Potash, a crucial fertilizer for global food production, gains significance as sustainable agriculture grows. The United States relies on imports for potash, with only one domestic producer meeting about 6% of the demand.
Sage Potash Corp. (TSXV: SAGE | OTCQB: SGPTF) focuses on potash resources and recently announced that it is also venturing into lithium.
SGPTF holds private mineral leases in Utah's Paradox Basin, known as the Sage Plain Project. The company aims to start potash production within 1-2 years and it also has lithium, and other saline mineral extraction rights for the project.
With nearly 90,000 acres in the Paradox Basin, Sage Potash is working on potash resource development and exploring lithium to capitalize on its role in the global energy transition.
To do this SGPTF created Sage Lithium Corp., a 100% owned US subsidiary, which will conduct tests for valuable minerals in their mineral lease portfolio, including lithium, boron, bromine, and potassium.
The company's goal is to show that the Sage Plain Project has lithium and boron resources similar to nearby Anson Resources Limited's (OTCQB: ANSNF) project which has a 530 MT indicated resource grading 123 ppm Li and 3,474 ppm Br.
Exciting times lie ahead for SGPTF with its focus on potash and lithium exploration and potential for significant growth.
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.