Sage Potash Corp V.SAGE

Enhanced US self-sufficiency to reduce dependence

[MarketMakerss]

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

Latest News Release: https://www.newswire.ca/news-releases/sage-potash-corp-announces-non-brokered-private-placement-857461294.html

Posted on behalf of Sage Potash Corp.