Sage Potash Corp. (SGPTF or SAGE.v for Canadian investors) recognizes the global significance of potash as a crucial nutrient for food production, especially with a growing domestic and global population.
The company is strategically focused on developing a substantial potash deposit in Utah to enhance national food security in the United States.
With a potash resource, the Sage Plain Potash Project, estimated at 280 million tons and has exceptional economic characteristics, Sage Potash aims to establish a U.S.-based source of potash, reducing dependence on international supply chains.
SGPTF has a geologically low-risk approach, scalable production goals, and a unique development strategy involving small-scale, de-risked production on a short timeline. The company aims to expedite production within 1 to 3 years, emphasizing efficiency and risk mitigation.
The company is committed to shareholder interests, with 63% ownership held by retail investors. The focus is on long-term value creation, aiming to become a billion-dollar asset and an attractive acquisition target, providing an exit strategy for investors and long-term security for American farmers.
Earlier this week SGPTF shared that it is working with the investment bank ACP Capital Markets as its exclusive financial advisor.
ACP will assist SGPTF in achieving its near-term financing goals for the Sage Plains Potash Project in Utah.
The partnership aims to secure funding for the project's development, including drilling geological wells and establishing a pilot potash recovery plant with a production capacity of 20,000 to 50,000 TPY.
This news indicates that SGPTF is doubling down on its plans to develop the Sage Plains Potash Project. Overall, the partnership with ACP Capital Markets is seen as a significant step towards realizing the full potential of the project, demonstrating the company's dedication to its successful execution.
Full news here: https://sagepotash.com/sage-potash-announces-engagement-of-connecticut-based-investment-bank-acp-capital-markets-as-exclusive-financial-advisor/
Posted on behalf of Sage Potash Corp.