As the global population continues to grow, the demand for sustainable agricultural practices is increasing. Potash, a potassium-rich compound, plays a crucial role in improving crop yield, quality, and resilience to diseases and pests. Since 2001, Potash demand has had an annual
growth rate of 2.5% to 3%. Currently, the US imports 95% of its potash supply.
Sage Potash Corp (TSX.V: SAGE) is investing in potash reserves to secure the US food supply while minimizing environmental impact.
SAGE controls over 90,000 acres of mineral leases in the Paradox Basin, an area in Utah which is known to host large world-class potash resources. Its flagship project, the Sage Plain Property, is potentially the largest untapped potash deposit in the United States.
Based on historical exploration, the property has identified an inferred resource of 159.3 million metric tonnes of potash with a grade of 42.67% KCl for its upper potash bed, and 120.2 million metric tonnes with a grade of 35.77% KCl for its lower potash bed.
SAGE recently partnered with RESPEC to initiate a Phase 1 Drill Hole Program and prepare a Preliminary Economic Assessment (PEA) for the Sage Plain Property. The PEA will serve as a blueprint for the development of a pilot potash production facility, outlining the economic viability and potential for potash production at the site.
Check out SAGE's deck here for more info: https://sagepotash.com/wp-content/uploads/2023/04/Sage-Potash-Corp-Investor-Presentation-April-13th-2023-1.pdf Posted on behalf of Sage Potash Corp.