TSXV:SAGE - Post Discussion
Post by
MarketMakerss on Nov 09, 2023 4:56pm
Increased Stability & Demand for Potash
Playing a vital role in national food security, potash enhances agricultural production and boosts crop yields; thus, it's becoming increasingly critical for the US to establish a domestic supply of potash to cut its reliance on Canada for 94% of its potash requirements.
Located amid this critical landscape, Sage Potash (SGPTF SAGE.v) has emerged as a promising player in the sector, well-positioned for rapid development with exceptional economic characteristics and a resource of 280 million tons.
Focused on developing a domestic source of potash to reduce dependence on international supply chains, Sage is focused on its Plains Project which spans over 88,000 acres of mineral leases and permit applications and encompasses 2 potash beds in Utah's Paradox Basin, a permit-friendly location known to host extensive under-developed world-class potash resources.
Based on a sustainable, low-risk approach with scalable production units of 150,000 tons per year over 15 to 20 years, Sage is aiming to expedite production within 1 to 3 years with a 50,000-tonne pilot project expected to begin in mid-2024.
By ensuring a secure supply of high-grade potash through its substantial resource, Sage is strategically positioned to satisfy a significant portion of the United States potash demand. This establishment of a local and reliable supply chain will safeguard North America against any unpredictable external factors that may arise.
Posted on behalf of Sage Potash Corp.
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