Potash, a critical component in fertilizer production, is well recognized for its role in enhancing crop yield, quality, and resilience to pests. Without a reliable supply of potash, agriculture and food production would be severely impacted. Sage Potash Corp (TSX.V: SAGE) is a newly listed company that is looking to become a leading potash supplier in the US.
SAGE controls the Sage Plain Potash Project which spans over 88k acres and is thought to be the largest untapped potash deposit in the United States. A technical report of the project estimates that it has a combined resource of 279.5 million metric tonnes of Sylvinite Potash in its upper and lower potash beds.
Sage Plain is strategically located in Utah's Paradox Basin. The basin is known for its abundant world-class potash resource, estimated to be a staggering 2 billion tons, underscoring the immense potential of the Sage Plain project.
SAGE's CEO, Peter Hogendoorn, recently went on the InvestorIntel YouTube Channel (10.7k subscribers) to talk about the company and its Sage Plain Project. Hogendoorm explains how the Project could help the US market save $150-225 per ton in transportation costs and how it is the largest deposit close to production in the country.
Hogendoorn also makes great points about how geopolitical conflict is threatening America's potash and therefore food supply. 40% of the global supply of potash is going offline because of sanctions on Russia and Belarus, and the US produces only about 3% of its own potash requirements.
The video also contains information about the company's upcoming drill program, progress on a preliminary economic assessment, and plans to establish a pilot plant in 2024.
Make sure to give it a watch here:
Posted on behalf of Sage Potash Corp.