Sage Potash Corp. Successfully Concludes C$2.5 Million Private Share Placement

Sage Potash Corp. Closes C$2.5 Million Private Placement

Sage Potash Corp., a leading player in the potash mining sector, recently announced the successful closure of a C$2.5 million non-brokered private placement of common shares. This significant milestone, achieved on February 4, 2025, highlights the company's commitment to boosting its operations and advancing its strategic projects within the Paradox Basin in Utah.

Details of the Private Placement

The offering involved the issuance of a total of 12,496,940 common shares at a price of C$0.20 per share, resulting in gross proceeds amounting to C$2,499,388. The funds raised will be allocated towards general working capital, which is crucial for the company as it strives to strengthen its position in the domestic potash supply market.

As part of the transaction, Sage Potash has compensated an arm's length finder with a cash fee of $9,440. Additionally, the company issued 47,200 finder's warrants, each allowing the acquisition of one common share of Sage Potash at the same price of C$0.20 for a duration of 24 months from the issuance date.

All securities issued in relation to this placement will be subject to a hold period of four months and one day, adhering to the existing securities regulations.

Insider Participation and Regulatory Compliance

Notably, one insider of the company participated in this offering, qualifying the transaction as a 'related party transaction' under Multilateral Instrument 61-101. In accordance with the regulations, Sage Potash is relying on exemptions from the formal valuation and minority shareholder approval requirements as the transaction does not exceed 25% of the company's market capitalization.

Sage Potash’s Mission and Future Outlook

Sage Potash Corp. is dedicated solely to the Sage Plain Property located within the Paradox Basin of Utah. The company aims to enhance the domestic supply of potash, a vital mineral for agricultural production, thereby contributing to American food security through sustainable and efficient solution mining techniques.

As the global demand for fertilizers continues to rise, Sage Potash's operations are positioned to play a significant role in meeting these needs. The company's focus on integrating sustainability into its mining practices aligns with broader goals of environmental stewardship and resource management.

Investors and stakeholders in Sage Potash should remain attentive to how the utilization of these funds will affect the company's growth trajectory and overall performance. With this recent capital injection, Sage Potash is expected to continue progressing towards its operational and strategic objectives.

Conclusion

The success of this private placement is a solid indicator of Sage Potash Corp’s potential and commitment to the potash industry. As it moves forward, the groundwork laid through this financial initiative is likely to bolster not only Sage’s operational capabilities but also its standing within a competitive market. Sage Potash remains focused on navigating the challenges ahead while maintaining its mission of advancing food security through efficient resource management.

For further inquiries or details, contact Sage Potash Corp via their official website or disclosure record on SEDAR+.