The potash industry is a thriving sector of the Canadian economy. Canada is one of the world’s largest producers of potash, with the majority of production coming from Ontario and Saskatchewan.
In recent years, the Toronto Stock Exchange (TSX) and the TSX Venture Exchange (TSXV) have seen an influx of potash-focused companies looking to invest and take advantage of the booming industry.
With that in mind, here are five of the top TSX and TSXV potash companies as of 2021:
1. Nutrien: Nutrien is one of the world’s largest producers and distributors of potash and nitrogen-based fertilizer products. The company operates 12 mine sites, 21 fertilizer manufacturing facilities, and 1,500 retail sites in Canada and elsewhere. Nutrien is traded publicly on both the TSX and New York Stock Exchange (NYSE).
2. K+S Potash Canada: K+S Potash Canada is one of the world’s leading producers of potash. The company operates two potash producing mines in Saskatchewan, as well as three chemical plants. K+S Potash Canada is traded exclusively on the TSX.
3. Phoenix Potash: Phoenix Potash is a Canadian potash exploration and development company focused on exploiting potash resources in Saskatchewan. The company is currently listed on the TSXV.
4. Avalon Advanced Materials: Avalon Advanced Materials is a specialty mineral producer with a focus on potash. The company is listed on the TSXV and operates potash produiction projects in Canada and the United States.
5. Intrepid Potash: Intrepid Potash is an integrated producer of potash and associated products in the United States. The company holds interests in multiple potash projects in New Mexico and Utah, and is listed on the NYSE.
The potash industry is expected to continue to expand, with new exploration projects and mines set to come online in Ontario and Saskatchewan in the years ahead. Investors looking for potash producers with solid fundamentals can look to these five TSX and TSXV potash companies as potential targets.