Sage Potash Obtains Approval for US$14 Million USDA Grant to Advance Project Significant progress on technical studies, permitting and engineering
Sage Potash Obtains Approval for US$14
Million USDA Grant to Advance Project
Significant progress on technical studies, permitting and
engineering
Vancouver, British Columbia--(Newsfile Corp. - September 2, 2025) - Sage Potash Corp. (TSXV:
SAGE) (OTCQB: SGPTF) ("
Sage Potash
" or the "
Company
"), a Canadian company focused on
developing its
Sage Plain Potash Project located in the Paradox Basin, Utah
, has obtained
approval for a US$14 million grant from the United States Department of Agriculture (USDA) through its
wholly owned subsidiary, Sage Potash (USA) Corporation. Funding will support Sage Potash's financing
strategy for the construction of a 300,000 tonnes-per-year potash project in the United States.
"The USDA grant underscores the importance of increasing domestic potash capacity to serve U.S.
farmers and Sage is uniquely positioned to build incremental capacity in-market that is derisked in terms
of capital, time to production and execution. This grant brings Sage Potash one step closer to planned
production and accelerates partnering and financing efforts", said Tim Mizuno, President and Chief
Operating Officer.
"The project is expected to create approximately 100 well-paying jobs in the San Juan County of Utah,
and uses proven solution-mining techniques that are expected to improve safety and environmental
impacts relative to conventional potash mining," added Tim.
The USDA grant represents a significant portion of expected project costs to produce 300,000 tonnes-
per-year of potash. Additionally, Sage Potash is advancing permitting and a Preliminary Economic
Assessment (PEA) with the support of RESPEC, a leading company in potash deposits and mine
development. The PEA includes third party review of estimated project economics, costs and a
summary of already completed cultural, environmental and ecological studies that resulted in no
mitigation required. Sage Potash expects the final PEA before the end of the third quarter of 2025.
Potash is a primary nutrient, essential for plant growth and global food security. More than 90 percent of
potash consumed in the United States is imported, mostly from Canada, the Former Soviet Union and
the Middle East. Following President Trump's Executive order in May of 2025, potash was added to the
draft list of critical minerals for the Department of the Interior and U.S. Geological Survey on August 25,
2025, thereby providing access to Federal funding and tax credit opportunities of Sage Potash.
"Sage applauds the U.S. Federal administration's decision to add potash to the critical mineral list and
is grateful for the USDA grant. With this support, we are well positioned to help grow domestic potash
production, derisk the foreign supply chain for American Farmers and create long-term value for our
shareholders," Peter Hogendoorn, Chief Executive Officer.
The USDA grant was approved under the Fertilizer Product Expansion Program that helps to increase
the manufacturing and processing of fertilizer and nutrients and their availability in the United States.
Certain terms and conditions are attached to receiving the grant and the Company will provide further
updates as these conditions are met.
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
.
On Behalf of the Board of Directors
Peter Hogendoorn
Chief Executive Officer
(604) 764-2158
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 the use of
proceeds thereof. 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
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/264649