SAGE Potash Corp. Announces Expansion of Land Package IN Potash- Rich Paradox Basin Expanding SAGE Plain Project IN Southern Utah
SAGE POTASH CORP. ANNOUNCES
EXPANSION OF LAND PACKAGE IN POTASH-
RICH PARADOX BASIN EXPANDING SAGE
PLAIN PROJECT IN SOUTHERN UTAH
VANCOUVER, BC
,
April 11, 2023
/CNW/ -
SAGE POTASH CORP.
(TSXV: SAGE) ("
Sage Potash
"
or the "
Company
") is pleased to announce the expansion of its district-scale potash project situated
in
Utah's
prolific Paradox Basin, known to host extensive underdeveloped world-class potash
resources (approximately 2 billion tons, according to the
US Geological Survey
).
Additionally to the previously disclosed land portfolio consisting of 83,000 acres of State and Private
Mineral leases and BLM prospecting permit applications, the company has negotiated and agreed
on terms for the acquisition of 5,118.78 acres of private leases.
The combined landholdings of the Sage Plain projects now totals 88,118.78 acres representing an
increase of ~6% of the total land package.
J.
Patricio Varas
, Sage's COO & VP of Exploration commented, "Due to the nature of potash
deposits and the rather flat lying topography of the deposits - as evidenced by our 2D seismic data
and correlated between the Johnson 1 exploration well and the Western Natural Gas well, located
2.2 km away - an increase in private leases will equate to an increase in the resources outlined in
our 43-101 technical report."
Figure 1. Sage Plain Area of Interest (CNW Group/Sage Potash Corp.)
Sage's CEO
Peter Hogendoorn
stated, "The magnitude of our land portfolio in the potash-rich
Paradox Basin is amplified by today's announcement. Securing a controlling interest in the private
mineral rights adjacent to the Sage Plain Project and the Johnson 1 exploration well is a key step
forward in the development of the project, giving not only the ability to increase our resource, but
also plan for future surface infrastructure."
Additionally the Company has entered into advertising and investor awareness campaigns with Dig
Media Inc. dba Investing News Network (INN), SmallCap Communications, and Digitonic Limited
("Digitonic"), VHLA Media Inc, and Triomphe Holdings Ltd. (doing business as Capital Analytica).
INN is a private company headquartered in
Vancouver, Canada
, dedicated to providing independent
news and education to investors since 2007 at
www.investingnews.com
. For the 12 month term of
the agreement, INN will provide advertising to increase awareness of the issuer. INN does not
provide Investor Relations or Market Making services. The cost of the campaign is
CAD$72,000
and
is payable in standard net 30 terms. INN currently holds no securities in Sage Potash Corp.
SmallCap Communications Inc. is engaged for a one-year period which includes a monthly fee of
CAD$5,000
+ GST per month and a
CAD$25,000
+ GST influencer and content marketing budget.
SmallCap Communications Inc. (including its directors and officers) does not own any securities of
the Company.
Digitonic is to provide content creation and digital and video marketing services over a period of
approximately 1 months for a total cost of
US$15,000
, with the fees to be allocated to media
spending and for management fees. As of the date hereof, to the Company's knowledge Digitonic
(including its directors and officers) does not own any securities of the Company.
VHLA Media is to provide content creation and digital and video marketing services over a period of
approximately 1 months for a total cost of
CAD$12,000
, with the fees to be allocated to media
spending and for management fees. As of the date hereof, to the Company's knowledge VHLA
(including its directors and officers) does not own any securities of the Company.
Capital Analytica has agreed to provide investor relations and communications services to the
company in exchange for an aggregate amount of
CAD$120,000
. The services will include continuing
social media consultation regarding engagement and enhancement, social sentiment reporting, social
engagement reporting, discussion forum monitoring and reporting, corporate video dissemination,
and investor relations services. The term of the Capital Analytica agreement is for a period of six
months. As of the date hereof, to the Company's knowledge Capital Analytica (including its directors
and officers) does not own any securities of the Company.
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 judgment 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.
SOURCE
Sage Potash Corp.
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http://www.newswire.ca/en/releases/archive/April2023/11/c5840.html
%SEDAR: 00054782E
For further information:
Peter Hogendoorn, CEO & Executive Chairman, +1(236) 836-4182,
CO: Sage Potash Corp.
CNW 08:00e 11-APR-23