overview
Potassium is an essential ingredient in growing the food we eat every day. A potassium-rich mineral that supports the world’s agricultural industry.almost 95% of total potash is used as fertilizer Promotes plant growth, increases crop yield and builds disease resistance. As a result, potash has become an important tool for combating food insecurity. 800 million people Produced worldwide, ensuring the highest possible yields of every crop.
Although the United States is the world’s largest consumer of this potassium-rich mineral, We import 93% of our potash. Most of the world’s potash, excluding Canada, comes from high-risk regions such as Belarus, China and Russia. The novel coronavirus disease (COVID-19) pandemic Just-in-time (JIT) supply chain flaws The reliance on potash shipments by many agricultural companies has led to the realization that the U.S. agricultural sector needs to significantly increase its domestic production of potash.
Sage Potash (TSXV: SAGE, OTCPINK: SGPTF), a Canadian company that owns only ownership interests in Sage Plain, aims to become a prominent domestic potash producer within Utah’s Paradox Basin through sustainable mining techniques. I am aiming for
Underrated minerals include A Low-Risk Price Cycle Arrives Noting its consumable nature in the agricultural industry, the company plans to supply a constant demand for this mineral. An experienced management team leads the company toward developing world-class properties in Utah.
![sage potash](https://investingnews.com/media-library/sage-potash.png?id=34126257&width=980)
The company’s flagship project, the Sage Plain Kali Property, is located in the Paradox Basin and is potentially About 2 billion tons of potash.It also includes super saturated (40 percent minerals, 60 percent water) multi-component brines containing valuable minerals such as lithium, bromine and potassium. Utah is good for mining and has a steady supply of skilled workers. Additionally, the project has a robust infrastructure including: Access to roads and electricity This encourages faster exploration and development.
In 2023, Sage Potash acquired a potash land portfolio in Utah consisting of over 88,000 acres of state and private mineral lease agreements and BLM exploration permit applications. Previous finds in this region include drilled holes with core samples identifying two flat potash layers characterized by high potash grades with favorable commercial properties. Estimated resource of upper potash bed, cycle 18: 159.3 million tons (MMT), grading is 42.67 percent potassium chloride (KCl), 0.01 percent carnallite and 0.62 percent insoluble. Estimated resource of lower potash bed, cycle 18: 120.2 MMT, grade 35.77 percent KCl. The company aims to complete a step-out geological hole that will further clarify resource estimates and could also be used as a cave development test well to advance preliminary engineering and PEA.
![sage potash](https://investingnews.com/media-library/sage-potash.png?id=34126258&width=980)
Sage Potash understands the importance of having a positive Environmental, Social and Governance (ESG) rating. Therefore, the company has adopted modern potash mining methods that have significantly less environmental impact than historical mineral mining methods.
The company uses on-site solution extraction of potash-rich brines to the surface for solar or mechanical evaporation and granulation, rather than underground or strip mining. The company is using this method to prepare engineering plans for initial production of 150,000 tonnes of potash per year. At the same time, the company will continue to expand its overall resource estimates supporting the potential to increase production to 2-3 MMT per year.
![Production/vertical configuration](https://investingnews.com/media-library/production-vertical-configuration.png?id=34126260&width=980)
In an interview, Sage Potash CEO Peter Hogendoorn discussed the value proposition of the project location. “Utah is a good mining state and our deposits are ideally located to meet local and regional potash demand. “Our team has years of experience and knowledge of local fertilizer distribution channels in both the offtake and truckload markets.”
An experienced management team guides Sage Potash towards its goal of becoming a valued potash supplier in the United States. Peter Hogendoorn has over 30 years of experience working in the private and public resources sector, acquiring and improving assets.
company highlights
- Sage Potash (TSXV: SAGE, OTCPINK: SGPTF) is an exploration and development company focused on developing potash resources in the United States.
- Flagship Project: Sage Plain Kali Assets in Paradox Basin. Known for its abundance of untapped world-class potash resources (2 billion tonnes).
- Tier 1 potential with a large, high-grade inferred resource of 280 million tonnes (MMT) of potash
- Sage Plain potash land is estimated to produce 150,000 tonnes of potash per year, with plans to expand further.
- Rising rail costs due to the discontinuation of the oil pipeline will give domestic production a price advantage of $150-$225 per tonne over Saskatchewan.
- Partnered with RESPEC LLC, a best-in-class engineering company (responsible for the planning and execution of the K+S Potash solution mine, the BHP Jansen project, and many other advanced projects worldwide).
- Sage Potash owns approximately 90,000 acres of potash land in Utah and is strategically located close to infrastructure, further reducing transportation costs.
- Experienced management team with expertise in corporate management, finance and resources
Major project
Properties of sage plain potash
The project is located in San Juan County, Utah, with a mining-friendly local government and supporting community. The Sage Plain Kali Property has exploratory drilling proven upper and lower potash layers that are well suited for modern mining methods to help produce a high ESG rating.
Project highlights:
- Confirmation of high-grade deposits: Sage Potash produced the NI 43-101 technical report confirming the existence of two layers of high-grade potash deposits.
- The upper layer lies 2,140 meters above the surface and returned samples containing up to 42.7 percent potassium chloride.
- The lower layer lies 2,160 meters above the surface and returned samples containing up to 35.8 percent potassium chloride.
- Most potash mines around the world have a grade of 20% to 30%.
- Strong Local Infrastructure: The property has good road and rail access. In addition, electricity is already available, and oil and gas are also available nearby.
- Environmentally Friendly Solar Mining Technology: The deposit is ideally suited for in situ solution mining methods that have a much lower environmental impact than conventional methods.
- Determined Mineral Resource: Inferred Resource of Upper Potassium Layer, Cycle 18: 159.3 MMT, Grading 26.96 percent Potassium Oxide (K2O)/42.67 percent Potassium Chloride (KCl). Estimated resource of lower potash bed, cycle 18: 120.2 MMT, grade 22.60 percent K2O/35.77 percent KCI. Total Estimated Resource: 280MMT High Grade Potash
- Additional properties of resources:
- The potash layer is continuous based on correlations between seismic activity and historical wells
- The strata are flat with minimal slope
- Simple geology with few faults based on 2D seismic data
- Cycle 18 has an average depth of about 2,130 meters (7,000 feet)
- Cycle 18 combinations of 12.74 meters (41.78 feet) of Karizon.
- 0.56 percent low insolubility, 0.01 percent low carnallite content
- Formation temperature is 68 degrees Celsius (154 degrees Fahrenheit)
- Optimal temperature conditions for solution mining
Project history
Peter Hogendoorn has spent the last 30 years funding public and private mining and technology startups. Hogendoorn’s history with this project dates back to his 2012, when he started his 100,000+ acre country, BLM (Federal), a private mineral lease and a junior venture to fund the initial assembly of seismic data. Successfully brokered and successfully drilled approx. US Sage Well #1. $8 million. Despite the great technical success of the well, the project was discontinued due to historically low potash prices at the time. The principal lease was reacquired by his competitive bid in 2017 and the project was ready to tap into the current potash market. Mr. Hogendoorn is the founder of Sage Potash, which owns only ownership interests in Sage Plain, aiming to become a prominent domestic potash producer through sustainable solution mining techniques within the Utah Paradox Basin. there is
management team
Peter Hogendoorn – CEO, Sage Potash Corp.
Peter has 30 years of experience funding lower-tier mining and technology companies, both public and private. As owner of Wrenswood Capital Corp, he has invested in and consulted on numerous startups and restructurings for 20 years. In 2012, he brokered a private mineral lease with the original joint venture that funded the more than 100,000-acre state-owned Sage Plains Project, obtained seismic data, and successfully drilled Johnson 1 Well.
Pat Avery – Sage Potash (US) Corp. CEO
Pat is a current director of Australian phosphate company Fertoz and owner of LDR Solution LLC, a consulting firm to major mining, chemical, fertilizer, project management and private equity firms. He spent 15 years in refining and transportation at his ARCO and Santa Fe Pacific Pipelines, 11 of which were in senior positions, and at his 10 facilities at JR Simplot where he managed over 1,500 employees. Did. Pat is the former president of Intrepid Potash and has 30 years of experience in the petroleum, chemical, mining, fertilizer and construction/project management industries.
J. Patricio Vallas – P. Gio. COO and Vice President of Exploration
Patricio has over 36 years of experience in mineral exploration, project management and corporate leadership. He was part of the discovery team at Rio Tinto’s Diavik He Diamond Mine in Canada and Santo He Domingo He Sur Copper Iron Deposit in Chile. In addition, along with Far West Mining, he assisted the project acquisition and management team leading to the discovery of Chile’s Santo Domingo Sur deposit of world-class Santo Domingo Sur copper, iron and cobalt. The company was acquired in 2010 by Capstone Mining through a friendly takeover for over $1.1 billion. He was the founder, president and CEO of his Western Potash Corp. He has conducted resource and reserve definition drilling, environmental studies, permits, feasibility and engineering studies to raise over $240 million.
Director Matthew Lechtzier has extensive experience organizing complex deals in both public and private markets and handling detailed negotiations at a senior level. Mr. Lechzier worked as Director of Equity Capital Markets at Jardine Fleming (later JP Morgan) in Hong Kong and then honed his skills as a ‘fixer’ as Special Counsel to the Chairman of Ivanhoe Capital, where he has been there for over 25 years. bottom.
Director Gordon Ellis has 50 years of mining experience helping discover and develop resource assets.
engineering consultant
The company’s engineering partner is RESPEC (Engineering, Data, Technology, Mining, Water Consultant | Respec ) is a global leader in integrated technology solutions for geosciences, engineering, data and key industry verticals. The engineering team is the same team that managed the first well and completed the first resource estimate. RESPEC has extensive experience in potash deposit development and production engineering.
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