In this InvestorIntel interview, Jack Lifton talks with Sage Potash Corp.’s (TSXV: SAGE) CEO Peter Hogendoorn about why potash is critical for the United States’ food security. With 40% of the global supply going offline because of sanctions on Russia and Belarus, Peter discusses how the US produces only about 3% of its potash requirements.
Peter provides an update on its Sage Plain Potash Project in southern Utah, which he says is “the largest deposit close to production in the US.” He goes on to explain how Sage Potash can help the US market save $150-225 per ton in transportation costs by sourcing the potash locally.
Speaking about the high-grade nature and favorable geology of its Sage Plain Potash Project, which could keep production cost to the lowest quartile, Peter also discusses its upcoming drill program, working on a preliminary economic assessment (PEA), and plans for a pilot plant in 2024.
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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.
To know more about Sage Potash Corp., click here.
Disclaimer: Sage Potash Corp. is an advertorial member of InvestorIntel Corp.
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