Sage Potash Closes C$2.5 Million Private Placement

Sage Potash Corp. (TSXV: SAGE) (OTCQB: SGPTF) has successfully closed a non-brokered private placement of up to 12,500,000 common shares at CAD 0.20 each, raising gross proceeds of up to CAD 2,500,000. The proceeds will be used for general working capital purposes, including operational costs, permitting, drill casing deposits, equipment, and general administration expenses. The private placement is subject to final acceptance by the TSX Venture Exchange and all securities issued under the private placement will be subject to a four-month hold period.

The successful private placement is a significant milestone for Sage Potash, providing the company with the necessary funds to advance its mineral properties and strengthen its financial position. The company's strategic land and mineral portfolio, which hosts a 280MMT inferred resource of high-grade, clean chemistry potash, positions it well to become a prominent domestic potash producer within the Paradox Basin in Utah. The proceeds from the private placement will enable Sage Potash to continue its pursuit of this goal, while also attracting strategic investors who understand and appreciate the value of the company's project.



Sage Potash's focus on sustainable solution mining techniques differentiates it from competitors and plays a significant role in attracting investors. The company's use of mechanical evaporation and crystallization plants has a smaller footprint, reducing the need for expansive evaporation ponds or giant salt disposal mounds. This environmentally friendly approach aligns with the increasing emphasis on sustainability in the mining industry. Additionally, solution mining requires far less heavy mining and hauling equipment and fewer employees than conventional underground potash mines, resulting in lower capital expenditure and operating costs. This makes the company more attractive to investors seeking a lower-risk investment.

The company's large land base and strategic mineral leases position it well for future expansion and growth. This, combined with its inferred resource of 280MMT of high-grade, clean chemistry potash, makes the company an attractive investment opportunity. The successful private placement is a testament to the value of Sage Potash's project and the confidence that strategic investors have in the company's ability to capitalize on the growing demand for potash.

In conclusion, Sage Potash's C$2.5 million private placement is a significant achievement for the company, providing it with the necessary funds to advance its mineral properties and strengthen its financial position. The company's focus on sustainable solution mining techniques and its strategic land and mineral portfolio make it an attractive investment opportunity, as demonstrated by the successful private placement. As Sage Potash continues to advance its project, it is well-positioned to capitalize on the growing demand for potash and create value for its shareholders.