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The latest announcement is out from Sage Potash Corp. ( (TSE:SAGE) ).
Sage Potash Corp. has announced a non-brokered private placement of up to 35 million units at $0.20 per unit, aiming to raise $7 million. The proceeds will primarily fund key recommendations from a Preliminary Economic Assessment by RESPEC LLC, including drilling a stratigraphic hole to enhance resource estimates and advance mine design. This strategic move is expected to increase geological confidence and potentially upgrade the resource classification, supporting the company’s goal of expanding its domestic potash production capabilities.
More about Sage Potash Corp.
Sage Potash Corp. is focused on developing its flagship Sage Plain Potash Project in the Paradox Basin, Utah. The company aims to establish a secure and sustainable domestic potash production platform in the United States, emphasizing food security, environmental stewardship, and value creation for shareholders and stakeholders.
Average Trading Volume: 362,639
Technical Sentiment Signal: Sell
Current Market Cap: C$25.95M
See more data about SAGE stock on TipRanks’ Stock Analysis page.