Potash is a crucial fertilizer that plays a vital role in bolstering global food production. As sustainable agriculture gains prominence, the significance of potash in nourishing crops and augmenting agricultural yields becomes more apparent than ever.
Despite potash's essential role, the United States heavily relies on imports to meet its potash demand, as the US has only one domestic producer which supply approximately 6% of the nation's needs.
In an effort to strengthen domestic potash production and reduce dependency on imports, Sage Potash Corp. (Ticker SGPTF or SAGE.v for Canadian Investors) is actively developing its Sage Plain Potash Project to become the nation's next domestic potash producer.
Sage Plain is located in Utah's Paradox Basin, an area estimated to hold an impressive 2 billion ton potash resources.
Encompassing an expansive 90,000 acres, the Sage Plain Project has an estimated combined resource of 279.5 million metric tonnes of Sylvinite Potash across both its upper and lower potash beds, as indicated in a comprehensive technical report.
SGPTF is currently engrossed in the preliminary engineering phase for its Phase 1 Drill Program and plans to unveil a PEA (Preliminary Economic Assessment), and pilot production program for the project.
Currently, feasibility studies are underway to ensure that the most economically viable development path is pursued at every stage.
SGPTF estimates that it can achieve potash production from Sage Plain within 1 to 2 years.
Company Website: https://sagepotash.com/ Posted on behalf of Sage Potash Corp.