Sage Potash | INN

Overview

Potash is an integral part for rising the meals you eat daily. It’s a potassium-rich mineral that helps the worldwide agriculture trade. Roughly 95 percent of all potash is used in fertilizers to advertise plant development, enhance crop yields, and construct illness resistance. Because of this, potash is a crucial instrument to fight meals insecurity — a state of affairs that impacts 800 million people worldwide — by guaranteeing the very best yield of each crop.

The US is the biggest world shopper of this potassium-rich mineral, but it imports 93 percent of its potash. Aside from Canada, many of the world’s potash comes from high-risk jurisdictions, equivalent to Belarus, China, and Russia. The COVID-19 pandemic has make clear the flaws of the just-in-time (JIT) supply chain that many agricultural firms rely upon for potash shipments, resulting in a realization that the US agricultural sector wants to extend its home manufacturing of potash dramatically.

Sage Potash (TSXV:SAGE,OTCPINK:SGPTF) is a Canadian firm vested solely within the Sage Plain Property and intends, by way of sustainable mining methods, to develop into a outstanding home potash producer throughout the Paradox Basin in Utah.

The underrated mineral has a low-risk price cycle due to its consumable nature within the agricultural trade, and the corporate plans to provide the fixed demand for the mineral. An skilled administration workforce leads the corporate in the direction of growing its world-class asset in Utah.

The corporate’s flagship mission, Sage Plain Potash Property, is situated within the Paradox Basin, probably containing roughly two billion tons of potash., in addition to tremendous saturated (40 % minerals, 60 % water) multi-commodity brines containing worthwhile minerals together with Lithium, Bromine and Potassium. Utah is a mining-friendly jurisdiction with a gentle provide of expert staff. As well as, the mission has a strong infrastructure that features road and electricity access that facilitates sooner exploration and growth.

In 2023, Sage Potash acquired a potash land portfolio in Utah consisting of over 88,000 acres of state and personal mineral leases and BLM prospecting allow purposes. Earlier discoveries within the space embrace drill holes with core samples figuring out two flat potash beds that includes excessive potash grades with favorable business traits. Inferred useful resource for higher potash mattress, cycle 18: 159.3 million metric tonnes (MMT), grading 42.67 % potassium chloride (KCl) with 0.01 % carnallite and 0.62 % insoluble. Inferred useful resource for decrease potash mattress, cycle 18: 120.2 MMT, grading 35.77 % KCl. The corporate goals to finish a step-out geological gap that can additional outline the useful resource estimates and should double as a attainable cavern growth check effectively, to advance preliminary engineering and PEA.

Sage Potash understands the significance of a constructive environmental, social and governance (ESG) ranking. Subsequently, the corporate has embraced a contemporary methodology of potash mining that has considerably much less influence on the setting than historic strategies of mining the mineral.

Somewhat than underground or strip mining, the corporate will use in-situ resolution extraction of potash-rich brine to the floor for photo voltaic or mechanical evaporation and granulation. Utilizing this methodology, the corporate is getting ready an engineering plan for an preliminary manufacturing of 150,000 tonnes of potash per 12 months. Concurrently, the corporate will proceed to broaden total useful resource estimates that may help the potential of elevating manufacturing to 2 to three MMT/12 months.

In an interview, Sage Potash CEO Peter Hogendoorn acknowledged the worth proposition of its mission’s location. “Utah is a mining-friendly state, and our deposit is ideally located to satisfy native and regional potash demand. Native manufacturing will save distributors and co-ops $150 to $200 per ton in transportation prices normally incurred from imported potash. Our workforce has years of expertise and information of native fertilizer distribution channels for each off-take and the truckload markets.”

An skilled administration workforce leads Sage Potash in the direction of its objective of changing into a worthwhile potash provider in the USA. Peter Hogendoorn has labored within the personal and public useful resource sector for over 30 years and has skilled buying and bettering property.

Firm Highlights

• Sage Potash (TSXV:SAGE, OTCPINK:SGPTF) is an exploration and growth firm targeted on growing a US home potash provide.
• Flagship mission: Sage Plain Potash Property within the Paradox Basin, recognized to host in depth, underdeveloped, world-class potash assets (2 billion tons)
• Tier 1 potential with a large-scale and high-grade inferred useful resource of 280 million metric tonnes (MMT) of potash
• Sage Plain potash property is estimated to provide 150,000 tonnes of potash yearly, with plans to broaden
• Home manufacturing could have $150 to $225 per ton worth benefit over Saskatchewan because of rising rail prices attributable to cancelled oil pipelines.
• Partnered with best-in-class engineering agency RESPEC LLC (liable for planning and execution for the Okay+S Potash resolution mine, the BHP Jansen mission, and plenty of different superior tasks, globally).
• Sage Potash possesses almost 90,000 acres of potash land in Utah, strategically situated in proximity to infrastructure, additional decreasing transportation prices.
• Skilled administration workforce with experience in company administration, finance and the useful resource sector

Key Challenge

Sage Plain Potash Property

The mission is situated in San Juan County in Utah, with a mining-friendly native authorities and help neighborhood. The Sage Plain Potash Property hosts higher and decrease potash beds which have been confirmed by exploratory drilling, preferrred for the trendy mining methodology that helps create excessive ESG scores.

Challenge Highlights:

• Confirmed Excessive-Grade Deposits: Sage Potash commissioned an NI 43-101 technical report that confirmed the presence of two layers of high-grade potash deposits.
  • The higher mattress is 2,140 meters beneath the floor and returned samples as much as 42.7 % potassium chloride.
  • The decrease mattress is 2,160 meters beneath the floor and returned samples as much as 35.8 % potassium chloride.
  • Most world potash mines have grades between 20 % and 30 %.
• Robust Native Infrastructure: The property has street and rail entry in place. Moreover, it already has electrical energy entry and close by availability of oil and gasoline.
• Environmentally Pleasant Photo voltaic Mining Approach: The deposit is ideally fitted to in-situ resolution mining strategies with a considerably lowered environmental influence than historic strategies.
• Outlined Mineral Useful resource: Inferred useful resource for higher potash mattress, Cycle 18: 159.3 MMT, grading 26.96 % potassium oxide (K2O) /42.67 % potassium chloride (KCl); Inferred useful resource for decrease potash mattress, Cycle 18: 120.2 MMT, grading 22.60 % K2O/35.77 % KCI; Complete inferred useful resource: 280MMT of high-grade potash
• Further qualities of the useful resource:
  • Potash beds are steady based mostly on seismic work and historic effectively correlations
  • Formations are flat-lying with minimal dipping
  • Easy geology with minimal faulting based mostly on 2D seismic survey information
  • Cycle 18 common depth of ~2,130 meters (7,000 ft)
  • Cycle 18 mixed potash zones of 12.74 meters (41.78 ft)
  • Low insoluble of 0.56 %, low carnallite content material of 0.01 %
  • Formation temperature of 68 levels Celsius (154 levels Fahrenheit)
  • Optimum temperature situations for resolution mining

Challenge Historical past

Peter Hogendoorn has been concerned in financing junior mining and tech firms, each private and non-private, for the previous 30 years. Hogendoorn’s historical past on this mission goes again to 2012 when he efficiently brokered a junior enterprise which financed the preliminary meeting of 100,000 plus acres of state, BLM (federal) and personal mineral leases and seismic information, and efficiently drilled Sage Properly #1 for about US$8 million. Regardless of the big technical success of this effectively, the mission was dropped because of traditionally low potash costs on the time. The principle leases have been re-acquired by way of a aggressive bid in 2017 and the mission is now able to make the most of the present potash market. Hogendoorn is the founding father of Sage Potash, which is vested solely within the Sage Plain Property, and intends to develop into a outstanding home potash producer, by way of sustainable resolution mining methods, throughout the Utah Paradox Basin.

Administration Group

Peter Hogendoorn – CEO, Sage Potash Corp.

Peter has 30 years of expertise financing junior mining and tech firms, each private and non-private. Proprietor of Wrenswood Capital Corp for 20 years investing in and consulting for quite a few 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 Leases, buying seismic information and efficiently drilled Johnson 1 effectively.

Pat Avery – CEO Sage Potash (US) Corp.

Pat is a present Director of Fertoz, an Australian phosphate firm and the proprietor of LDR Answer LLC, a consulting agency for main mining, chemical, fertilizer, mission administration, 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 staff at ten services with JR Simplot. Pat was the previous President of Intrepid Potash and holds 30 years expertise within the industries of petroleum, chemical compounds, mining, fertilizer, and building/mission administration.

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

Patricio has over 36 years of expertise in mineral exploration, mission administration and company management. He was 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 administration workforce that led to the invention of the world class Santo Domingo Sur copper, iron and cobalt Santo Domingo Sur deposit in Chile with Far West Mining. The Firm was acquired in a pleasant takeover by Capstone Mining for over $1.1 Billion in 2010. He was the Founder within the Western Potash Corp and its President and CEO. He raised over $240 Million finishing up useful resource and reserve definition drilling, environmental research, allowing, feasibility and engineering research

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

Gordon Ellis, Director, has 50 years of expertise within the mining trade, serving to uncover and develop useful resource property.

Engineering Consultants

The corporate’s engineering companions are RESPEC (Consultants for Engineering, Data, Technology, Mining, Water | RESPEC ), a worldwide chief in geoscience, engineering, information and built-in know-how options for main trade sectors. The engineering workforce is identical workforce that managed the preliminary effectively and accomplished the preliminary useful resource estimate. RESPEC is very skilled in growing potash deposits and manufacturing engineering.