The global Potash Fertilizer Market is expected to grow at a CAGR of 4% from $25.1B in 2022 to $34.4B in 2030 according to Global Industry Analyst.
The USA is the world's top agricultural exporter and 3rd biggest agricultural producer. With this the country consumes 27% of the world's potash fertilizers. However the US currently only produces 5% of the potash that it uses, importing the rest.
Sage Potash Corp (TSX.V: SAGE) aims to become a major domestic producer of Potash in the US. The company controls 83,000 acres in Utah's Paradox Basin. The Paradox Basin is estimated to host about 28% of the US' potash resources which is about 2 billion tons of potash.
SAGE's flagship potash project, Sage Plain, is thought to be the largest untapped potash deposit in the US, having an inferred resource of 280 million metric tonnes.
Intrepid Potash Inc.'s Cane Creek mine is also in the Paradox basin and has been in operation for 60 years. The long and ongoing production life of the Cane Creek mine underscored the potential longevity and productivity of the Sage Plain project.
SAGE's leadership also boasts an impressive caliber of expertise. Peter Hogendoorn, the CEO, brings 30 years of experience in financing public and private junior mining companies. President Pat Avery has 30 years of experience in petroleum, chemicals, mining, fertilizer, and construction/project management, and has previously served as the President of Intrepid Potash. SAGE's COO and directors are also highly experienced in mining and resource extraction.
Learn more about SAGE and how it is poised to take advantage of America's growing potash production shortfalls here: https://www.benzinga.com/markets/commodities/23/04/31892877/americas-growing-potash-production-shortfall-is-welcomed-by-newly-listed-exploration-company Posted on behalf of Sage Potash Corp.