Tuesday, 02 January 2024 12:17 GMT

Sage Potash Announces Unit Financing


(MENAFN- Newsfile Corp) Vancouver, British Columbia--(Newsfile Corp. - December 8, 2025) - Sage Potash Corp. (TSXV: SAGE) (OTCQB: SGPTF) ("Sage Potash" or the "Company") announces a non-brokered private placement of up to 35,000,000 units of the Company ("Units") at a price of $0.20 per Unit for gross proceeds of up to $7 million (the "Offering").

Each Unit will consist of one common share in the capital of the Company (a "Common Share") and one Common Share purchase warrant of the Company (a "Warrant"). 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.

Each Warrant will be exercisable to purchase one Common Share at a price of $0.30 for a period of 3 years from the date of closing of the Offering.

Proceeds of the Offering will be used primarily to commence the work necessary to carry out key recommendations made by internationally recognized engineering firm, RESPEC LLC, in the Company's recently filed Preliminary Economic Assessment (see November 6, 2025 news release), including drilling of a stratigraphic hole, drill core analysis and testing and engineering review. The proceeds will also be used for working capital and for general and administrative expense purposes.

The Company may pay finders' fees in cash and/or securities of the Company in connection with the Offering.

Commenting on the Company's plan to drill the stratigraphic hole, RESPEC LLC stated, "A well-placed stratigraphic drillhole provides key data to advance mine design and increase confidence in resource estimates, supporting potential resource upgrades to reserves.* The objective for this drillhole is to confirm the mineralized thickness and grade and may enable upgrading a portion of the resource from inferred to indicated and measured. Drill results and collection of additional coring data will allow the commencement of the Bankable Feasibility Study. Our current geological confidence is high based on the 2D seismic data and the nearby Johnson 1 well (which the current resource estimate is based on). The additional stratigraphic drillhole is expected to further increase our geological confidence level, enabling the resource to potentially be expanded and upgraded."

About Sage Potash

Sage Potash Corp. (TSXV: SAGE) (OTCQB: SGPTF) is dedicated to the development of its flagship Sage Plain Potash Project, located in the Paradox Basin, Utah. With a large and high-grade resource base, the Company is advancing toward its goal of establishing a secure and sustainable domestic potash production platform in the United States. Sage Potash is committed to food security, environmental stewardship, and creating value for shareholders and stakeholders alike.

On Behalf of the Board of Directors,

MENAFN08122025004218003983ID1110455035



Newsfile Corp

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Search