with the next phases of implementation.' Utilizing Gensource's innovative, sustainable, and scalable approach to potash production, the project has the ability to set new environmental standards in the industry with no salt tailings, no brine ponds or cooling ponds, lower water consumption and the ability to scale efficiently module by module. About Gensource: 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. Further information on Gensource Potash Corporation can be found at Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Caution Regarding Forward-Looking Statements This news release may contain forward looking information and Gensource cautions readers that forward-looking information is based on certain assumptions and risk factors that could cause actual results to differ materially from the expectations of Gensource included in this news release. This news release includes certain 'forward-looking statements', which often, but not always, can be identified by the use of words such as 'believes', 'anticipates', 'expects', 'estimates', 'may', 'could', 'would', 'will', or 'plan'. These statements are based on information currently available to Gensource and Gensource provides no assurance that the actual results will meet management's expectations. Forward looking statements include estimates and statements with respect to Gensource's future plans, objectives or goals, to the effect that Gensource or management expects a stated condition or result to occur, including any offering of securities by Gensource. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated in such statements for many reasons such as: failure to finance the Tugaske Project or other projects on terms which are economic or at all; failure to settle a definitive joint venture agreement with a party and advance and finance the Tugaske Project; changes in general economic conditions and conditions in the financial markets; the ability to find and source off-take agreements; changes in demand and prices for potash; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with Gensource's activities; and other matters discussed in this news release and in filings made with securities regulators. This list is not exhaustive of the factors that may affect any of Gensource's forward-looking statements. These and other factors should be considered carefully, and readers should not place undue reliance on Gensource's forward-looking statements. Gensource does not undertake to update any forward-looking statement that may be made from time to time by Gensource or on its behalf, except in accordance with applicable securities laws.
Yahoo
08-05-2025
- Politics
- Yahoo
Feds call abuse reporting law "anti-Catholic" as church vows excommunication
The Catholic Church and federal government reacted vehemently to new legislation in Washington state that requires priests to report child abuse or neglect to law enforcement after learning about the crime through confessions. Gov. Mike Ferguson signed the controversial bill into law last week, making it mandatory for all clergy to report child abuse, without exemptions for information disclosed during confession. Confessions were previously considered privileged. The Archdiocese of Seattle — which was made up of 160 priests and 90 permanent deacons as of 2024 — said it will excommunicate priests who comply with the legislation. Meanwhile, the Department of Justice called the law "anti-Catholic" in a statement announcing a probe into the policy, just days before the Vatican selected the first pope from the United States. The Seattle Archdiocese in a statement, warned that breaking the confidence of confession is grounds for a priest to be kicked out of the church, essentially reiterating the rules already established for Catholic clergy. "Catholic clergy may not violate the seal of confession — or they will be excommunicated from the Church," the Archdiocese said. "All Catholics must know and be assured that their confessions remain sacred, secure, confidential and protected by the law of the Church." Too many victims The U.S. Department of Justice said it had opened a civil rights investigation into Washington's law, focusing on how it was developed and eventually passed. It suggested the legislation could be at odds with the First Amendment, with Assistant Attorney General Harmeet K. Dhillon saying the legislation "demands that Catholic Priests violate their deeply held faith in order to obey the law." In the text of Washington's reporting law, "clergy" refers collectively to everyone ordained for religious duties in any religion, but confession as a practice is singled out because of the secrecy around it. Ferguson's office addressed the federal probe in a statement to CBS News. "We look forward to protecting Washington kids from sexual abuse in the face of this 'investigation' from the Trump Administration," the statement said. Washington lawmakers are not the first to try to mandate clergy members to report child abuse, especially as the Catholic Church has increasingly faced public reckonings over sex crimes since the turn of the century. Although a majority of U.S. states already have abuse reporting mandates in place for religious leaders, each of those laws includes a provision exempting information learned through confession. California tried in 2019 to propose a bill that would have required clergy to report abuse without that exemption, but the church fought its passage and the legislature eventually put it on hold. The legislation was originally proposed by Washington State Senator Noel Frame, whose jurisdiction includes Seattle. After two earlier attempts to pass this bill failed because of disagreements about whether confessions should be exempt from reporting mandates, the final version passed during the legislative session this spring. "Far too many children have been victims of abuse," said Frame in a statement once the latest bill had passed in the state Senate. "The Legislature has a duty to act and end the cycles of abuse that can repeat generation after generation. When kids ask for help, we need to be sure that they get help. It's time to pass this bill once and for all." The seal of confession Thomas Plante, a psychologist and professor who has worked with the church for decades and written extensively about child sexual abuse among clerics, said removing exemptions for confession could have unintentionally adverse effects. Plante told CBS News that the "absolute" confidentiality understood to apply in church confessions has, in his experience, encouraged people who have committed crimes to come clean to a priest who has then referred them to a psychologist such as himself. He said multiple patients were referred to him this way over his career, and he then reported the situation to authorities as a medical professional. "The seal of confession, which is sort of a global thing that's been going on for several thousand years, is basically that anything you say under the seal is in complete confidence, and it gives people a place to talk about stuff they can't talk about anywhere else," Plante said. "That's one advantage. People that are involved in a crime or abuse or anything else, they do have a place in the Catholic Church to talk about it with 100% confidentiality." Without that assurance, Plante said he suspects priests in Washington will stop offering confession and instead direct people to seek that service at churches in nearby states. "And I think that would be a terrible tragedy," he said. Confession is a core principle in Catholicism. It calls for private conversations where congregants or laypeople divulge their wrongdoings to a priest, and, in turn, receive forgiveness on behalf of God. Anything said during the exchanges is kept secret. Technically, priests, through their religious oaths, are bound to a seal of confidentiality after hearing confessions, and the church forbids them from sharing the information learned in those sessions with others. Catholic doctrine explicitly prohibits them from notifying authorities even after someone has confessed to a crime. The Seattle Archdiocese said they agree "with the goal of protecting children and preventing child abuse" and are committed to reporting it, as long as the information is acquired in a setting outside of confession. It also accused the state of Washington of violating constitutional protections for religious establishment and free exercise of religion. "With this law, the State of Washington is specifically targeting religious conduct by inserting the government into the Catholic tradition, namely, the highly defined ritual of the Sacrament of Reconciliation," the Archdiocese said."The state is now requiring priests to violate an essential element of the rite, the confidential communication between the priest and penitent in which the absolution of sin is offered." Washington's new law requires priests to share information from confession only if the person confessing admits to abusing a child. Last year, while Washington's current governor, Ferguson, was still the state's attorney general, he pushed to investigate Catholic church leadership in Seattle, Spokane and Yakima for allegedly using charitable funds to cover up allegations of child sex abuse by clergy. But the probe faced challenges as the church refused to cooperate, arguing it did not need to obey subpoenas for its records. Here are some of the front-runners to be the next pope Sneak peek: The Depraved Heart Murder Fraud | Sunday on 60 Minutes
BBC News
28-04-2025
- Business
- BBC News
Funding crisis "biggest ever threat" to Aberdeen rink's future
The operators of the north east of Scotland's only dedicated curling rink say the site is facing its biggest ever threat to its future due to rising Aberdeen said it needed to raise £160,000 from its members to cover increasing cooling and heating costs, as well as replacing its ageing ice not-for-profit organisation is not allowed to borrow against the value of the building due to a security held on the site by its previous owner, Aberdeen City Council. The rink's bosses said this limited fundraising opportunities. They hope to generate support from their members. The rink, which opened in 2005, has hosted major tournaments including the European Championships and the World Mixed Curling has lost about a third of its 600 members since the Covid operators said the subsequent rise in the cost of living, particularly for energy costs, had also hit it hard and it was currently running at a deficit. Curl Aberdeen chairman Graham Russell told BBC Scotland News: "The city of Aberdeen quite correctly put a security on the site to ensure that we couldn't sell it for any other use than an amateur sports club. "Because of that we can't borrow against it."There has never been a greater threat in 20 years of Curl Aberdeen. "We're really at a crossroads because of the restrictions on borrowing."The situation follows similar crises at other rinks across Scotland. Earlier this month, Inverness Ice Centre said its energy bill had increased from £12,000 to £30,000 a 2023, a leading industry figure said many of Scotland's ice rinks faced closure due to "crippling" energy Ice Rink Association president Mike Ferguson at the time that said several Scottish ice rinks were now at "the critical stage".
