A vital component in fertilizer and in ensuring our food supply is potash, a potassium-rich compound with the ability to boost crop yields and balance crop productivity.
The US currently imports 94% of its potash requirements from Canada, with 40% of the world's total potash supply coming from Russia and Belarus.
With the current events including sanctions against Russia and Belarus as well as record low Mississippi River levels disrupting the US supply chain, it's critical for the US to develop its own domestic supply of potash in order to ensure food security.
Sage Potash (SAGE.v) is one company that is seeking to address supply chain security and sustainability with its focus on domestic US production of potash.
With over 88,000 acres of mineral leases and permit applications, SAGE is on track to achieve a short-timeline to its initial pilot plant production in 1-2 years with initial production hitting 50,000 tonnes per year, later scaling up to 150,000 tonnes per year for 20 years.
SAGE is strongly positioned to satisfy a significant portion of US potash demands in delivering a secure line of supply with its large-scale, high-grade potash resource due to its extensive resource located in Utah's Paradox Basin (known to host extensive underdeveloped world-class potash resources).
For more information, check out Investor Intel's deep dive into SAGE:
https://investorintel.com/critical-minerals-rare-earths/sage-potash-seeks-to-address-supply-chain-security-and-sustainability-with-domestic-us-production/
Posted on behalf of Sage Potash Corp.