Genesis Fertilizers Working with Invest Tisdale and Local Industry to Set Up Distribution Center

Genesis Fertilizers is a partnership that will be majority owned by Western Canadian farmers investing equity to build their fertilizer future by vertically integrating urea production and distribution. Genesis Fertilizers’ plan includes a 700,000 mpta urea production facility to be located at Belle Plaine, Saskatchewan and a network of seven storage and distribution facilities across the three Prairie provinces.

Located in one of the most productive growing regions in the world and just a two-hour drive from Saskatoon, Saskatchewan’s largest city, Tisdale occupies a strategically important position. For Genesis Fertilizers, this working partnership with Invest Tisdale presents an opportunity to streamline the storage, blending, and direct distribution of fertilizer to farmers across Northeast-Central Saskatchewan, with potential expansion into Western Manitoba. Tisdale is a bustling rural service center, serving approximately 14 rural municipalities, and encompassing one of the most expansive crop collection areas in Western Canada. Additionally, the town’s status as a transportation hub, offering road-to-rail connectivity linking national rail companies and primary truck routes in all directions, positions it as an attractive location for companies aiming to grow their presence and export across North America and the world.

“Tisdale offers immense opportunity for businesses to grow and support our agriculture powerhouse sector,” said Brendan Samida, Chair of the Invest Tisdale Economic Board. “Our future is promising as farm operations and value-added processing at the place crops are harvested continue to grow, with investments pouring into land and buildings from fourth- and fifth-generation families in the Economic Region.”

The Invest Tisdale Economic Board supports industrial expansion for the long-term benefits of the region’s economic growth and sees Genesis Fertilizers as a strategic partner within the farming supply chain. “We aim to promote synergy between industries and businesses, urging them to be innovative in their planning to reduce their carbon footprint, waste, and land-use. We encourage investments in our transportation and utility infrastructure expansion plans. This makes for a powerful and productive partnership that fuels growth in rural Saskatchewan,” Samida emphasized.

Genesis Fertilizers has put in a significant effort to identify the key locations for its SuperCenters. “The process is rigorous, involving a thorough assessment of various criteria, and encompasses factors like long-term partnerships and collaborations.

Tisdale is a good fit for Genesis Fertilizers due to its access to railways, vibrant agricultural community, and proactive business engagement,” said Terry Drabiuk, Vice President of Business Development at Genesis Fertilizers.

Drabiuk added that the planned Tisdale SuperCenter will be an advanced fertilizer distribution hub, capable of rapidly loading a significant quantity of blended product in under 8 minutes. Like other planned Genesis Fertilizers SuperCenters, the Tisdale center will also employ cutting-edge technologies, including automation, to minimize loading and unloading times. An indoor loading facility is also being planned to ensure product quality even in the most extreme weather conditions.

The Tisdale SuperCentre is expected to be located in the RM of Tisdale Agriculture Industrial Park on the west side of the Town site off HWY 3. Brett Casavant, CEO of C-Merak, believes in the importance of bringing new projects to Tisdale. “Our team is excited to work with Invest Tisdale and Genesis Fertilizers. The Genesis Fertilizers project is a natural fit for the agriculture park and will help to support expanded investment into road, rail, and utility infrastructure.”

Genesis Fertilizers plans to host an open house in Tisdale following the 2023 harvest season, providing farmers an opportunity to engage with Genesis Fertilizers’ leadership team and agri-business experts, to deepen their understanding of the project.

About

https://genesisfertilizers.com/

Rhonda Ekstrom
(306) 540 8850
www.c-merak.ca

In the interest of providing the limited partners of Genesis Fertilizers Limited Partnership (“Genesis Fertilizers”) information regarding Genesis Fertilizers, this news release contains certain information and statements (“forward-looking statements”) that constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future results or events, are based upon internal plans, intentions, expectations and beliefs, and are subject to risks and uncertainties that may cause actual results or events to differ materially from those indicated or suggested therein. All statements other than statements of current or historical fact constitute forward-looking statements. Forward-looking statements are typically, but not always, identified by words such as “anticipate”, “estimate”, “expect”, “intend”, “forecast”, “continue”, “contemplate”, “propose”, “may”, “will”, “should”, “believe”, “plan”, “target”, “objective”, “project”, “potential” and similar or other expressions indicating or suggesting future results or events.

Forward-looking statements are not promises of future outcomes. There is no assurance that the results or events indicated or suggested by the forward-looking statements, or the plans, intentions, expectations or beliefs contained therein or upon which they are based, are correct or will in fact occur or be realized (or if they do, what benefits Genesis Fertilizers may derive therefrom). In particular, but without limiting the foregoing, this news release contains forward-looking statements pertaining to: the construction of the fertilizer plant; securing land for its location; the construction of the distribution facilities and the number thereof, anticipated benefits to the limited partners of Genesis Fertilizers; prospective employment matters relating to the construction and operation of the Tisdale SuperCenter; anticipated competitive advantages and efficiencies of the Tisdale SuperCenter; majority ownership of the proposed fertilizer plant by Canadian farmers;  and benefits to Genesis Fertilizers stakeholders. With respect to the forward-looking statements contained in this news release, Genesis Fertilizers has assessed material factors and made assumptions regarding, among other things: the availability of equity capital; the availability of debt financing at acceptable rates; commodity prices and currency exchange rates; the ability to successfully construct the fertilizer plant and the distribution facilities and the availability of materials and service providers therefor; operational matters with respect to the proposed plant and distribution facilities, all of which are currently in the planning stage; the timely receipt of required regulatory approvals; the access, economic, regulatory and physical limitations to which Genesis Fertilizers may be subject from time to time; and the impact of industry competition.

The forward-looking statements contained herein reflect management’s current views, but the assessments and assumptions upon which they are based may prove to be incorrect. Although Genesis Fertilizers believes that its underlying assessments and assumptions are reasonable based on currently available information, undue reliance should not be placed on forward-looking statements, which are inherently uncertain, depend upon the accuracy of such assessments and assumptions, and are subject to known and unknown risks, uncertainties and other factors, both general and specific, many of which are beyond Genesis Fertilizers’ control, that may cause actual results or events to differ materially from those indicated or suggested in the forward-looking statements. As Genesis Fertilizers is currently in the capital raising phase of the project, such risks and uncertainties are numerous and include, but are not limited to, access to the significant amounts of required capital and debt financing for construction and initial operation of the fertilizer plant and distribution facilities; general economic, business and industry conditions; the state of the economy and the agricultural crop input business; business prospects and opportunities; variance of Genesis Fertilizers’ actual capital costs versus projections and estimates, operating costs and economic returns from those anticipated; and risks related to the sourcing of feedstock and the manufacturing of urea fertilizer.

This press release is not a solicitation to invest in Genesis Fertilizers.