On track to deliver the US with its own domestic supply of potash, a vital component of fertilizer due to its ability to boost crop yields, Sage Potash's (SGPTF SAGE.v) Plains Project is the largest potash deposit in the US that is close to pilot production and has the potential to be a Tier 1 deposit.
Consisting of over 88,000 acres of mineral leases and permit applications in Utah's Paradox Basin, known to host extensive underdeveloped world-class potash resources, the value of the project's inferred 279.5million ton potash resource is equal to over $18 billion at the current pricing of $645/ton.
Now trading on the OTCMKTS with the ticker SGPTF, SAGE has a PEA for its Plains Project expected in the second half of 2023 with pilot production to follow in 1-2 years. The project is expected to initially produce 50,000 tonnes per year followed by a scaling up to 150,000 tonnes per year for 20 years.
As the US currently imports 94% of its potash requirements from Canada, this is a significant market opportunity for SAGE as they are positioned to satisfy a large portion of the US potash demands.
Check out the top 10 reasons to invest in Sage and its substantial resource in the article, "Secure the Future of Food: Investing in Sage Potash": https://cleantechstocks.com/sagepotash
Posted on behalf of Sage Potash Corp.