SAGE Potash Appoints Tim Mizuno as President and Chief Operating Officer and Announces Loan Agreement
FOR IMMEDIATE RELEASE
SAGE POTASH APPOINTS TIM MIZUNO AS PRESIDENT AND CHIEF OPERATING
OFFICER AND ANNOUNCES LOAN AGREEMENT
VANCOUVER, BC, April 21, 2025 /CNW/ – Sage Potash Corp. (TSXV: SAGE) (OTC: SGPTF)
(“Sage Potash” or the “Company”) is pleased to announce the appointment of Tim Mizuno
as President and Chief Operating Officer (COO). With extensive experience in the global
agricultural and fertilizer industries, Mr. Mizuno will play a pivotal role in transitioning Sage
Potash from project development to a production-oriented business.
“Mr. Mizuno’s leadership experience in the potash industry makes him an exceptional fit for
the Company as we progress towards potash production in the United States. Sage Potash
is committed to becoming a leader in sustainable production of this critical mineral, and we
are excited to have Mr. Mizuno on board as we work towards this goal ,” said Peter
Hogendoorn, CEO of Sage Potash.
As President and COO, Mr. Mizuno will oversee the Company’s operational and commercial
strategies working directly with suppliers, customers, investors and other stakeholders.
Mr. Mizuno comes to Sage Potash with industry -leading experience and a winning track
record in several leadership roles at Nutrien, the world’s largest potash producer.
Specifically, his experience leading strategic teams in the potash industry will amplify Sage
Potash’s competitive adva ntages as an ‘in -market’ potash producer with scalable
production enabled by low-emission solution mining.
Mr. Mizuno said, “Sage Potash has a unique opportunity to be an industry leader, using
proven technologies to sustainably produce potash to support global food security, and I am
excited to be a part of that.”
As President and COO, the Company has agreed that Mr. Mizuno’s compensation includes
a signing bonus grant of two (2) million stock options, with each such option exercisable to
purchase one common share of the Company at a price of C$0.25 for a period of five (5)
years from the date of issue. The grant of options is made pursuant to the Company’s stock
option plan and is subject to the vesting provisions contained therein and to the approval by
the shareholders of the Company at its next AGM.
Sage Potash also announces that it has entered into a loan facility agreement (the “ Loan
Agreement”) with Inter World Investments (Canada) Ltd. (the “ Lender”) dated April 17 ,
2025 for an unsecured loan facility of US$1,050,000 (the “Loan”).
The Loan will have a term of two (2) years, subject to acceleration upon the occurrence of
certain events, and will bear interest at a rate of 7% per annum. The Lender is an arm’s length
party to the Company. The purpose of the Loan is to support the Company’s general working
capital and operational needs.
As bonus compensation for advancing the Loan on the terms and conditions provided in the
Loan Agreement, including the unsecured nature of the Loan, subject to acceptance by the
TSX Venture Exchange (“ TSXV”), the Company will issue to the Lender 5,819,940 non-
transferable warrants (“ Bonus Warrants ”), with each Bonus Warrant exercisable to
purchase one common share of the Company at a price of C$0.25 for a period of two (2)
years from the date of issue.
The Bonus Warrants will be issued pursuant to TSXV Policy 5.1 – Loans, Loan Bonuses,
Finder’s Fees and Commissions and are subject to the approval of the TSXV. Any securities
issued in connection with the Loan Agreement will be subject to a statutory four month hold
period.
In connection with the Loan Agreement, Sage Potash will also pay a loan facility fee of
US$50,000 (the “Loan Facility Fee”) to RCI Capital Group Inc. (“RCI”) in consideration and
recognition of RCI introducing Sage Potash to the Lender and otherwise facilitating the Loan.
The Company further intends to carry out a convertible debenture financing ( the “ CD
Financing”) with the assistance of RCI. Pursuant to the Loan Agreement, t he Loan can be
rolled into the CD Financing and , in such case, all amounts accru ed or otherwise
outstanding under the Loan, including the principal and interest accrued thereon, will be
converted into the convertible debentures on the same terms as under, and concurrently
with the closing of, such CD financing.
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.sedarplus.ca) or contact the Company
by email at [email protected].
On Behalf of the Board of Directors,
Peter Hogendoorn
CEO & Executive Chairman
+1(604) 764-2158
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 Potash and with
respect to the Loan, including the use of proceeds thereof and the proposed issuance of the Bonus
Warrants. 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.
For media inquiries, please contact: Marcus van der Made, Investor Relations. Sage Potash
Corp[Phone Number][Email Address]