Sage Potash Announces Unit Financing

Core Viewpoint - Sage Potash Corp. is initiating a non-brokered private placement to raise up to $7 million through the sale of 35 million units at a price of $0.20 per unit, which will support key engineering recommendations and operational activities [1][3]. Group 1: Offering Details - The offering consists of units, each comprising one common share and one purchase warrant, with the warrants exercisable at $0.30 for three years [2]. - All securities issued will be subject to a hold period of four months and one day from the issuance date [2][4]. Group 2: Use of Proceeds - Proceeds from the offering will primarily fund the commencement of work recommended by RESPEC LLC, including drilling a stratigraphic hole, drill core analysis, and engineering review [3]. - Additional funds will be allocated for working capital and general administrative expenses [3]. Group 3: Strategic Importance of Drilling - The stratigraphic drillhole aims to provide critical data for mine design and enhance confidence in resource estimates, potentially upgrading resources from inferred to indicated and measured categories [5]. - The drill results will facilitate the initiation of a Bankable Feasibility Study, with high geological confidence based on existing seismic data and nearby well results [5]. Group 4: Company Overview - Sage Potash Corp. is focused on developing its Sage Plain Potash Project in the Paradox Basin, Utah, aiming to establish a sustainable domestic potash production platform [6]. - The company emphasizes its commitment to food security, environmental stewardship, and shareholder value creation [6].