SGPTF's (SAGE.v) Sage Plain Potash Project The United States has an annual demand for potash exceeding 9 million tons. However, domestic production falls significantly short, producing less than 500,000 tons per year, thereby creating a heavy reliance on global sources such as Canada, Russia, and Belarus.
Sage Potash Corp (OTC: SGPTF TSXV: SAGE) is committed to establishing itself as a prominent player in the US potash industry, recognizing the critical need for domestic supply. With rising costs of fertilizer and food, achieving self-sufficiency has become increasingly crucial as the US currently heavily relies on other countries for its potash supply.
SGPTF held its gains today putting it up 7.44% over the last 5 days.
At the heart of SGPTF's aspirations lies the Sage Plain Potash Project, which is home to what is believed to be the largest untapped potash deposit in the United States. With an estimated inferred resource of 280 million metric tonnes, the project possesses an immense reserve that can sustain production for decades. Its favorable formation temperature and high potash purity make it an ideal candidate for advanced and sustainable mining methods.
SGPTF is diligently preparing for a Phase 1 Drill Hole Program and the development of a Preliminary Economic Assessment (PEA) for the property. These strategic initiatives align with SGPTF's vision of bolstering the growth of the American potash industry and ensuring long-term domestic supply.
To learn more about SGPTF check out their website here: https://sagepotash.com/ Posted on behalf of Sage Potash Corp.