TSXV:SAGE - Post Discussion
Post by
MarketMakerss on Jul 18, 2023 4:17pm
Potential to follow in SQM's footsteps
In developing the Plains Project in Utah's Paradox Basin, Sage Potash (SGPTF SAGE.v) is aiming to enhance the US' self-sufficiency goals and reduce import dependency.
The Plains Project is a remarkable project, boasting an inferred resource of 279.5 million ton potash and an in-situ valuation of $18 billion, as well as the potential for lithium.
These are two major materials used in the modern world as potash is a critically important form of fertilizer used for global food production and lithium is a key green metal in the global energy transition.
To emphasize the massive opportunity here, global leading potash and lithium producer Sociedad Quimica y Minera de Chile S.A (SQM) has a market cap of US$22.3B
Positioned as the largest potash deposit in the US, the highly anticipated Plains Project PEA is expected to be released in the second half of 2023.
Notably, initial projections indicate a production capacity of 50,000 tonnes per year with plans to scale up to 150,000 tonnes over a span of 20 years.
Posted on behalf of Sage Potash Corp.
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