The US has an annual demand for potash of over 9 million tons, while domestic production is less than 500,000 tons, making the country dependent on global sources like Canada, Russia, and Belarus.
CleanTech Stocks recently featured Sage Potash Corp (Ticker: SAGE.v) as an investment opportunity that combines both securing the future of US potash production and financial returns.
Read here: https://cleantechstocks.com/sagepotash
The article highlights that Sage has made a significant potash find in the US with its Sage Plain Potash Project. It also lists the top 10 reasons to invest in Sage Potash including the company's market cap, lower capital expenditure, demand for potash, low shipping costs, project resource and economic estimate, environmental practices, comparables, and more.
Although Sage currently has a market cap of $13 million, the in-situ value of their inferred potash resource, based on current pricing, is over $18 billion. Sage Potash is a newly listed small-cap company, but it has a clear path to production. Comparatively, the only current US producer, Intrepid Potash, has a market cap of $265 million, while global giants like Nutrien and SQM have market caps between $18-30 billion.
With drill permits already in process, Sage Potash expects to have their initial pilot plant operating within 12 months. They have plans for rapid expansion and can utilize debt financing for much of the expansion.
Perhaps most importantly, the company has a possible catalyst incoming as it is set to release its PEA in the coming weeks. This will also provide investors with an in-depth analysis of the mine's economics.
Make sure to check out the article for more information. Posted on behalf of Sage Potash Corp.