The United States, with its substantial agricultural industry, faces a significant shortfall in domestic potash production compared to its annual demand of over 9 million tons. Currently, domestic production falls below 500,000 tons per year, leading to heavy reliance on global sources such as Canada, Russia, and Belarus to meet the country's potash needs.
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Recognizing the critical importance of establishing a reliable domestic supply, Sage Potash Corp (Ticker: SGPTF TSXV: SAGE) has positioned itself as a key player in the US potash industry, aiming to reduce the nation's dependence on global sources.
Sage Potash has made a significant potash discovery within the United States, with its Sage Plain Project.
The company is actively preparing for a Phase 1 Drill Hole Program and the development of a Preliminary Economic Assessment (PEA) for the project. These initiatives are designed to support Sage Potash's vision of bolstering the growth of the American potash industry, ensuring a sustainable and secure supply for the nation's agricultural sector.
Overall, Sage Potash's endeavors align with the urgent need to address the US potash shortage, positioning the company as an attractive investment opportunity that combines financial gains with the vital objective of securing the nation's agricultural future.
Check out Sage's deck for more info here: https://sagepotash.com/wp-content/uploads/2023/05/Sage-Potash-Corp-Investor-Presentation-14th-June-2023.pdf Posted on behalf of Sage Potash Corp.