What shares of Nutries & Mosaic rebounding means for Sage According to equity research analyst in fertilizers and chemicals Joel Jackson from BMO Capital Markets, the potash market has reached a turning point, with all markets showing an increase in buying: https://www.bnnbloomberg.ca/video/cheaper-potash-deal-signals-bottom-is-in-analyst-actions~2702873
Jackson additionally details why shares of Nutrien and Mosaic rebounded after a pre-market drop caused by their JV signing a contract with China at lower-than-expected prices.
This development prompts an exploration of other companies in the industry, including Sage Potash (SGPTF SAGE.v) and its transformative approach to the potash industry.
Aiming to establish a domestic supply in the US, Sage is focused on reducing dependence on imports from Canada which currently fulfill 94% of the nations potash needs.
With a modest market cap of only USD$13M, Sage's Plains Project has the potential to be a Tier 1 deposit and stands out as the largest potash deposit in the US near pilot production with an impressive inferred resource of 279.5 million ton potash,
Located in Utah's Paradox Basin, renowned for its abundant and underdeveloped world-class potash resources, the project holds significant value, with the resource exceeding an $18 billion valuation based on the current pricing of $645/ton.
Anticipation is high for the projects PEA, expected in the second half of 2023, as initial projections indicate a production capacity of 50,000 tonnes per year with plans to scale up to 150,000 tonnes over a span of 20 years.
For more information on Sage, check out their website for more: https://sagepotash.com/
Posted on behalf of Sage Potash Corp.