Sage Potash Corp. Secures Key Water Rights Permit, Lowering Risks in Exploration Permitting Process
Sage Potash Corp. Secures Key Water Rights
Permit, Lowering Risks in Exploration
Permitting Process
VANCOUVER, BC
,
Aug. 15, 2023
/CNW/ -
SAGE POTASH
CORP.
(TSXV: SAGE) (OTCQB:
SGPTF) ("
Sage Potash
" or the "
Company
") is pleased to announce it has achieved an essential
milestone in its operational roadmap. The Company has obtained regulatory approval from
Utah's
Department of Natural Resources Division of Water Rights for the Fixed-Time Application that grants
Sage Potash
permission to withdraw up to 0.207 cubic feet per second (CFS) or 150 acre-feet of
brackish water annually, effective until
July 31, 2043
. Water will be procured from the proposed
access well for extraction and year-round use within the entire Sage Plain Potash Project, consisting
of over 88,000 acres of mineral leases and permit applications in
Utah's
Paradox Basin, with 2
potash beds and an inferred resource of 279.5 MMT high-grade potash.
Water rights play a crucial role in the development of solution-based potash projects, as they ensure
a sustainable supply of water for extraction purposes, which is essential for the efficient and
environmentally-friendly extraction of potash. In its commitment to aligning economic growth with
environmental sustainability, Sage Potash Corp emphasizes that its planned operations will not
impact traditional sources of irrigation, agricultural, or potable water. Instead the company will utilize
brackish water, which is primarily composed of salt and other minerals, rendering it unsuitable for
conventional uses.
Peter Hogendoorn
, CEO of
Sage Potash
, commented "In any resource project, one of the biggest
risks to advancement beyond exploration, is permitting. Receiving water/brine access rights is a key
step in de-risking the Sage Plain project since there can be no production without water. We are
advancing numerous permit applications and are extremely pleased with the support we are
receiving from the various
Utah
state agencies involved."
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/August2023/15/c6755.html
%SEDAR: 00054782E
For further information:
Peter Hogendoorn, CEO & Executive Chairman, +1(236) 836-4182,
CO: Sage Potash Corp.
CNW 08:30e 15-AUG-23