Expanded reach with new listing With the aim of establishing a domestic supply of potash in the US, Sage Potash (SGPTF SAGE.v) is developing the largest potash deposit in the US, the Plains Project. Holding a remarkable inferred resource of 279.5 million ton potash, the insitu valuation is $18 billion.
Yesterday, Sage announced its approval to commence trading on the OTCQB Venture Market today under the ticker symbol SGPTF!
Sage CEO, Peter Hogendoorn, commented: "This significant development aligns with our capital markets strategy and is expected to enhance the efficiency, ease, and affordability of trading our stock for a broad range of investors across North America. It is a crucial milestone for our company, considering our involvement in the exploration and development of what could be one of the largest potash deposits in the United States."
The highly anticipated Plains Project PEA is set to be released in the second half of 2023 with initial projections indicating a production capacity of 50,000 tonnes per year with plans to scale up to 150,000 tonnes over a span of 20 years. Notably, this project aims to reduce the US dependence on imports, which currently fulfill 94% of the nations potash requirements.
For more information, check out the latest news release: https://www.newswire.ca/news-releases/sage-potash-begins-trading-on-otcqb-under-symbol-sgptf-amp-receives-dtc-eligibility-856920461.html
Posted on behalf of Sage Potash Corp.