Sage Potash Obtains Approval for US$14 Million USDA Grant to Advance Project

Core Viewpoint - Sage Potash Corp. has received a US$14 million grant from the USDA to support the development of its Sage Plain Potash Project, which aims to produce 300,000 tonnes of potash per year in Utah, thereby enhancing domestic potash capacity for U.S. farmers [1][2][5]. Group 1: Project Development - The USDA grant will significantly contribute to the financing strategy for the construction of the potash project [1][4]. - The project is expected to create approximately 100 well-paying jobs in San Juan County, Utah, utilizing proven solution-mining techniques that enhance safety and reduce environmental impacts compared to conventional methods [3][4]. - Sage Potash is advancing permitting and a Preliminary Economic Assessment (PEA) with the support of RESPEC, which includes a third-party review of project economics and environmental studies [4]. Group 2: Industry Context - Potash is a critical nutrient for plant growth and global food security, with over 90% of U.S. consumption being imported [5]. - The addition of potash to the critical minerals list by the U.S. Federal administration provides Sage Potash access to federal funding and tax credit opportunities [5][6]. - The USDA grant is part of the Fertilizer Product Expansion Program aimed at increasing the manufacturing and processing of fertilizers in the U.S. [7].