Set to establish a domestic supply of potash in the US, Sage Potash (SGPTF SAGE.v) is developing the largest potash deposit in the US, the Plains Project, with an impressive inferred resource of 279.5 million ton potash ($18 billion insitu valuation).
Today, Sage announced its approval to commence trading on the OTCQB Venture Market today under the ticker symbol SGPTF!
Additionally, Sage's common shares are now eligible to be electronically cleared and settled in the US through the DTC, making the shares more accessible to investors in the US.
Sage CEO, Peter Hogendoorn, commented: "This significant development aligns with our capital markets strategy and is expected to enhance the efficiency, ease, and affordability of trading our stock for a broad range of investors across North America. It is a crucial milestone for our company, considering our involvement in the exploration and development of what could be one of the largest potash deposits in the United States."
In reducing US reliance on imports which currently satisfy 94% of the nations potash needs, anticipation is high for the Plains Project PEA, expected in the second half of 2023, as the initial projections indicate a production capacity of 50,000 tonnes per year with plans to scale up to 150,000 tonnes over a span of 20 years.
For more information, check out the latest news release: https://www.newswire.ca/news-releases/sage-potash-begins-trading-on-otcqb-under-symbol-sgptf-amp-receives-dtc-eligibility-856920461.html
Posted on behalf of Sage Potash Corp.