Sage Potash Announces Second Financing Upsize To Targeted $6 Million

(MENAFN- Newsfile Corp) Vancouver, British Columbia--(Newsfile Corp. - June 9, 2025) - Sage Potash Corp. (TSXV: SAGE) (OTCQB: SGPTF) (" Sage Potash " or the " Company ") is pleased to announce that, due to continued and significant investor interest, it has further upsized its previously announced non-brokered private placement (the " Offering ") from $5 million to $6 million.

The Offering will now consist of up to 24 million units of the Company (the " Units ") at a price of $0.25 per Unit, with each Unit consisting of one Common Share and one-half of one non-transferable Common Share purchase warrant (each whole warrant, a " Warrant "). Each Warrant will be exercisable to purchase one Common Share at a price of $0.35 for a period of two (2) years from the date of closing of the Offering.

Net proceeds from the Offering will be allocated toward the continued development of the Sage Plain project, strategic exploration activities and infrastructure planning, and general working capital requirements. The Company may pay finders' fees in cash and/or securities of the Company in connection with the Offering. All securities issued under the Offering will be subject to a hold period of four months and one day from the date of issuance under applicable securities laws.

Certain directors and officers of the Company may acquire securities under the Offering. Any such participation will be considered to be a "related party transaction" as defined under Multilateral Instrument 61-101 (" MI 61-101 "). The Company expects that the Offering will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the Company is listed on the TSX Venture Exchange and neither the expected fair market value of securities being issued to related parties nor the consideration being paid by related parties would exceed 25% of the Company's market capitalization.

Closing of the Offering is subject to TSX Venture Exchange acceptance.

Peter Hogendoorn, CEO of Sage Potash, commented: "The second upsizing of this financing round is a clear indication of the market's understanding of Sage Potash's long-term vision. Our strategic location and sustainable approach to developing domestic production of potash, a critical mineral recently announced by the Trump administration, have clearly resonated with investors."

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