TSXV:SAGE - Post Discussion
Post by
MarketMakerss on Jun 27, 2023 4:51pm
Uptick in US volume for SGPTF today
With an impressive inferred resource of 279.5 million tons of potash, valued at over $18 billion, Sage Potash (SGPTF SAGE.v) is developing the largest potash deposit in the US near pilot production to establish a domestic supply in the US and reduce dependence on imports which currently fulfill 94% of the nations potash needs.
In recent news, Sage unveiled the formation of a US subsidiary, Sage Lithium Corp. Operating as an independent entity, the subsidiary will explore additional revenue opportunities and conduct testing for lithium and other soluble saline minerals within Sage's existing private mineral lease portfolio.
This strategic decision is based on Sage's analysis of historical records derived from drilling activities in the Paradox Formation which indicate a strong possibility of intersecting super-saturated brines containing a diverse range of valuable minerals as multi-commodity brines are known to occur within the basin including lithium, bromine and potassium.
Sage Potash CEO, Peter Hogendoorn, commented "Using SQM (Sociedad Quimica y Minera de Chile S.A.) as a model, which can be considered either the world's lowest cost lithium producer or potash producer, management believes there is a significant opportunity to leverage both the geology and its lease rights to add considerable shareholder value for multiple complementary mineral development streams, or as an eventual company spin-off."
Posted on behalf of Sage Potash Corp.
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