Sage Potash Closes First Tranche of Unit Financing

Core Viewpoint - Sage Potash Corp. has successfully closed the first tranche of its private placement financing, raising a total of $11,487,200 through the issuance of 57,436,000 units at a price of $0.20 per unit [2][3]. Financing Details - The offering consists of units, each comprising one common share and one non-transferable warrant, with the warrants exercisable at $0.30 for three years [2]. - The proceeds will primarily fund key recommendations from RESPEC LLC's Preliminary Economic Assessment, including drilling and engineering reviews, as well as general working capital [3]. - Finders received a 6% fee in cash or common shares, along with non-transferable broker warrants [4]. Related Party Transactions - Certain directors and officers participated in the offering, which is classified as a "related party transaction" but is exempt from formal valuation and minority shareholder approval due to the company's market capitalization [5]. Future Plans - The final tranches of the offering are anticipated to close in January 2026, with conditional approval from the TSX Venture Exchange [6]. Company Overview - Sage Potash Corp. is focused on developing its flagship Sage Plain Potash Project in Utah, aiming to establish a sustainable domestic potash production platform in the U.S. [7].