16:42:05 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Sage Potash Corp
Symbol SAGE
Shares Issued 54,141,193
Close 2023-11-20 C$ 0.165
Market Cap C$ 8,933,297
Recent Sedar Documents

Sage Potash hires ACP Capital as financial adviser

2023-11-21 13:39 ET - News Release

Mr. Peter Hogendoorn reports

SAGE POTASH ANNOUNCES ENGAGEMENT OF CONNECTICUT-BASED INVESTMENT BANK ACP CAPITAL MARKETS AS EXCLUSIVE FINANCIAL ADVISOR

Sage Potash Corp. has arranged a collaboration with Connecticut-based investment bank, ACP Capital Markets. ACP will serve as the exclusive financial advisor to Sage Potash, bolstering the company's near-term financing goals. This collaboration is poised to ignite Sage Potash's district-scale Sage Plains Potash Project situated in Utah's prolific Paradox Basin.

Sage Potash is actively advancing the Sage Potash project, focusing Resource Definition, and permitting that will allow for drilling of geological wells that will double as water access, cavern development and waste disposal wells, all of which will support the establishment of an initial demonstration (pilot potash recovery) plant. ACP will work closely with Sage Potash to secure the necessary funding required to execute the establishment of a 20,000 to 50,000 TPY operation. This initial production phase will not only kickstart project cash flow but also provide valuable insights into solution mining production methods, facilitating further refinement and scalability.

This partnership underscores Sage Potash's commitment to the success of the Sage Plains potash project and represents a significant step toward realizing its full potential.

Peter Hogendoorn, CEO of Sage Potash Corp., expressed, "We are pleased to announce our partnership with ACP Capital Markets. Their expertise and deep reach to knowledgeable AG investors and strategic partners will be key to creating a financial structure that leverages valuation at the project level. ACP has a proven track record of unlocking agriculture asset value throughout the agriculture supply chain, making them the perfect collaborator for our journey ahead. Their involvement will play a significant role in driving our mission to advance the Sage Plain Project as the only significant potash deposit that is able to insulate American potash production from global market fluctuations. ACP's client universe understands these growing complexities and the need to establish domestic supply of potash for national food security."

Mark Bishop, Managing Director and Head of Resources at ACP Capital Markets, commented, "As long-term players in the US and Latin American agribusiness sector, partnering with Sage Potash represents an exceptional opportunity for our relationship base and for Sage. Sage's commitment to revolutionising the landscape by bringing a strategic asset to production aligns perfectly with our mission to drive exceptional financial growth and set new benchmarks within this sector. We share the vision to provide America with a domestic supply of potash, essential for retaining true food independence. This partnership heralds an exciting journey ahead, marking a significant step towards unlocking shareholder value. ACP is proud to be a key piece in this transformative puzzle and are enthusiastic about the imense potential for Sage."

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 info@sagepotash.com.

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