Padcom
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About Padcom
In the resource-rich lands of Western Manitoba, an idea took root: to develop the province's first-ever potash mine with a new economic model. This led to the formation of the Potash and Agri Development Corporation of Manitoba, or PADCOM. Led by President Daymon Guillas, the company secured mineral rights to a significant potash deposit near the hamlet of Harrowby. PADCOM’s approach was different from the start. Instead of conventional mining, they opted for a more technologically advanced and environmentally friendly selective solution mining process. This method involves injecting a heated brine solution deep underground to dissolve the potash, which is then pumped to the surface, leaving most of the salt behind and reducing the surface footprint. A significant chapter in PADCOM's journey has been its partnership with local Indigenous communities. The nearby Gambler First Nation became a 20% equity partner in the project, a move hailed as a step toward economic reconciliation. In February 2025, the company signed a historic royalty agreement with the Manitoba Métis Federation (MMF), granting the MMF a share of the project's revenue. After years of development and navigating the regulatory landscape, PADCOM received final provincial approval to commence commercial production in March 2023. With government support, including a loan to connect the mine to hydroelectric power, PADCOM is positioned to be a low-carbon fertilizer producer, aiming to build a sustainable operation for the benefit of the community and the province.
Source: Dealroom company dataKnowledge graph
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | Jun 2006 | $0 | — | Undisclosed | — |
| EARLY VC✓Equity / VC | Feb 2005 | $10M | $40M | Liberty Partners | — |
Growth signals
Latest recorded traffic for Padcom is 0 monthly website visits. Padcom's team grew 15% over the past year.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A1 investor entered at this stage
Liberty Partners
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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