Sage Potash Announces Second Financing Upsize to $12 Million
Sage Potash Announces Second Financing
Upsize to $12 Million
Vancouver, British Columbia--(Newsfile Corp. - December 11, 2025) - Sage Potash Corp. (TSXV:
SAGE) (OTCQB: SGPTF) ("Sage Potash" or the "Company") is pleased to announce that, due to
continued and significant investor interest, it has further upsized its previously announced non-brokered
private placement (the "Offering") from $10 million to $12 million.
The Offering will now consist of up to 60,000,000 units of the Company (the "Units") at a price of $0.20
per Unit, with each Unit comprising one common share in the capital of the Company (a "Common
Share") and one non-transferable Common Share purchase warrant (a "Warrant"). Each Warrant will be
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. 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.
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.
Closing of the Offering is subject to TSX Venture Exchange acceptance.
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
Interim CEO
+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
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/277789