SAGE Potash Corp. Partners with Leading Global Engineering Firm Respec Llc. to Advance SAGE Plains Potash Project IN Southern Utah
SAGE POTASH CORP. PARTNERS WITH
LEADING GLOBAL ENGINEERING FIRM
RESPEC LLC. TO ADVANCE SAGE PLAINS
POTASH PROJECT IN SOUTHERN UTAH
VANCOUVER, BC
,
March 27, 2023
/CNW/ -
SAGE POTASH CORP.
(TSXV: SAGE) ("
Sage
Potash
" or the "
Company
") is pleased to announce its ongoing partnership with RESPEC LLC.
("RESPEC"), a best-in-class global engineering firm specializing in integrated technology solutions
for mining, energy, infrastructure, water and natural resources. As leaders in potash solution mining
consulting and engineering, RESPEC has successfully executed numerous projects worldwide and
consulted for some of the largest potash producers including Rio Tinto, North Atlantic Potash,
Potash Corporation of
Saskatchewan
(PCS) (now Nutrien), CanPacific, Sennen Resources and
others.
Beginning in
January 2022
, RESPEC was engaged by
Sage Potash
to reinitiate engineering
preparations to include the planning, design and execution of a Phase 1 Drill Hole Program and the
preparation of a Preliminary Economic Assessment (PEA) toward the development of a pilot potash
production facility. RESPEC will also be completing the corresponding permit applications for the
Sage Plains project.
RESPEC Phase One Program consists of a step-out geological hole, the Sage 1 Well, located
700m
from the Johnson 1 Well, that could double as a cavern development test well. A water brine supply
well and a disposal well will be completed as part of the program. With these results, RESPEC will
continue with the preparation of a PEA technical report for the Sage Plain Potash project (the
"project") located near the town of
Monticello, Utah
in the Paradox Basin – potentially the largest
undeveloped potash deposit in
the United States
.
Figure 1. Proposed Water and Disposal Well Locations (with caverns) (CNW Group/Sage Potash
Corp.)
Sage Plain's Optimal Formation for Solution Mining:
Potash is extracted using either traditional underground mining or solution mining methods. Solution
mining utilizes water or brine (solvent) to dissolve soluble minerals such as potash, magnesium or
other salts. Wells are drilled down to the salt deposits, and the solvent is injected into the ore body
to dissolve it. The solution is then pumped to the surface, and the minerals are recovered through
evaporation and recrystallization of the potash salts (KCL). When viable, solution mining is an
attractive extraction method as it offers many advantages, including lower CAPEX, less surface and
environmental impacts, scalability and more rapid development of the deposit.
The Sage Plain deposit is well-suited for solution mining due to its optimal formation temperature of
68°C (154°F) and high purity. At this temperature, KCL is readily soluble, boosting energy efficiency
and lowering operating costs.
"We continue to foster a great working relationship with the RESPEC team as a trusted partner in
the planning of our pilot-scaled potash production test," commented Sage's CEO
Peter Hogendoorn
.
"RESPEC has done a terrific job for Sage and have demonstrated valuable expertise in project
management and development, engineering design work, geoscience and integrated technology
solutions for our industry."
The Sage Plain Potash project comprises over 83,000 acres of State and Private Mineral Leases
and BLM Prospecting Permits in
San Juan County, Utah
, USA.
About RESPEC Consulting Inc.
RESPEC was founded in
Rapid City, South Dakota
in 1969 and operates in 14 states and two
Canadian provinces. RESPEC's projects and products have been completed for clients in seven
continents and 50 countries. Underground. Aboveground. Natural. Technical. Digital. Inside.
Outside. On-Site. No matter the market, RESPEC integrates solutions tailored to clients' and
communities' needs. RESPEC unites engineering and applied sciences with technology, professional,
and creative services so that everyone receives cutting-edge outcomes. RESPEC finds answers that
work for the needs at hand. RESPEC's diversified team can handle projects ranging from early-
stage exploration to multi-disciplinary feasibility studies.
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
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/March2023/27/c4808.html
%SEDAR: 00054782E
For further information:
Peter Hogendoorn, CEO & Executive Chairman, +1(236) 836-4182,
[email protected], Website: www.sagepotash.com
CO: Sage Potash Corp.
CNW 08:30e 27-MAR-23