Nutrien's expected potash production has been curtailed due to the loss of export capacity at the Port of Vancouver, raising concerns for agricultural development in the US. As the US currently exports 94% of its potash requirements from Canada, this poses a critical issue for agricultural development in the States. (Source: https://www.worldfertilizer.com/potash/20072023/nutrien-announces-potash-production-curtailments-due-to-vancouver-port-strike/)
Focused on accelerating US self-sufficiency and reducing import dependence, Sage Potash (SGPTF SAGE.v) is developing the Plains Project in Utah's Paradox Basi, the largest potash deposit in the US.
With a PEA to be released in the second half of 2023, Sage's Plains Project holds immense promise with a substantial inferred resource of 279.5 million ton potash and an in-situ valuation of $18 billion, as well as the potential for lithium Initial projections indicate a production capacity of 50,000 tonnes per year with plans to scale up to 150,000 tonnes over the course of two decades.
Considering the crucial roles that potash and lithium in various modern applications, as a vital component in fertilizer and essential green metal for the global energy transition respectively, Sage holds substantial potential for the industries.
It's additionally worth noting that, Sociedad Quimica y Minera de Chile S.A (SQM), a leading global potash and lithium producer, has a market cap of US$22.3B, underscoring the substantial opportunity that lies ahead for Sage.
For a more in-depth insight into Sage's potential to follow in the footsteps of SQM, check out this Investor Intel article: https://investorintel.com/critical-minerals-rare-earths/sage-potash-expands-into-lithium-exploration-within-the-paradox-basin-in-utah-usa/
Posted on behalf of Sage Potash Corp.