Potash Fertilizer for Global Food Production
Potash, derived from plant or wood ash, plays a crucial role as a fertilizer in supporting global food production. As the demand for sustainable agriculture grows, the significance of potash in nourishing crops and boosting agricultural yields becomes increasingly evident.
Despite this, the United States currently relies on imports to meet its potash demand, with only one domestic producer, Intrepid Potash, meeting about 6% of the nation's needs.
Meet Sage Potash Corp.
Sage Potash Corp. (TSXV: SAGE | OTCQB: SGPTF) is a company that has primarily focused on potash resources but has recently ventured into the world of lithium as well. With private mineral leases in Utah's Paradox Basin, Sage Potash holds exclusive rights to extract not only potash and lithium but also other saline minerals and resources.
Notably Sage Potash has a short potash production timeline, expected to start production within 1-2 years.
Growth Potential and Milestones
Sage Potash Corp. boasts an extensive land portfolio of nearly 90,000 acres within the Paradox Basin of Southeast Utah, USA. With a good-sized resource already present for their potash project, the Sage Plain Project, the company is now focusing on the next steps for potash resource development, including preliminary engineering towards releasing a PEA, Feasibility Study, and pilot production.
The Quest for Lithium and Beyond
On June 26, 2023, Sage Potash made a significant move by establishing a 100% owned US subsidiary called Sage Lithium Corp. Sage Lithium's primary objective is to conduct thorough testing for lithium and other valuable soluble minerals within Sage Potash's private mineral lease portfolio.
More here: https://investorintel.com/critical-minerals-rare-earths/sage-potash-expands-into-lithium-exploration-within-the-paradox-basin-in-utah-usa/ Posted on behalf of Sage Potash Corp.