Sage Potash Corp., Vancouver, B.C., announced on March 16 that its common shares will commence trading at market open on Monday, March 20, 2023, on the TSX Venture Exchange under the ticker symbol “SAGE.” The listing of shares follows the filing and receipt of its final non-offering prospectus. The prospectus was filed with the securities regulatory authorities in the Provinces of British Columbia and Alberta.
Sage is a Canadian-based exploration and development company. Its flagship project, the Sage Plain Potash Property, is located in the Paradox Basin in southeastern Utah. Sage said it is preparing an engineering plan for initial production of 150,000 mt/y of potash. Concurrently, it said it will continue to expand overall resource estimates that can support the potential of raising production to 2-3 million mt/y.
The company said its local production will save distributors and cooperatives $150-$200 per ton in transportation costs usually incurred from imported potash.
Sage noted that Utah is a mining-friendly jurisdiction with a good supply of talented workers. In addition, it said the project has robust infrastructure that includes roads and electricity access.