Taking Advantage of the Lack of US Domestic Potash Supply Potash isn’t something that’s commonly considered when thinking about mining, but it’s one of the most essential resources on the planet due to its use as a fertilizer to support agriculture production and food security. And with the current demand in the US far outpacing domestic supply, there’s a significant opportunity in the industry for domestic production.
Taking advantage of this opportunity, $SAGE.V has started to develop a project spanning 85,000 acres in the Paradox Basin which is estimated to hold 2B tons of potash resource.
- Exploration has already yielded an inferred resource of 159.3 MMT, grading 42.67% KCl for the upper potash bed, and the lower bed with 120.2 MMT, graded at 35.77% KCl.
- The current production concept is scalable, environmentally friendly, and is cost-effective/quick to market.
- Management is extremely experienced in the industry and have track records of previous success and takeovers.
With a recent partnership with RESPEC reinitiated engineering preparations of a Phase 1 drilling program and the preparation of a PEA toward the development of a pilot potash production facility (https://ca.finance.yahoo.com/news/sage-potash-corp-partners-leading-123000501.html). With a valuation of just $23M and a significant amount of market potential to capitalize on as most of the US potash supply comes from overseas, there’s a lot to look out for here as $SAGE.V continues to develop their project in the Paradox Basin.
Posted on behalf of Sage Potash Corp.