Combatting supply chain insecurity Not only does 40% of the world's potash supply comes from Russia and Belarus, the US currently imports 94% of its potash requirements from Canada.
Given potash is a potassium-rich compound with the ability to boost crop yields and balance crop productivity, it is a vital component in fertilizer and in ensuring our food supply.
Current events including the sanctions against Russia and Belarus, combined with record low Mississippi River levels disrupting the supply chain, have made it critical for the US to develop its own domestic supply of potash in order to ensure food security.
With over 88,000 acres of mineral leases and permit applications, Sage Potash (SAGE.v) is one company that is seeking to address supply chain security and sustainability with its focus on domestic US production of potash.
SAGE is on track to achieve a short-timeline to its initial pilot plant production in 1-2 years with initial production hitting 50,000 tonnes per year, later scaling up to 150,000 tonnes per year for 20 years.
By delivering a secure line of supply with its large-scale, high-grade potash resource due to its extensive resource located in Utah's Paradox Basin (known to host extensive underdeveloped world-class potash resources), SAGE is strongly positioned to satisfy a significant portion of US potash demands b
For more information, check out Investor Intel's deep dive into SAGE:
https://investorintel.com/critical-minerals-rare-earths/sage-potash-seeks-to-address-supply-chain-security-and-sustainability-with-domestic-us-production/
Posted on behalf of Sage Potash Corp.