Sage Potash Corp. (Ticker: SGPTF or TSXV: SAGE) recently announced the establishment of its subsidiary, Sage Lithium Corp., marking a significant milestone in the company's growth strategy.
Sage Potash holds private mineral leases in the Paradox Basin, granting exclusive rights to extract potash, lithium, and other saline minerals.
Sage Lithium will focus on testing and analyzing lithium and other soluble saline minerals within the brine hosting strata covered by Sage Potash's private mineral lease portfolio in the Paradox Formation (aka its Sage Plain Property).
This strategic decision is supported by historical records from oil, gas, and potash wells drilled in the Paradox Formation, indicating the presence of super-saturated brines with concentrations of valuable minerals.
The Paradox Formation has attracted the attention of numerous lithium exploration companies, highlighting the potential of brine-bearing strata in the region. Anson Resources (OTC: ANSNF), for instance, has reported plans to develop its significant lithium resource in the northern part of the Paradox Basin.
Click here for more info on Sage Potash and its new lithium subsidiary: https://sagepotash.com/sage-potash-announces-formation-of-u-s-subsidiary-sage-lithium-corp/ Posted on behalf of Sage Potash Corp.