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Sage Potash Corp SGPTF


Primary Symbol: V.SAGE

Sage Potash Corp. is a Canada-based mineral exploration company. The Company is focused on locating and developing economic mineral properties. The Company holds a mineral lease located in the State of Utah which comprise the Property. Its property includes Sage Plain Potash Property, which is located approximately 56 miles south of the Cane Creek mine and in the heart of the Paradox Basin. The Property is situated in southeastern Utah in San Juan County, near the Utah/Colorado border. The Property encompasses approximately 6,538 acres (2,282 hectares) of Utah State Potash Mineral leases, plus additional lands under private lease.


TSXV:SAGE - Post by User

Sage Potash Corp
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Post by MarketMakersson Jul 12, 2023 10:48am
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Post# 35537337

Enhanced US self-sufficiency to reduce dependence

Enhanced US self-sufficiency to reduce dependence
Aiming to enhance the US' self-sufficiency and reduce dependence on imports, Sage Potash (SGPTF SAGE.v) is developing the Plains Project located in Utah's Paradox Basin which has an inferred resource of 279.5 million ton potash and in-situ valuation of $18 billion.

As the largest potash deposit in the US, the highly anticipated Plains Project PEA is set to be released in the second half of 2023. 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.

Yesterday, Sage announced a non-brokered private placement for aggregate gross proceeds of up to $1,500,000 which will be allocated towards operational costs, permitting, drill casing deposits, equipment, and general working capital.

This news follows two other major milestones for Sage, with its listing on the OTCQB Venture Market under the ticker symbol SGPTF as well as the formation of a US subsidiary, Sage Lithium Corp to explore additional revenue opportunities within its existing private mineral lease portfolio.

For more information, check out this interview with Sage's CEO Peter Hogendoorn: https://www.youtube.com/watch?v=vT9zndRrzrU&ab_channel=StockTherapywithPennyQueen

Posted on behalf of Sage Potash Corp.

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