Sage Potash | INN

Evaluate

Potash is an integral part for rising the meals you consume on a daily basis. This can be a potassium-rich mineral that helps the worldwide agriculture business. Kind of 95 p.c of all potash is utilized in fertilizers to advertise plant expansion, spice up crop yields, and construct illness resistance. Consequently, potash is an important device to struggle meals lack of confidence — a state of affairs that is affecting 800 million other folks international — by way of making sure the most efficient imaginable yield of each and every crop.

America is the biggest world client of this potassium-rich mineral, but it imports 93 p.c of its potash. Except for for Canada, lots of the international’s potash comes from high-risk jurisdictions, akin to Belarus, China, and Russia. The COVID-19 pandemic has make clear the flaws of the just-in-time (JIT) provide chain that many agricultural firms rely on for potash shipments, resulting in a realization that the United States agricultural sector wishes to extend its home manufacturing of potash dramatically.

Sage Potash (TSXV:SAGE,OTCPINK:SGPTF) is a Canadian corporate vested only within the Sage Undeniable Assets and intends, thru sustainable mining ways, to change into a outstanding home potash manufacturer throughout the Paradox Basin in Utah.

The underrated mineral has a low-risk value cycle due to its consumable nature within the agricultural business, and the corporate plans to offer the consistent call for for the mineral. An skilled control workforce leads the corporate against creating its world-class asset in Utah.

The corporate’s flagship mission, Sage Undeniable Potash Assets, is situated within the Paradox Basin, doubtlessly containing kind of two billion heaps of potash., in addition to tremendous saturated (40 p.c minerals, 60 p.c water) multi-commodity brines containing precious minerals together with Lithium, Bromine and Potassium. Utah is a mining-friendly jurisdiction with a gentle provide of professional employees. As well as, the mission has a strong infrastructure that incorporates highway and electrical energy get admission to that facilitates sooner exploration and construction.

In 2023, Sage Potash obtained a potash land portfolio in Utah consisting of over 88,000 acres of state and personal mineral rentals and BLM prospecting allow programs. Earlier discoveries within the space come with drill holes with core samples figuring out two flat potash beds that includes excessive potash grades with favorable industrial traits. Inferred useful resource for higher potash mattress, cycle 18: 159.3 million metric tonnes (MMT), grading 42.67 p.c potassium chloride (KCl) with 0.01 p.c carnallite and zero.62 p.c insoluble. Inferred useful resource for decrease potash mattress, cycle 18: 120.2 MMT, grading 35.77 p.c KCl. The corporate targets to finish a step-out geological hollow that can additional outline the useful resource estimates and would possibly double as a imaginable cavern construction take a look at smartly, to advance initial engineering and PEA.

Sage Potash understands the significance of a good environmental, social and governance (ESG) score. Due to this fact, the corporate has embraced a contemporary means of potash mining that has considerably much less have an effect on at the surroundings than ancient strategies of mining the mineral.

Relatively than underground or strip mining, the corporate will use in-situ resolution extraction of potash-rich brine to the skin for sun or mechanical evaporation and granulation. The usage of this system, the corporate is getting ready an engineering plan for an preliminary manufacturing of 150,000 tonnes of potash consistent with 12 months. At the same time as, the corporate will proceed to amplify general useful resource estimates that may improve the possibility of elevating manufacturing to two to a few MMT/12 months.

In an interview, Sage Potash CEO Peter Hogendoorn mentioned the worth proposition of its mission’s location. “Utah is a mining-friendly state, and our deposit is preferably positioned to satisfy native and regional potash call for. Native manufacturing will save vendors and co-ops $150 to $200 consistent with ton in transportation prices in most cases incurred from imported potash. Our workforce has years of enjoy and data of native fertilizer distribution channels for each off-take and the truckload markets.”

An skilled control workforce leads Sage Potash against its objective of turning into a precious potash provider in america. Peter Hogendoorn has labored within the non-public and public useful resource sector for over 30 years and has skilled obtaining and making improvements to property.

Corporate Highlights

• Sage Potash (TSXV:SAGE, OTCPINK:SGPTF) is an exploration and construction corporate all for creating a US home potash provide.
• Flagship mission: Sage Undeniable Potash Assets within the Paradox Basin, recognized to host in depth, underdeveloped, world-class potash assets (2 billion heaps)
• Tier 1 possible with a large-scale and high-grade inferred useful resource of 280 million metric tonnes (MMT) of potash
• Sage Undeniable potash assets is estimated to supply 150,000 tonnes of potash once a year, with plans to amplify
• Home manufacturing could have $150 to $225 consistent with ton value merit over Saskatchewan because of emerging rail prices led to by way of cancelled oil pipelines.
• Partnered with best-in-class engineering company RESPEC LLC (chargeable for making plans and execution for the Ok+S Potash resolution mine, the BHP Jansen mission, and lots of different complicated initiatives, globally).
• Sage Potash possesses just about 90,000 acres of potash land in Utah, strategically situated in proximity to infrastructure, additional reducing transportation prices.
• Skilled control workforce with experience in company control, finance and the useful resource sector

Key Undertaking

Sage Undeniable Potash Assets

The mission is situated in San Juan County in Utah, with a mining-friendly native govt and improve group. The Sage Undeniable Potash Assets hosts higher and decrease potash beds which were confirmed by way of exploratory drilling, ultimate for the trendy mining means that is helping create excessive ESG rankings.

Undertaking Highlights:

• Showed Prime-Grade Deposits: Sage Potash commissioned an NI 43-101 technical file that showed the presence of 2 layers of high-grade potash deposits.
  • The higher mattress is two,140 meters underneath the supply and returned samples as much as 42.7 p.c potassium chloride.
  • The decrease mattress is two,160 meters underneath the skin and returned samples as much as 35.8 p.c potassium chloride.
  • Maximum world potash mines have grades between 20 p.c and 30 p.c.
• Robust Native Infrastructure: The valuables has highway and rail get admission to in position. Moreover, it already has electrical energy get admission to and within reach availability of oil and gasoline.
• Environmentally Pleasant Sun Mining Methodology: The deposit is preferably suited to in-situ resolution mining strategies with a considerably decreased environmental have an effect on than ancient strategies.
• Outlined Mineral Useful resource: Inferred useful resource for higher potash mattress, Cycle 18: 159.3 MMT, grading 26.96 p.c potassium oxide (K2O) /42.67 p.c potassium chloride (KCl); Inferred useful resource for decrease potash mattress, Cycle 18: 120.2 MMT, grading 22.60 p.c K2O/35.77 p.c KCI; General inferred useful resource: 280MMT of high-grade potash
• Further qualities of the useful resource:
  • Potash beds are steady in accordance with seismic paintings and ancient smartly correlations
  • Formations are flat-lying with minimum dipping
  • Easy geology with minimum faulting in accordance with 2D seismic survey knowledge
  • Cycle 18 moderate intensity of ~2,130 meters (7,000 toes)
  • Cycle 18 blended potash zones of 12.74 meters (41.78 toes)
  • Low insoluble of 0.56 p.c, low carnallite content material of 0.01 p.c
  • Formation temperature of 68 levels Celsius (154 levels Fahrenheit)
  • Optimum temperature stipulations for resolution mining

Undertaking Historical past

Peter Hogendoorn has been enthusiastic about financing junior mining and tech firms, each private and non-private, for the previous 30 years. Hogendoorn’s historical past in this mission is going again to 2012 when he effectively brokered a junior mission which financed the preliminary meeting of 100,000 plus acres of state, BLM (federal) and personal mineral rentals and seismic knowledge, and effectively drilled Sage Neatly #1 for about US$8 million. In spite of the giant technical good fortune of this smartly, the mission was once dropped because of traditionally low potash costs on the time. The primary rentals had been re-acquired by means of a aggressive bid in 2017 and the mission is now able to benefit from the present potash marketplace. Hogendoorn is the founding father of Sage Potash, which is vested only within the Sage Undeniable Assets, and intends to change into a outstanding home potash manufacturer, thru sustainable resolution mining ways, throughout the Utah Paradox Basin.

Control Workforce

Peter Hogendoorn – CEO, Sage Potash Corp.

Peter has 30 years of enjoy financing junior mining and tech firms, each private and non-private. Proprietor of Wrenswood Capital Corp for twenty years making an investment in and consulting for a lot of start-ups and turn-arounds. In 2012, he brokered the unique JV, which financed the unique Sage Plains mission of 100,000 plus acres of state, and personal Mineral Rentals, obtaining seismic knowledge and effectively drilled Johnson 1 smartly.

Pat Avery – CEO Sage Potash (US) Corp.

Pat is a present Director of Fertoz, an Australian phosphate corporate and the landlord of LDR Answer LLC, a consulting company for main mining, chemical, fertilizer, mission control, and personal fairness firms. He spent 15 years with ARCO and Santa Fe Pacific Pipelines in refining and transportation, together with 11 years in Senior Positions, managing over 1,500 workers at ten amenities with JR Simplot. Pat was once the previous President of Intrepid Potash and holds 30 years enjoy within the industries of petroleum, chemical compounds, mining, fertilizer, and building/mission control.

J. Patricio Varas – P. Geo. COO & VP of Exploration

Patricio has over 36 years of enjoy in mineral exploration, mission control and company management. He was once a part of the invention workforce of the Diavik Diamond mine in Canada with Rio Tinto, and the Santo Domingo Sur Copper-Iron deposit in Chile. Moreover he assisted with the mission acquisition and control workforce that ended in the invention of the arena category Santo Domingo Sur copper, iron and cobalt Santo Domingo Sur deposit in Chile with A ways West Mining. The Corporate was once obtained in a pleasant takeover by way of Capstone Mining for over $1.1 Billion in 2010. He was once the Founder within the Western Potash Corp and its President and CEO. He raised over $240 Million wearing out useful resource and reserve definition drilling, environmental research, allowing, feasibility and engineering research

Matthew Lechtzier, Director, has a considerable background in organizing advanced transactions in each private and non-private markets and dealing with detailed negotiations at a senior degree. Lechtzier was once a director of Fairness Capital Markets at Jardine Fleming in Hong Kong (later J.P. Morgan) and due to this fact honed his abilities as a “fixer” as a different consultant to the Chairman of Ivanhoe Capital Corp., the place he labored for over 25 years.

Gordon Ellis, Director, has 50 years of enjoy within the mining business, serving to uncover and increase useful resource property.

Engineering Specialists

The corporate’s engineering companions are RESPEC (Specialists for Engineering, Information, Generation, Mining, Water | RESPEC ), an international chief in geoscience, engineering, knowledge and built-in era answers for main business sectors. The engineering workforce is identical workforce that controlled the preliminary smartly and finished the preliminary useful resource estimate. RESPEC is extremely skilled in creating potash deposits and manufacturing engineering.