As the US currently imports 94% of its potash requirements from Canada, Sage Potash's (SGPTF SAGE.v) inferred 279.5 million ton potash resource puts them on a path to deliver the US with its own domestic supply.
With only a USD$13M market cap, the value of SAGE's Plain Project resource is equal to over $18 billion at the current pricing of $645/ton and 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 PEA for SAGE's Plains Project is 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.
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.