Sage Potash Announces Engagement of Connecticut-Based Investment Bank ACP Capital Markets as Exclusive Financial Advisor
Sage Potash Announces Engagement of
Connecticut-Based Investment Bank ACP
Capital Markets as Exclusive Financial Advisor
VANCOUVER, BC
,
Nov. 21, 2023
/CNW/ -
Sage Potash Corp.
(TSXV: SAGE) (OTCQB: SGPTF)
("
Sage Potash
" or the "
Company
") is pleased to announce its collaboration with
Connecticut
-based
investment bank,
ACP Capital Markets
(referred to as "
ACP
"). ACP will serve as the exclusive
financial advisor to Sage Potash, bolstering the company's near-term financing goals. This
collaboration is poised to ignite Sage Potash's district-scale Sage Plains Potash Project situated in
Utah's
prolific Paradox Basin.
Sage Potash is actively advancing the Sage Potash project, focusing Resource Definition, and
permitting that will allow for drilling of geological wells that will double as water access, cavern
development and waste disposal wells, all of which will support the establishment of an initial
demonstration (pilot potash recovery) plant. ACP will work closely with Sage Potash to secure the
necessary funding required to execute the establishment of a 20,000 to 50,000 TPY operation. This
initial production phase will not only kickstart project cash flow but also provide valuable insights into
solution mining production methods, facilitating further refinement and scalability.
This partnership underscores Sage Potash's commitment to the success of the Sage Plains potash
project and represents a significant step toward realizing its full potential.
Peter Hogendoorn
, CEO of Sage Potash Corp., expressed, "We are pleased to announce our
partnership with ACP Capital Markets. Their expertise and deep reach to knowledgeable AG
investors and strategic partners will be key to creating a financial structure that leverages valuation
at the project level. ACP has a proven track record of unlocking agriculture asset value throughout
the agriculture supply chain, making them the perfect collaborator for our journey ahead. Their
involvement will play a significant role in driving our mission to advance the Sage Plain Project as the
only significant potash deposit that is able to insulate American potash production from global market
fluctuations. ACP's client universe understands these growing complexities and the need to establish
domestic supply of potash for national food security."
Mark Bishop
, Managing Director and Head of Resources at ACP Capital Markets, commented, "As
long-term players in the US and Latin American agribusiness sector, partnering with Sage Potash
represents an exceptional opportunity for our relationship base and for Sage. Sage's commitment to
revolutionising the landscape by bringing a strategic asset to production aligns perfectly with our
mission to drive exceptional financial growth and set new benchmarks within this sector. We share
the vision to provide America with a domestic supply of potash, essential for retaining true food
independence. This partnership heralds an exciting journey ahead, marking a significant step
towards unlocking shareholder value. ACP is proud to be a key piece in this transformative puzzle
and are enthusiastic about the imense potential for Sage."
About ACP Capital Markets
ACP Capital Markets specializes in providing capital markets services to companies seeking
assistance with private debt and private equity needs typically within underserved geographies and
sectors as well as to provide M&A/Advisory services. The firm is staffed by 15 producing bankers,
many of whom were previously at Salomon Brothers, UBS and other bulge bracket institutions, and
focuses primarily on asset-driven sectors including resources and their verticals (mining, commercial
scale agribusiness, water and upstream energy), power generation, transportation/logistics,
telecommunications and defense/security. ACP specializes in cross-border financing principally within
Latin America
and supports issuers within the OECD including
North America
and
Australia
within its
sector disciplines. The firm sources capital primarily from its established network of institutional
investors including private equity, special credit funds and selectively from strategic operators
globally.
About Sage Potash Corp.
Sage Potash is a Canadian company vested solely in the Sage Plain Property and intends through
sustainable solution mining techniques to become a prominent domestic potash producer within the
Paradox Basin situated in
Utah
. For further information, please refer to the Company's disclosure
record on SEDAR (
www.sedar.com
) or contact the Company by email at
.
On Behalf of the Board of Directors,
Peter Hogendoorn
CEO & Executive Chairman
+1 (236) 836-4182
Website:
www.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 Statements
This 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,
including completing a step out pilot production well that will double as a resource definition drill
hole, advancing preliminary engineering and feasibility towards a PEA, completing 3D seismic and
step-out well and new resource calculations [MA1] , and management's expectations regarding
Sage's growth. Forward-looking statements and information are subject to various known and
unknown risks and uncertainties, many of which are beyond the ability of Sage to control or
predict, that may cause Sage'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" in the Company's final non-offering long form
prospectus dated
March 2, 2023
available for review on the Company's profile at
www.sedar.com
.
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.
ACP Capital Markets (CNW Group/Sage Potash Corp.)
SOURCE
Sage Potash Corp.
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http://www.newswire.ca/en/releases/archive/November2023/21/c1594.html
%SEDAR: 00054782E
For further information:
Peter Hogendoorn, CEO & Executive Chairman, +1 (236) 836-4182,
CO: Sage Potash Corp.
CNW 08:30e 21-NOV-23