Sage continuing to make significant strides in the industry It's becoming increasingly critical for the US to establish a domestic supply of potash, a vital nutrient for agricultural productivity, as the US currently relies on imports from Canada for 94% of its potash requirements, creating a significant market opportunity.
By developing a domestic potash source, Sage Potash (SGPTF SAGE.v) is aiming to enhance the nation's self-sufficiency and reduce dependence on external sources. With a significant inferred resource of 279.5 million ton potash and in-situ valuation of $18 billion, Sage is developing the largest potash deposit in the US, the Plains Project.
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.
In recent news, Sage announced its listing on the OTCQB Venture Market today under the ticker symbol SGPTF as well as the formation of a US subsidiary, Sage Lithium Corp to exploring additional revenue opportunities within its existing private mineral lease portfolio.
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.