New article on Sage Potash Corp (TSX.V: SAGE) According to Global Industry Analysts, the global Potash Fertilizer Market is expected to grow at a CAGR of 4% from $25.1B in 2022 to $34.4B in 2030. The USA presents a particularly good opportunity for the potash industry as the country is the World's top agricultural exporter, 3rd biggest agricultural producer and consumer of 27% of the world's potash fertilizers.
Despite America's high food production and potash consumption, the country currently imports about 95% of its potash.
As discussed in the article below, Sage Potash Corp (TSX.V: SAGE) is poised to take advantage of America's growing potash production shortfall.
https://www.benzinga.com/markets/commodities/23/04/31892877/americas-growing-potash-production-shortfall-is-welcomed-by-newly-listed-exploration-company
SAGE controls a large land portfolio in Utah's Paradox Basin, covering over 83,000 acres. Overall the Paradox Basin is estimated to host about 2 billion tons of potash resources by the US Geological Survey. This is approximately 28% of all potash resources in the US.
SAGE's flagship project, the Sage Plain Potash Project, inferred a resource of 280 million metric tonnes. With this, the project is thought to be the largest untapped potash deposit in the United States.
The Paradox Basin currently has only one potash mine, Intrepid Potash Inc.'s Cane Creek mine, which has been in operation for 60 years, indicating the significant potential for Sage Potash's project.
SAGE recently engaged RESPEC, Inc. as its Engineering Geoscience Partner to advance the project's cavern design, engineering, and Preliminary Economic Assessment (PEA). RESPEC has extensive experience in potash deposits globally.
Overall, Sage Potash is well-positioned to meet the growing potash demand in the US through its domestic supply, thanks to its short timeline to production and large potash land portfolio in a supportive jurisdiction. Posted on behalf of Sage Potash Corp.