Sage Potash Announces Promotion of Patricio Varas to Permanent CEO and His Appointment to the Board of Directors
Sage Potash Announces Promotion of Patricio
Varas to Permanent CEO and His Appointment
to the Board of Directors
Vancouver, British Columbia--(Newsfile Corp. - January 29, 2026) - Further to the closing yesterday of
the second and final tranche of its highly successful $13M private placement equity financing,
Sage
Potash Corp.
(TSXV: SAGE) (OTCQB: SGPTF)
("Sage" or the "Company") is pleased to announce
the promotion of Patricio Varas to Chief Executive Officer ("CEO") on a permanent basis, and the
concurrent appointment of Mr. Varas to the Board of Directors of the Company. The appointments follow
the pivotal performance by Mr. Varas as Interim CEO, culminating in his integral leadership role in the
completion of the $13M private placement.
Mr. Varas is a distinguished geoscientist and mining executive with over 40 years' experience in mineral
exploration, mine development, finance and corporate management. Mr. Varas was a founder of
Western Potash, where he raised over $240M in capital to bring the Milestone Potash Project in
Saskatchewan from discovery through feasibility studies, environmental approvals and full mine-site
permitting, prior to selling the project to Asian investors. He has extensive experience in developing
mining and exploration projects from exploration through feasibility, not only at Milestone, but at Galore
Creek with Rio Tinto and Santo Domingo Sur with Far West Mining, as well as other diverse commodity
projects around the world. He has played integral roles in the discovery of world-class mineral deposits
and mines, including Milestone (potash - Saskatchewan), Santo Domingo Sur (Cu-Fe - Chile), and
Diavik Diamonds (NWT), and has overseen significant mineral asset sales and corporate transactions.
His technical and corporate guidance and insights have also been utilized on the boards of Domestic
Metals Corp., Aztec Metals Corp., Far West Mining Ltd., Western Potash Corp., among others.
The Company is also pleased to announce that William Grossholz has been appointed to the permanent
full-time Chief Financial Officer ("CFO") position, following his successful tenure as Interim CFO. Mr.
Grossholz holds the professional designation of CPA, CA and has extensive experience in financial
management in connection with public companies. The Board is pleased to welcome back Mr.
Grossholz to the management team.
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 -
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 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 States
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