Sage Potash Corp Stock Price, News & Analysis

Sage Potash (OTCQB: SGPTF) has secured a significant US$14 million USDA grant to advance its Sage Plain Potash Project in Utah's Paradox Basin. The funding will support the construction of a 300,000 tonnes-per-year potash facility, aimed at strengthening domestic U.S. potash production.

The project is expected to create 100 jobs in San Juan County, Utah, utilizing solution-mining techniques for improved safety and environmental impact. The company is progressing with permitting and a Preliminary Economic Assessment (PEA), due by Q3 2025. Following potash's recent addition to the U.S. critical minerals list, Sage Potash gains access to additional federal funding and tax credit opportunities.

Sage Potash Corp. (OTCQB: SGPTF) has granted 600,000 stock options to newly appointed board member, The Honourable Stockwell Day. The options are exercisable at C$0.30 per share for a five-year period, subject to shareholder and TSX Venture Exchange approval.

Mr. Day's appointment brings valuable experience in government, trade, and international relations to the company, which is developing the Sage Plain Potash Project in Utah's Paradox Basin. The stock option package aligns with grants provided to other board members, demonstrating the company's commitment to aligning board incentives with shareholder interests.

Sage Potash Corp (OTCQB: SGPTF) has appointed former Canadian politician Stockwell Day to its Board of Directors. Day brings extensive experience in trade and security from his roles as former Minister of Public Safety, Minister of International Trade, and President of the Treasury Board of Canada.

Day's political career spans both federal and provincial levels, serving as a Member of Parliament (2000-2011) and in the Alberta Legislative Assembly (1986-2000). His global relationships, particularly in Asia and with U.S. administrations, are expected to benefit Sage Potash's development of its Sage Plain Potash Project in Utah's Paradox Basin.

Sage Potash Corp (OTCQB: SGPTF), a Canadian company focused on developing the Sage Plain Potash Project in Utah's Paradox Basin, announced two key corporate updates. Director Clark Sazwan has resigned from the board to focus on personal matters. Additionally, the company has granted 3,500,000 stock options to undisclosed recipients at an exercise price of $0.28 per share, valid until July 7, 2030.

The company aims to become a prominent domestic potash producer in the Paradox Basin through sustainable solution mining techniques.

Sage Potash (OTCQB: SGPTF) has successfully closed a C$6 million non-brokered private placement, upsized from the initial C$4M target due to strong investor interest. The offering consisted of 24 million units at C$0.25 per unit, with each unit comprising one common share and half a warrant exercisable at C$0.35 for two years.

The company paid C$285,860 in finders' fees and issued 1,132,820 broker warrants. The proceeds will fund the development of the Sage Plain Potash Project in Utah's Paradox Basin, including field activities, technical planning, permitting, and working capital requirements. RCI Capital has been retained as a financial advisor for future development financings and strategies.

Sage Potash Corp (SGPTF) has announced a second upsize of its non-brokered private placement offering from $5M to $6M due to strong investor interest. The offering will comprise up to 24M units at $0.25 per unit, with each unit including one common share and half a warrant. Each full warrant allows purchase of one common share at $0.35 within two years of closing. Proceeds will fund the Sage Plain project development, strategic exploration, infrastructure planning, and working capital. The offering includes a four-month hold period, potential finders' fees, and possible participation from company directors and officers. CEO Peter Hogendoorn attributes the upsizing success to market recognition of the company's vision and strategic position in domestic potash production.

Sage Potash Corp (SGPTF) has increased its previously announced non-brokered private placement from $4 million to $5 million due to strong investor interest. The offering will now consist of up to 20 million units at $0.25 per unit, with each unit including one common share and half of a warrant. Each whole warrant allows purchase of one common share at $0.35 within two years of closing.

The proceeds will fund the development of the Sage Plain project, strategic exploration activities, and working capital requirements. The securities will have a four-month hold period, and company directors and officers may participate in the offering. The closing is subject to TSX Venture Exchange approval.

Sage Potash Corp (TSXV: SAGE) (OTCQB: SGPTF) has updated its previously announced non-brokered private placement offering. The company will now offer up to 16,000,000 units at $0.25 per unit, with each unit comprising one common share and one-half warrant. Each whole warrant allows purchase of one common share at $0.35 for 2 years from closing. The offering aims to raise up to $4 million for exploration and working capital. The securities will have a four-month hold period, and company directors/officers may participate. Finders' fees may be paid in cash/securities. The offering requires TSX Venture Exchange approval.

Sage Potash Corp (TSXV: SAGE) (OTCQB: SGPTF) has announced shares for debt transactions involving the issuance of 1,222,222 common shares at a deemed price of $0.27 per share. The shares will be issued to settle financial advisory, consulting, and management fees, with one recipient being a company officer. This transaction constitutes a "related party transaction" under MI 61-101, though it's expected to be exempt from formal valuation and minority shareholder approval requirements. All issued shares will be subject to a four-month hold period, and the transaction requires TSX Venture Exchange approval.