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Sage Potash Corp. ( (TSE:SAGE) ) has shared an announcement.
Sage Potash Corp. has closed the first tranche of its previously announced private placement, raising approximately $11.5 million through the issuance of 57.4 million units priced at $0.20, each comprising one common share and one three‑year warrant exercisable at $0.30. The proceeds will fund key technical work recommended in its recent preliminary economic assessment, including drilling and engineering studies on the Sage Plain project, as well as general working capital, while related‑party participation is being handled under standard TSX Venture and MI 61‑101 exemptions and additional tranches are expected to close in January 2026, underscoring the company’s progression from assessment toward potential development of its Utah potash asset.
More about Sage Potash Corp.
Sage Potash Corp. is a potash exploration and development company focused on advancing its flagship Sage Plain Potash Project in the Paradox Basin, Utah. Leveraging a large, high‑grade resource base, the company aims to build a secure, sustainable domestic potash production platform in the United States, with an emphasis on food security, environmental stewardship and long‑term value creation for shareholders and stakeholders.
Average Trading Volume: 546,555
Technical Sentiment Signal: Sell
Current Market Cap: C$22.9M
Find detailed analytics on SAGE stock on TipRanks’ Stock Analysis page.