Saturday, April 13, 2024

Sage Potash | INN

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Assessment

Potash is an integral part for rising the meals you devour each day. This is a potassium-rich mineral that helps the worldwide agriculture business. Kind of 95 % of all potash is utilized in fertilizers to advertise plant expansion, spice up crop yields, and construct illness resistance. Because of this, potash is a crucial instrument to struggle meals lack of confidence — a scenario that has effects on 800 million other people international — through making sure the most efficient imaginable yield of each and every crop.

America is the most important world client of this potassium-rich mineral, but it imports 93 % of its potash. Excluding for Canada, lots of the global’s potash comes from high-risk jurisdictions, comparable to Belarus, China, and Russia. The COVID-19 pandemic has make clear the flaws of the just-in-time (JIT) provide chain that many agricultural corporations rely on for potash shipments, resulting in a realization that america agricultural sector wishes to extend its home manufacturing of potash dramatically.

Sage Potash (TSXV:SAGE,OTCPINK:SGPTF) is a Canadian corporate vested only within the Sage Undeniable Belongings and intends, via sustainable mining ways, to develop into a distinguished home potash manufacturer inside the Paradox Basin in Utah.

The underrated mineral has a low-risk value cycle due to its consumable nature within the agricultural business, and the corporate plans to provide the consistent call for for the mineral. An skilled control workforce leads the corporate against growing its world-class asset in Utah.

Sage Potash

The corporate’s flagship undertaking, Sage Undeniable Potash Belongings, is positioned within the Paradox Basin, doubtlessly containing kind of two billion heaps of potash., in addition to tremendous saturated (40 % minerals, 60 % water) multi-commodity brines containing treasured minerals together with Lithium, Bromine and Potassium. Utah is a mining-friendly jurisdiction with a gentle provide of professional employees. As well as, the undertaking has a strong infrastructure that comes with highway and electrical energy get right of entry to that facilitates sooner exploration and construction.

In 2023, Sage Potash obtained a potash land portfolio in Utah consisting of over 88,000 acres of state and personal mineral rentals and BLM prospecting allow packages. Earlier discoveries within the house come with drill holes with core samples figuring out two flat potash beds that includes excessive potash grades with favorable industrial 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 zero.62 % insoluble. Inferred useful resource for decrease potash mattress, cycle 18: 120.2 MMT, grading 35.77 % KCl. The corporate objectives to finish a step-out geological hollow that can additional outline the useful resource estimates and would possibly double as a imaginable cavern construction take a look at neatly, to advance initial engineering and PEA.

Sage Potash

Sage Potash understands the significance of a good environmental, social and governance (ESG) score. Subsequently, the corporate has embraced a contemporary means of potash mining that has considerably much less affect at the atmosphere than historic strategies of mining the mineral.

Moderately than underground or strip mining, the corporate will use in-situ answer extraction of potash-rich brine to the outside for sun or mechanical evaporation and granulation. The usage of this system, the corporate is getting ready an engineering plan for an preliminary manufacturing of 150,000 tonnes of potash in keeping with 12 months. Similtaneously, the corporate will proceed to enlarge general useful resource estimates that may make stronger the potential for elevating manufacturing to two to a few MMT/12 months.

Production/ Vertical Configuration

In an interview, Sage Potash CEO Peter Hogendoorn mentioned the worth proposition of its undertaking’s location. “Utah is a mining-friendly state, and our deposit is preferably positioned to fulfill native and regional potash call for. Native manufacturing will save vendors and co-ops $150 to $200 in keeping with ton in transportation prices normally incurred from imported potash. Our workforce has years of revel in and data of native fertilizer distribution channels for each off-take and the truckload markets.”

An skilled control workforce leads Sage Potash against its objective of changing into a treasured potash provider in the USA. Peter Hogendoorn has labored within the personal and public useful resource sector for over 30 years and has skilled obtaining and making improvements to belongings.

Corporate Highlights

  • Sage Potash (TSXV:SAGE, OTCPINK:SGPTF) is an exploration and construction corporate excited about growing a US home potash provide.
  • Flagship undertaking: Sage Undeniable Potash Belongings within the Paradox Basin, recognized to host in depth, underdeveloped, world-class potash assets (2 billion heaps)
  • Tier 1 doable with a large-scale and high-grade inferred useful resource of 280 million metric tonnes (MMT) of potash
  • Sage Undeniable potash assets is estimated to provide 150,000 tonnes of potash every year, with plans to enlarge
  • Home manufacturing could have $150 to $225 in keeping with ton value merit over Saskatchewan because of emerging rail prices led to through cancelled oil pipelines.
  • Partnered with best-in-class engineering company RESPEC LLC (chargeable for making plans and execution for the Ok+S Potash answer mine, the BHP Jansen undertaking, and lots of different complex tasks, globally).
  • Sage Potash possesses just about 90,000 acres of potash land in Utah, strategically positioned in proximity to infrastructure, additional decreasing transportation prices.
  • Skilled control workforce with experience in company control, finance and the useful resource sector

Key Mission

Key Project

Sage Undeniable Potash Belongings

The undertaking is positioned in San Juan County in Utah, with a mining-friendly native govt and make stronger group. The Sage Undeniable Potash Belongings hosts higher and decrease potash beds which were confirmed through exploratory drilling, excellent for the trendy mining means that is helping create excessive ESG scores.

Mission Highlights:

  • Showed Top-Grade Deposits: Sage Potash commissioned an NI 43-101 technical record that showed the presence of 2 layers of high-grade potash deposits.
    • The higher mattress is two,140 meters beneath the supply and returned samples as much as 42.7 % potassium chloride.
    • The decrease mattress is two,160 meters beneath the outside and returned samples as much as 35.8 % potassium chloride.
    • Maximum world potash mines have grades between 20 % and 30 %.
  • Sturdy Native Infrastructure: The valuables has highway and rail get right of entry to in position. Moreover, it already has electrical energy get right of entry to and within reach availability of oil and gasoline.
  • Environmentally Pleasant Sun Mining Methodology: The deposit is preferably suited to in-situ answer mining strategies with a considerably decreased environmental affect 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; Overall inferred useful resource: 280MMT of high-grade potash
  • Further qualities of the useful resource:
    • Potash beds are steady in response to seismic paintings and historical neatly correlations
    • Formations are flat-lying with minimum dipping
    • Easy geology with minimum faulting in response to 2D seismic survey knowledge
    • Cycle 18 reasonable intensity of ~2,130 meters (7,000 toes)
    • Cycle 18 blended potash zones of 12.74 meters (41.78 toes)
    • Low insoluble of 0.56 %, low carnallite content material of 0.01 %
    • Formation temperature of 68 levels Celsius (154 levels Fahrenheit)
    • Optimum temperature stipulations for answer mining

Mission Historical past

Peter Hogendoorn has been taken with financing junior mining and tech corporations, each private and non-private, for the previous 30 years. Hogendoorn’s historical past in this undertaking is going again to 2012 when he effectively brokered a junior undertaking which financed the preliminary meeting of 100,000 plus acres of state, BLM (federal) and personal mineral rentals and seismic knowledge, and effectively drilled Sage Neatly #1 for about US$8 million. In spite of the giant technical good fortune of this neatly, the undertaking was once dropped because of traditionally low potash costs on the time. The primary rentals have been re-acquired by means of a aggressive bid in 2017 and the undertaking is now in a position to benefit from the present potash marketplace. Hogendoorn is the founding father of Sage Potash, which is vested only within the Sage Undeniable Belongings, and intends to develop into a distinguished home potash manufacturer, via sustainable answer mining ways, inside the Utah Paradox Basin.

Control Crew

Peter Hogendoorn – CEO, Sage Potash Corp.

Peter has 30 years of revel in financing junior mining and tech corporations, each private and non-private. Proprietor of Wrenswood Capital Corp for two decades making an investment in and consulting for a large number of start-ups and turn-arounds. In 2012, he brokered the unique JV, which financed the unique Sage Plains undertaking of 100,000 plus acres of state, and personal Mineral Rentals, obtaining seismic knowledge and effectively drilled Johnson 1 neatly.

Pat Avery – CEO Sage Potash (US) Corp.

Pat is a present Director of Fertoz, an Australian phosphate corporate and the landlord of LDR Answer LLC, a consulting company for primary mining, chemical, fertilizer, undertaking control, and personal fairness corporations. 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 workers at ten amenities with JR Simplot. Pat was once the previous President of Intrepid Potash and holds 30 years revel in within the industries of petroleum, chemical substances, mining, fertilizer, and development/undertaking control.

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

Patricio has over 36 years of revel in in mineral exploration, undertaking control and company management. He was once 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 undertaking acquisition and control workforce that ended in the invention of the sector category Santo Domingo Sur copper, iron and cobalt Santo Domingo Sur deposit in Chile with A ways West Mining. The Corporate was once obtained in a pleasant takeover through Capstone Mining for over $1.1 Billion in 2010. He was once the Founder within the Western Potash Corp and its President and CEO. He raised over $240 Million wearing out 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 once a director of Fairness Capital Markets at Jardine Fleming in Hong Kong (later J.P. Morgan) and therefore honed his talents as a “fixer” as a distinct consultant to the Chairman of Ivanhoe Capital Corp., the place he labored for over 25 years.

Gordon Ellis, Director, has 50 years of revel in within the mining business, serving to uncover and increase useful resource belongings.

Engineering Specialists

The corporate’s engineering companions are RESPEC (Specialists for Engineering, Information, Era, Mining, Water | RESPEC ), an international chief in geoscience, engineering, knowledge and built-in generation answers for primary business sectors. The engineering workforce is similar workforce that controlled the preliminary neatly and finished the preliminary useful resource estimate. RESPEC is extremely skilled in growing potash deposits and manufacturing engineering.



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