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Sage Potash Corp. (TSXV: SAGE,OTC:SGPTF) (OTCQB: SGPTF) (“Sage Potash” or the “Firm”) publicizes a non-brokered personal placement of as much as 35,000,000 items of the Firm (“Models”) at a value of $0.20 per Unit for gross proceeds of as much as $7 million (the “Providing”).
Every Unit will consist of 1 widespread share within the capital of the Firm (a “Frequent Share”) and one Frequent Share buy warrant of the Firm (a “Warrant”). All securities issued below the Providing can be topic to a maintain interval of 4 months and in the future from the date of issuance below relevant securities legal guidelines.
Every Warrant can be exercisable to buy one Frequent Share at a value of $0.30 for a interval of three years from the date of closing of the Providing.
Proceeds of the Providing can be used primarily to begin the work essential to hold out key suggestions made by internationally acknowledged engineering agency, RESPEC LLC, within the Firm’s not too long ago filed Preliminary Financial Evaluation (see November 6, 2025 information launch), together with drilling of a stratigraphic gap, drill core evaluation and testing and engineering evaluation. The proceeds may also be used for working capital and for normal and administrative expense functions.
The Firm could pay finders’ charges in money and/or securities of the Firm in reference to the Providing.
Commenting on the Firm’s plan to drill the stratigraphic gap, RESPEC LLC acknowledged, “A well-placed stratigraphic drillhole supplies key knowledge to advance mine design and enhance confidence in useful resource estimates, supporting potential useful resource upgrades to reserves.* The target for this drillhole is to substantiate the mineralized thickness and grade and will allow upgrading a portion of the useful resource from inferred to indicated and measured. Drill outcomes and assortment of further coring knowledge will permit the graduation of the Bankable Feasibility Research. Our present geological confidence is excessive based mostly on the 2D seismic knowledge and the close by Johnson 1 nicely (which the present useful resource estimate relies on). The extra stratigraphic drillhole is anticipated to additional enhance our geological confidence degree, enabling the useful resource to probably be expanded and upgraded.”
About Sage Potash
Sage Potash Corp. (TSXV: SAGE,OTC:SGPTF) (OTCQB: SGPTF) is devoted to the event of its flagship Sage Plain Potash Undertaking, positioned within the Paradox Basin, Utah. With a big and high-grade useful resource base, the Firm is advancing towards its purpose of building a safe and sustainable home potash manufacturing platform in the USA. Sage Potash is dedicated to meals safety, environmental stewardship, and creating worth for shareholders and stakeholders alike.
On Behalf of the Board of Administrators,
Neither the TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts duty for the adequacy or accuracy of this launch.
Cautionary Notice Concerning Mineral Assets
* Mineral sources don’t have a demonstrated financial worth, and additional exploration could not consequence within the estimation of a mineral reserve or allow the improve of present sources to a measured and indicated classification.
Cautionary Notice Concerning Ahead-Wanting Statements
This information launch comprises “forward-looking data” and “forward-looking statements” throughout the that means of relevant securities laws. The forward-looking statements herein are made as of the date of this information launch solely, and the Firm doesn’t assume any obligation to replace or revise them to replicate new data, estimates or opinions, future occasions or outcomes or in any other case, besides as required by relevant regulation. Typically, however not all the time, forward-looking statements may be recognized by means of phrases resembling “plans”, “expects”, “is anticipated”, “budgets”, “scheduled”, “estimates”, “forecasts”, “predicts”, “tasks”, “intends”, “targets”, “goals”, “anticipates” or “believes” or variations (together with destructive variations) of such phrases and phrases or could also be recognized by statements to the impact that sure actions “could”, “may”, “ought to”, “would”, “may” or “will” be taken, happen or be achieved. Ahead-looking data on this information launch consists of, however will not be restricted to, statements relating to the Providing and with respect to future occasions or future efficiency of Sage Potash. Ahead-looking statements and data are topic to varied recognized and unknown dangers and uncertainties, lots of that are past the power of the Firm to regulate or predict, which will trigger the Firm’s precise outcomes, efficiency or achievements to be materially totally different from these expressed or implied thereby, and are developed based mostly on assumptions about such dangers, uncertainties and different elements set out herein, together with, however not restricted to, the chance elements set out below the heading “Danger Components and Uncertainties” within the Firm’s Administration’s Dialogue & Evaluation out there for evaluation below the Firm’s profile at www.sedarplus.ca. Such forward-looking data represents administration’s finest judgement based mostly on data at the moment out there. No forward-looking assertion may be assured and precise future outcomes could differ materially. Accordingly, readers are suggested to not place undue reliance on forward-looking statements or data.
Not for distribution to U.S. information wire providers or dissemination in the USA
To view the supply model of this press launch, please go to https://www.newsfilecorp.com/launch/277388
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