Set to establish a domestic supply of potash in the US and reduce reliance on imports which currently satisfy 94% of the nations potash needs, Sage Potash (SGPTF SAGE.v) is developing the larget potash deposit in the US with an impressive inferred resource of 279.5 million ton potash, valued at over $18 billion.
Sage recently unveiled its establishment of a US subsidiary, Sage Lithium Corp. The subsidiary will operate as an independent entity, exploring additional revenue opportunities within Sage's existing private mineral lease portfolio by testing for lithium and other soluble saline minerals
Based on Sage's analysis of historical records derived from drilling activities in the Paradox Formation which indicate a strong possibility of intersecting super-saturated brines containing a diverse range of valuable minerals as multi-commodity brines are known to occur within the basin including lithium, bromine and potassium, this strategic decision for the company.
Sage Potash CEO, Peter Hogendoorn, commented "Using SQM (Sociedad Quimica y Minera de Chile S.A.) as a model, which can be considered either the world's lowest cost lithium producer or potash producer, management believes there is a significant opportunity to leverage both the geology and its lease rights to add considerable shareholder value for multiple complementary mineral development streams, or as an eventual company spin-off."
For more information on the subsidiary, check out this recap from Sage: https://www.youtube.com/watch?v=Qn2Gn-bDtyc&t=4s&ab_channel=SagePotashCorp.
Posted on behalf of Sage Potash Corp.