As the US currently imports 94% of its potash requirements from Canada, it's critical for the US to develop its own domestic supply of potash to ensure food security - Now trading on the OTCMKTS with the ticker SGPTF, Sage Potash is one company on track to take advantage of this opportunity.
Check out this informative article from InvestorIntel about the sector and how Sage Potash is strategically positioned to capitalize: https://investorintel.com/critical-minerals-rare-earths/sage-potash-seeks-to-address-supply-chain-security-and-sustainability-with-domestic-us-production/
Consisting of over 88,000 acres of mineral leases and permit applications in Utah's Paradox Basin, known to host extensive underdeveloped world-class potash resources, SAGE's Plains Project is the largest potash deposit in the US that is close to pilot production and has the potential to be a Tier 1 deposit with 2 potash beds and an inferred resource of 279.5 MMT high-grade potash.
With pilot production expected within 1-2 years, the project's substantial resource is expected to initially produce 50,000 tonnes per year followed by a scaling up to 150,000 tonnes per year for 20 years.
With a PEA expected in the second half of 2023, SAGE has partnered with RESPEC to reinitiate engineering preparations to execute a Phase 1 Drill Hole Program, aiming to develop a pilot potash production facility.
By establishing a local and reliable supply chain, protecting North America from unpredictable external factors, 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.
For more information, check out this video from SAGE CEO: https://www.youtube.com/watch?v=t-hQfr6-Tig&ab_channel=SagePotashCorp.
Posted on behalf of Sage Potash Corp.