Sage Potash Announces Director Resignation and Grant of Stock Options

Rhea-AI Summary

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.

Positive

• Grant of 3.5 million stock options provides incentive alignment for option holders
• Long-term option expiration date of 5 years shows confidence in company's future

Negative

• Director Clark Sazwan's resignation could create temporary leadership gap
• Stock option grant at $0.28 represents potential future dilution for shareholders

News Market Reaction – SGPTF

-1.36%

1 alert

-1.36% News Effect

On the day this news was published, SGPTF declined 1.36%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Vancouver, British Columbia--(Newsfile Corp. - July 7, 2025) - Sage Potash Corp. (TSXV: SAGE) (OTCQB: SGPTF) ("Sage Potash" or the "Company"), a Canadian company focused on developing its Sage Plain Potash Project located in the Paradox Basin, Utah, announces the resignation of Clark Sazwan as a director of Sage Potash in order to focus on personal affairs.

Peter Hogendoorn, CEO and Executive Chairman of Sage Potash, commented: "We're thankful to Clark for his efforts as a director and wish him well."

Further, the Company announces the grant of 3,500,000 stock options under the Company's Stock Option Plan. Each option entitles the holder to acquire one common share of the Company at an exercise price of $0.28 until July 7, 2030.

About Sage Potash Corp.

Sage Potash is a Canadian company vested solely in the Sage Plain Property and intends through sustainable solution mining techniques to become a prominent domestic potash producer within the Paradox Basin situated in Utah. For further information, please refer to the Company's disclosure record on SEDAR+ (www.sedarplus.ca) or contact the Company by email at info@sagepotash.com.

On Behalf of the Board of Directors

Peter Hogendoorn
CEO & Executive Chairman
(604) 764-2158

sagepotash.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this news release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information in this news release includes, but is not limited to, statements with respect to future events or future performance of Sage Potash and with respect to the Offering, including the use of proceeds thereof. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, but not limited to, the risk factors set out under the heading "Risk Factors and Uncertainties" in the Company's Management's Discussion & Analysis available for review under the Company's profile at www.sedarplus.ca. Such forward-looking information represents management's best judgement based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

For media inquiries, please contact:

Marcus van der Made, Investor Relations
marcus@sagepotash.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/258005

FAQ

Why did Clark Sazwan resign from Sage Potash (SGPTF) board of directors?

Clark Sazwan resigned from the Sage Potash board to focus on personal affairs, as announced by the company on July 7, 2025.

What are the details of Sage Potash's (SGPTF) July 2025 stock option grant?

Sage Potash granted 3,500,000 stock options with an exercise price of $0.28 per share, exercisable until July 7, 2030.

What is Sage Potash's (SGPTF) main business focus?

Sage Potash is focused on developing the Sage Plain Potash Project in Utah's Paradox Basin, aiming to become a prominent domestic potash producer using sustainable solution mining techniques.

Who is the current CEO of Sage Potash (SGPTF)?

Peter Hogendoorn serves as the CEO and Executive Chairman of Sage Potash Corp.