CA Market News
5日前
Sage Potash Announces Revised Purchase Agreement for Plant and EquipmentJune 4, 2026 4:10 PM
NewsfileSouth Jordan, Utah and Vancouver, British Columbia--(Newsfile Corp. - June 4, 2026) - Sage Potash Corp. (TSXV: SAGE) (OTCQB: SGPTF) ("Sage Potash" or the "Company") announces revised terms to the Plant and Equipment Purchase with International Process Plants and Equipment Corp. ("IPP") which had a previous effective date of July 1, 2025 as disclosed in the Company's quarterly financial statement (see September 30, 2025 financial statements filed on Sedar+) and originally announced September 8, 2024 (the "June 4th Purchase Agreement"). The plant and equipment consist of refurbished and used equipment that IPP stores in the Netherlands and the United States. It consists of three evaporators that together could form a triple effect evaporator system, three crystallizers and various ancillary equipment including pumps, centrifuges and tanks. When installed in a unified manner, the equipment makes up a plant that could process brines with a design capacity of up to 300,000 tonnes per year of potash output.TERMSThe June 4th Purchase Agreement confirms the purchase price of € 11 million (the "Purchase Price") and includes the following core terms:The Company will make a current payment of € 1,280,000 (note: the Company has previously made deposits of € 838,000);Of the current payment, the parties will apply € 987,000 to the principal balance of the Purchase Price and € 293,000 to storage fees and interest. The balance of the Purchase Price after this current payment will therefore be € 9,173,000;Payment of current and future storage fees of € 11,900 per month;Recognition of € 555,000 in accrued but unpaid interest and payment of some or all of this amount between now and October 2026 from any cash inflows from financing activities including any proceeds of warrant or option exercises (the "Interim Paydown");From the Company's next financing, if conducted before April 2027, payment of € 555,000 less the Interim Paydown and allocation of 20% of the financing proceeds towards the balance of the Purchase Price; andThe Company must pay the balance of the Purchase Price by April 30, 2027, with an outside date of July 15, 2027.In a separate agreement that is subject to TSX-V approval, Sage Potash and IPP have agreed that up until the balance of the Purchase Price is paid, IPP will have the right to convert up to 50% of the then balance of the Purchase Price into common shares at C$0.25/share, subject to a maximum share issuance to IPP of 15% of the Company's then issued and outstanding common shares.OVERALL STRATEGYManagement and the Board's primary objective remains the successful completion of the Company's Summer 2026 drill program at the Sage Plain Potash Project, aimed at expanding the resource footprint and increasing overall resource confidence levels. Upon completion of the program, the Company intends to engage independent consultants to prepare an updated resource estimate incorporating the newly acquired drilling data.With an updated resource in hand, Sage Potash plans to advance into various engineering and technical studies leading toward a Pre-Feasibility Study ("PFS"), and ultimately a Feasibility Study ("FS"). Management is evaluating development scenarios significantly larger than the initial 150,000 to 300,000 tonne-per-year operation contemplated in the Company's September 2025 Preliminary Economic Assessment ("PEA").Importantly, the September 2025 PEA already contemplated the use of the processing plant equipment that is the subject of the Company's June 4th Purchase Agreement.Management believes securing this equipment under the June 4th Purchase Agreement provides Sage Potash with significant strategic optionality as the Company advances toward potential production. While certain equipment components could support a unified pilot-scale or initial production operation, they could also be integrated into a substantially larger-scale development scenario. This flexibility is expected to enhance project scalability while potentially accelerating the timeline between feasibility studies, construction, and the commencement of production.RATIONALE OF THE PURCHASE TERMSThe equipment and plant purchase terms scale the Company's capital requirement in sync with the timing of developing a larger resource and moving the project through PFS and FS stages. Further, IPP initiated the discussion to have an avenue to become a meaningful shareholder in the Company in relation to the plant and equipment purchase. This engenders not only tremendous alignment but also shows strong belief in the Sage Plain Project and management's advancement plan. We thank IPP for their patience and diligence in working with us to revise the June 4th Purchase Agreement for mutual benefit.About Sage Potash Corp.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,
J. Patricio Varas, CEO and Director
1 (236) 521-1521
Website: www.sagepotash.comFor media inquiries, please contact:
Marcus van der Made, Investor Relations
IR@sagepotash.comNeither 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 StatementsThis 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, including making certain future payments, conducting updated resource calculations, engineering studies, feasibility studies, pilot production and commercial production. 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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300178 Original: Sage Potash Announces Revised Purchase Agreement for Plant and Equipment
CA Market News
1月前
Sage Potash Corp. Announces Investor Relations and Corporate Development AgreementsMay 6, 2026 4:15 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - May 6, 2026) - Sage Potash Corp. (TSXV: SAGE) (OTCQB: SGPTF) ("Sage Potash" or the "Company") is pleased to announce that it has entered into consulting agreements with Fairfax Partners Inc., Made Partners Inc., and Integrous Capital Partners, LLC to support investor relations, digital marketing, and corporate development initiatives. Fairfax Partners IncThe Company has entered into a services agreement (the "Fairfax Agreement") with Fairfax Partners Inc. ("Fairfax"), located at Suite #1504, 1221 Bidwell Street, Vancouver, British Columbia, a company founded and controlled by its President, Daniel Southan-Dwyer. Pursuant to the Fairfax Agreement, Fairfax will provide investor relations, communications infrastructure, and digital marketing services to the Company, including the development of investor-facing web and digital assets, drafting and dissemination of investor updates, inbound communications management, and execution of digital marketing campaigns across Google, LinkedIn, and financial platforms.The Fairfax Agreement has a term of twelve (12) months commencing March 19, 2026, continuing on a month-to-month basis thereafter, with a thirty (30)-day mutual termination provision upon written notice by either party. In consideration for the services, the Company will pay Fairfax a monthly fee of CAD $3,805.00 plus GST for investor relations management services, a monthly subscription fee of CAD $1,195.00 for communications infrastructure management and a digital marketing budget of up to CAD $120,000.00 per year plus GST (Fairfax+), to be allocated at the Company's discretion over the term. Core infrastructure services (FRAME) will be provided on a complimentary basis. All fees are payable out of the Company's existing cash on hand.The Fairfax Agreement is subject to acceptance by the TSX Venture Exchange. Fairfax and the Company are not related parties and operate at arm's length. Neither Fairfax nor its principals have any direct or indirect interest in the Company's securities, nor any right or intent to acquire such an interest.Integrous Capital Partners, LLCThe Company has entered into a consulting agreement (the "Integrous Agreement") with Integrous Capital Partners, LLC ("Integrous"), an independent communications and investor relations firm headquartered in Austin, Texas, with offices across the United States and Canada. Pursuant to the Integrous Agreement, Integrous will provide investor relations and communications services to the Company, including assisting with the dissemination of corporate, financial, and operational developments to shareholders and prospective investors, and supporting increased awareness of the Company within the capital markets.The Integrous Agreement has a term of six (6) months commencing April 20, 2026, continuing on a month-to-month basis thereafter, unless terminated by either party. In consideration for the services, the Company will pay Integrous a monthly fee of USD $9,000.00 plus applicable taxes, payable out of the Company's existing cash on hand.The Integrous Agreement is subject to acceptance by the TSX Venture Exchange. Integrous and the Company are not related parties and operate at arm's length. Neither Integrous nor its principals have any direct or indirect interest in the Company's securities, nor any right or intent to acquire such an interest.Made Partners Inc.The Company has entered into a consulting agreement (the "Made Agreement") with Made Partners Inc. ("Made Partners"). Pursuant to the Made Agreement, Marcus van der Made will continue supporting the Company in the areas of Corporate Development and Investor Relations, providing strategic advisory, investor outreach, and communications support.The Made Agreement has a term of twelve (12) months commencing March 1, 2026, continuing on a month-to-month basis thereafter, unless terminated by either party. In consideration for the services, the Company will pay Made Partners a monthly fee of CAD $10,000.00 plus GST, payable monthly out of the Company's existing cash on hand. In addition, the consultant may be eligible to receive stock options, subject to Board and all necessary regulatory approvals, including approval of the TSX Venture Exchange.The Made Agreement is subject to acceptance by the TSX Venture Exchange. Made Partners and the Company are not related parties and operate at arm's length. Marcus van der Made currently holds securities of the Company, including common shares, warrants and stock options, which were acquired in the ordinary course of investment and not in connection with the engagement. .About Sage Potash Corp.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,J. Patricio Varas, CEO and Director1 (236) 521-1521Website: www.sagepotash.comFor media inquiries, please contact:Marcus van der Made, Investor RelationsIR@sagepotash.comNeither 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 Statement on Forward-Looking InformationThis news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements relating to the approval of the Fairfax Agreement and the Made Agreement by the applicable exchange, and the anticipated benefits of the services to be provided thereunder. Forward-looking information is based on management's current expectations and assumptions and is subject to known and unknown risks and uncertainties, many of which are beyond the Company's control. Actual results may differ materially from those expressed or implied by such forward-looking information. The Company does not undertake any obligation to update forward-looking information, except as required by applicable law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/296123 Original: Sage Potash Corp. Announces Investor Relations and Corporate Development Agreements
CA Market News
1月前
Sage Potash Moves Forward on Drill Program, Appoints Drake Well Service for Sage Plains ProjectApril 29, 2026 6:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 29, 2026) - Sage Potash Corp. (TSXV: SAGE) (OTCQB: SGPTF) ("Sage Potash" or the "Company") is pleased to announce continued progress on its previously announced drill program (see news release dated April 07, 2026) at its Sage Plain potash project located in the Paradox basin, southwestern Utah.Through its drilling management consultant, Westrock Energy Services (USA) Inc., the company has selected Drake Well Service Inc. ("Drake") to complete the drilling program anticipated to commence in Q2 2026. Located in Farmington New Mexico, Drake is a privately owned service provider with over 60 years of experience in the region in which the Sage Potash claims are located. Among its range of services, Drake provides large rigs used in oilfield well drilling which are the same type of rigs required for accessing the Paradox potash deposits. Drake owns and operates an extensive array of equipment and has the appropriate drilling rig to complete the program in a safe and efficient manner. Drake was selected based on their local reputation for excellent work and commitment to safety. Drake will procure services from about 25 various service providers to deliver the project."Sage Potash has completed a comprehensive review of drilling contractors, and we are impressed with Drake's reputation, equipment availability and their experience in delivering quality programs, dependable service and their commitment to safety. We look forward to working with Drake Well Service along with our management company Westrock and we are confident that they will deliver good value for Sage Potash," said Pat Varas, Chief Executive Officer of Sage Potash. Westrock has completed a detailed drilling plan and will provide oversight of all stages of the program. Site construction and mobilization is scheduled to start at the end of May with drilling commencing in early June. Three weeks have been scheduled to complete the drilling and core recovery with demobilization complete by the end of June. An updated resource estimate is anticipated in mid Q3 2026.The Paradox Basin contains extensive potash deposits including the high-grade Cycle 18 Upper and Lower beds at depths of 2,100 meters (6,890 feet) at the Company's project site. As noted in the April 07, 2026 press release, the planned drilling program will target these potash beds and is designed to confirm the project contains one of the most prospective solution mining targets in the United States. Results of the drilling program are anticipated to expand the project's mineral resource, improve the resource classification to advance the project by providing key inputs for continued engineering and development. About Sage Potash Corp.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,J. Patricio Varas, CEO and Director1 (236) 521-1521Website: www.sagepotash.comFor media inquiries, please contact:Marcus van der Made, Investor RelationsIR@sagepotash.comNeither 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 StatementsThis 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, including the satisfactory design and supervision of the Company's upcoming drill program by Westrock, the achievement of positive results of the drill program, the achievement of targeting Cycle 18 horizons and continuous core recovery, the achievement of satisfactory potash evaluation and hydrogeological testing in the drill program, and the timing of the commencement of the drill program. 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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294810
Original: Sage Potash Moves Forward on Drill Program, Appoints Drake Well Service for Sage Plains Project
CA Market News
2月前
Sage Potash Announces Commencement of Drilling Program at Sage Plain Potash ProjectApril 7, 2026 9:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 7, 2026) - Sage Potash Corp. (TSXV: SAGE) (OTCQB: SGPTF) ("Sage Potash" or the "Company") is pleased to announce the commencement of a drilling program at its Sage Plain Potash Project (the "Project") located in the Paradox Basin, southwest Utah.The Company has engaged Westrock Energy Services (USA) Inc. ("Westrock") to manage the drilling program. Westrock is a full-service drilling consultancy with experience spanning more than 2,500 projects across North America. Working in close collaboration with Sage Potash's technical team, Westrock will be responsible for detailed program design, procurement and on-site supervision of all service providers, ensuring a safe, efficient, and high-quality drilling operation."This drilling program represents a major catalyst for Sage Potash as we move to unlock the full potential of the Sage Plain Project," said Pat Varas, Chief Executive Officer of Sage Potash. "Our objective is clear—expand and upgrade the existing resource base while significantly increasing geological confidence across the Project. With strong historical data and a targeted, technically rigorous program, we believe this campaign has the potential to materially advance the Project toward development and position Sage as a future low-cost, domestic supplier of potash in North America."Historical geological data confirms the presence of multiple potash-bearing evaporite cycles in the Paradox Basin in Southeastern Utah, including the highly prospective Cycle 18 Upper and Lower beds at depths of approximately 2,100 meters (6,890 ft). The planned drilling program will target these Cycle 18 horizons and include continuous core recovery for geochemical analysis to determine potash ore grades and thickness. The drilling program is designed to confirm the Project contains one of the most prospective solution mining targets in the Western United States. With its high purity, solid thickness, high concentration, and low geologic complexity, this drilling program is focused on proving that the Cycle 18 beds can be solution mined competitively with all other North American deposits.Data collected from the drilling program is expected to advance the project by expanding the Project's mineral resource, improving the resource classification, and providing key inputs for ongoing engineering and development studies.RESPEC Company LLC ("RESPEC") has been retained to deliver comprehensive on-site geological services, including core handling, detailed logging, sampling, and preparation for geochemical assaying at SRC Laboratory in Saskatoon, Saskatchewan—an internationally recognized facility for specialized potash ore analysis. RESPEC will also support all regulatory compliance activities, including permitting and licensing in accordance with State of Utah requirements.In addition to potash evaluation, the drilling program will include hydrogeological testing to assess potential water supply from shallow to deep aquifers which is an important component for future solution mining operations.This drilling program represents a critical step in Sage Potash's staged, technically driven approach to de-risking the Project and advancing toward higher-confidence economic studies. The results will inform an updated economic evaluation, focused on enhancing geological confidence, optimizing solution mining design, and refining key engineering and cost assumptions, as outlined in the Company's NI 43-101 technical report dated November 6, 2025 (with an effective date of September 8, 2025, the "Technical Report").Drilling is expected to commence in mid Q2/2026 with assay results and an updated NI 43-101 technical report anticipated in Q3/2026. With the updated technical report the Company expects to be in a position to launch a feasibility study that will lead the advancement of the Sage Plain resource.Current Resource EstimatesThe Project is underpinned by a significant potash resource located in the Paradox Basin, a geologically favorable region with a proven history of solution mining. Inferred Resources are derived from Cycle 18's upper and lower potash horizon, some of the highest quality potash resource globally.RESPEC Company LLC ("RESPEC"), the authors of the Technical Report, expressed confidence in the classification of the resource as an "inferred resource" using recent and historical well results, because the Paradox Basin is very well explored with published maps of the high-grade potash beds, coupled with 2D seismic showing bedding continuity.Key Resource Figures from the Technical Report:Total Inferred potash resource: 298 million mt; a potash resource that potentially supports production of potash and incremental capacity expansion of such production in the future.Inferred potash resource: Upper Potash Bed: 170 million mt KCl (46.1%) Lower Potash Bed: 128.2 million mt KCl (35.8%) Flat lying potash deposits with up to 7.3 meter potash seams with negligible carnallite and insoluble content.Potential Upper Bed Potash Quantities: 460-530 million mt (25-29% K2O | 40-46% KCl) within 2,400-5,000 meters of Johnson 1 drilled well.About Sage Potash Corp.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,J. Patricio Varas, CEO and Director1 (236) 521-1521Website: www.sagepotash.comFor media inquiries, please contact:Marcus van der Made, Investor RelationsIR@sagepotash.comNeither 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 StatementsThis 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, including the satisfactory design and supervision of the Company's upcoming drill program by Westrock, the achievement of positive results of the drill program, the achievement of targeting Cycle 18 horizons and continuous core recovery, the achievement of satisfactory potash evaluation and hydrogeological testing in the drill program, and the timing of the commencement of the drill program. 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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/291384
Original: Sage Potash Announces Commencement of Drilling Program at Sage Plain Potash Project
CA Market News
3月前
Sage Potash Welcomes Richard Lock to the Company's Board of DirectorsFebruary 26, 2026 9:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - February 26, 2026) - Sage Potash Corp. (TSXV: SAGE) (OTCQB: SGPTF) ("Sage Potash" or the "Company") is pleased to welcome Mr. Richard Lock to the Company's Board of Directors.Mr. Lock is a renowned mining engineer who has led the construction and development of several world class mining projects around the world. Among his many significant mine development and project construction experience, he has been project director at Rio Tinto's Resolution Copper in Arizona, Keystone Copper in Utah and the award winning Diavik Diamond mine in the NWT. Mr. Lock has held executive and project director roles at Yara International's Dallol Project, a Sulphur of Potash mining project in Ethiopia; Western Potash Corporation's Milestone project, a Muriate of Potash solution mining project in Saskatchewan; Arizona Mining Inc.'s, Hermosa project, a lead-zinc silver mine in southern Arizona and was senior vice-president of PolyMet Mining Corp. and Project Director for its NorthMet Project in Minnesota. He is the CEO and a director of Oroco Resource Corp. developing the Santo Tomas project in Northern Mexico with a large copper-gold porphyry deposit. Patricio Varas, CEO and director, commented: "We are delighted to welcome Richard to Sage's board with his extensive mine development and construction experience in the potash sector and indeed in the development of several world class mines." Mr. Varas further commented, that: "Richard's acceptance to join our board given his significant experience with important, worldwide mine development projects speaks to the quality and great investment opportunity for the Sage Plains project in the United States, where there is a crucial need for domestic production of this critical mineral." David Reid, Chairman of the Board, commented: "The ability of Pat to bring Richard on to the Company's board aligns with the board's mandate to add engineering and mine building expertise. Richard will provide invaluable guidance to the technical and engineering team that is being assembled by Sage's management for the next stage of mine development."This board appointment reflects Sage Potash's focus on the next stage of development following the filing of its Preliminary Economic Assessment technical report for its Sage Plain Potash Project, and its ongoing commitment to strong technical and financial governance as it continues to execute on its strategic objectives.About Sage PotashSage 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,
J. Patricio Varas, CEO and Director+1 (236) 521-1521
Website: www.sagepotash.comFor media inquiries, please contact: Marcus van der Made, Investor Relations - IR@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 StatementsThis 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. 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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285384
Original: Sage Potash Welcomes Richard Lock to the Company's Board of Directors
CA Market News
3月前
Sage Potash Announces Key Management Changes and Welcomes Burian and Vogelsang to the Management TeamFebruary 24, 2026 9:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - February 24, 2026) - Sage Potash Corp. (TSXV: SAGE) (OTCQB: SGPTF) ("Sage Potash" or the "Company") is pleased to announce the appointment of Martin Burian as VP Corporate Development and Greg Vogelsang as VP Project Development to the Company, strengthening Sage Potash's leadership team as it advances the development of its flagship potash project in the United States.The Company believes these additions significantly enhance Sage Potash's technical depth, corporate governance, and capital markets expertise as it moves into the next phase of execution and value creation.David Reid, Chairman of the board commented "The quality and depth of experience in project development and corporate financial markets that Patricio Varas, CEO, has attracted to Sage management team significantly upgrades Sage's technical management and ability to create value at its Sage plains project." Mr. Reid added, "The depth of potash specific mine development experience brought by Greg Vogelsang and the breadth of experience in financial markets provided by Martin Burian points to the confidence Sage has in the successful and progressive development of our Sage plains potash project." Appointment of Martin BurianMr. Burian brings 35 years of experience in finance, investment banking, and operational strategy, with deep expertise in financing, mining exploration and development companies. Over his career, he has served as Managing Director of Investment Banking for Canaccord Capital, Bolder Investment Partners, Haywood Securities, and RCI Capital Group. Mr. Burian has also held executive and operational leadership roles, including as President of Bolder Investment Partners and as CFO of Heffel Gallery Limited.Mr. Burian holds the ICD.D designation from the Institute of Corporate Directors and obtained his Chartered Professional Accountant (CPA) and Chartered Business Valuator (CBV) designations early in his career at KPMG, where he advised on mergers, acquisitions and divestitures as a member of the corporate finance advisory services group.Appointment of Greg VogelsangMr. Vogelsang is the sole practitioner and owner of Earthview Environmental Engineering Ltd. He is registered as a Professional Geoscientist and Professional Engineer and has over 35 years of experience in the mining and oil and gas industries in Canada and internationally. Mr. Vogelsang has extensive mine development experience across the potash, uranium, and gold sectors, and was actively involved in all aspects of the Western Potash Milestone selective solution mining project, gaining valuable experience during the project's exploration, environmental assessment and construction phases.In addition, Mr. Vogelsang is a past President of The Association of Professional Engineers and Geoscientists of Saskatchewan (APEGS) as well as Geoscientists Canada, and resides in Regina, Saskatchewan.Departure of Tim MizunoThe Company also announces that Tim Mizuno is no longer with Sage Potash. The Company thanks Mr. Mizuno for his contributions and service and wishes him success in his future endeavours.These executive changes reflect Sage Potash's focus on the next stage of development following the filing of its Preliminary Economic Assessment technical report for its Sage Plain Potash Project, and its ongoing commitment to strong financial governance as it continues to execute on its strategic objectives.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,
J. Patricio Varas, CEO and Director+1 (236) 521-1521
Website: www.sagepotash.com
For media inquiries, please contact: Marcus van der Made, Investor Relations - IR@sagepotash.comNeither 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 releaseCautionary Note Regarding Forward-Looking StatementsThis 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 regarding the Offering and with respect to future events or future performance of Sage Potash. 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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285023
Original: Sage Potash Announces Key Management Changes and Welcomes Burian and Vogelsang to the Management Team
CA Market News
4月前
Sage Potash Closes Second and Final Tranche of Unit OfferingJanuary 28, 2026 5:00 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - January 28, 2026) - Sage Potash Corp. (TSXV: SAGE) (OTCQB: SGPTF) ("Sage Potash" or the "Company") is pleased to announce that further to its news releases of December 15, 2025, and December 23, 2025, the Company has closed a second and final tranche of its previously announced unit private placement financing (the "Offering"), issuing an additional 7,595,000 units of the Company (the "Units") at a price of $0.20 per Unit for gross proceeds of $1,519,000. The total aggregate issuance under the Offering is 65,031,000 Units for aggregate gross proceeds of $13,006,200. Each Unit consists of one common share in the capital of the Company (a "Common Share") and one non-transferable Common Share purchase warrant (a "Warrant"). Each Warrant is exercisable to purchase one Common Share at a price of $0.30 for a period of three (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. In connection with the Offering, the Company paid applicable finders' fees and commissions in accordance with TSX Venture Exchange policies and applicable securities laws. The aggregate fees paid under the first and second tranches of the Offering consisted of payment of $733,704 in cash fees, issuance of 90,000 Common Shares and issuance of 3,749,520 finder's warrants. Each of these finder's warrants entitles the holder thereof to purchase one Common Share under the same terms as the Warrants.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 insiders of the Company acquired a total of 6,025,000 Units under the Offering (J. Patricio Varas, the Interim Chief Executive Officer of the Company, through his wholly-owned company, subscribed for an aggregate of 1,250,000 Units in the first and second tranches; Gordon Ellis, a director of the Company, subscribed for 100,000 Units in the first tranche; Matthew Lechtzier, a director of the Company, subscribed for 50,000 Units in the first tranche; and David Reid, a director of the Company, subscribed for an aggregate of 4,625,000 Units in the first and second tranches). Such participation is considered a "related party transaction" as defined under Multilateral Instrument 61-101 - Protection Of Minority Security Holders In Special Transactions ("MI 61-101"). The Offering is 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 issued to related parties nor the consideration paid by related parties exceeds 25% of the Company's market capitalization. The board of directors of the Company approved the Offering with the related parties abstaining from the approval of the issue of the Units to them. The Company did not ?file a material change report 21 days prior to completion of the related party transaction, which is consistent with market practice and the Company deems reasonable in the circumstances.The TSX Venture Exchange has conditionally approved the Offering, subject to customary final filings. This news release does not constitute an offer of sale of any of the foregoing securities in the United States. None of the foregoing securities have been nor will be registered under the U.S. Securities Act of 1933, as amended (the "1933 Act") or any applicable state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) or persons in the United States absent registration or an applicable exemption from such registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the foregoing securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.About Sage PotashSage 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,J. Patricio Varas
Interim CEO
+1 (236) 521-1521Website: www.sagepotash.comFor media inquiries, please contact: Marcus van der Made, Investor Relations – IR@sagepotash.comNeither 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 StatementsThis 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 regarding the Offering and with respect to future events or future performance of Sage Potash. 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.Not for distribution to U.S. news wire services or dissemination in the United StatesTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/281968
Original: Sage Potash Closes Second and Final Tranche of Unit Offering