VANCOUVER, BC, Nov. 21,
2023 /CNW/ - Sage Potash Corp. (TSXV: SAGE)
(OTCQB: SGPTF) ("Sage Potash" or the "Company") is
pleased to announce its collaboration with Connecticut-based investment bank, ACP
Capital Markets (referred to as "ACP"). ACP will
serve as the exclusive financial advisor to Sage Potash, bolstering
the company's near-term financing goals. This collaboration is
poised to ignite Sage Potash's district-scale Sage Plains Potash
Project situated in Utah's
prolific Paradox Basin.
Sage Potash is actively advancing the Sage Potash project,
focusing Resource Definition, and permitting that will allow for
drilling of geological wells that will double as water access,
cavern development and waste disposal wells, all of which will
support the establishment of an initial demonstration (pilot potash
recovery) plant. ACP will work closely with Sage Potash to secure
the necessary funding required to execute the establishment of a
20,000 to 50,000 TPY operation. This initial production phase will
not only kickstart project cash flow but also provide valuable
insights into solution mining production methods, facilitating
further refinement and scalability.
This partnership underscores Sage Potash's commitment to the
success of the Sage Plains potash project and represents a
significant step toward realizing its full potential.
Peter Hogendoorn, CEO of Sage
Potash Corp., expressed, "We are pleased to announce our
partnership with ACP Capital Markets. Their expertise and deep
reach to knowledgeable AG investors and strategic partners will be
key to creating a financial structure that leverages valuation at
the project level. ACP has a proven track record of unlocking
agriculture asset value throughout the agriculture supply chain,
making them the perfect collaborator for our journey ahead. Their
involvement will play a significant role in driving our mission to
advance the Sage Plain Project as the only significant potash
deposit that is able to insulate American potash production from
global market fluctuations. ACP's client universe understands these
growing complexities and the need to establish domestic supply of
potash for national food security."
Mark Bishop, Managing Director
and Head of Resources at ACP Capital Markets, commented, "As
long-term players in the US and Latin American agribusiness sector,
partnering with Sage Potash represents an exceptional opportunity
for our relationship base and for Sage. Sage's commitment to
revolutionising the landscape by bringing a strategic asset to
production aligns perfectly with our mission to drive exceptional
financial growth and set new benchmarks within this sector. We
share the vision to provide America with a domestic supply of
potash, essential for retaining true food independence. This
partnership heralds an exciting journey ahead, marking a
significant step towards unlocking shareholder value. ACP is
proud to be a key piece in this transformative puzzle and are
enthusiastic about the imense potential for Sage."
About ACP Capital
Markets
ACP Capital Markets specializes in providing capital markets
services to companies seeking assistance with private debt and
private equity needs typically within underserved geographies and
sectors as well as to provide M&A/Advisory services. The firm
is staffed by 15 producing bankers, many of whom were previously at
Salomon Brothers, UBS and other bulge bracket institutions, and
focuses primarily on asset-driven sectors including resources and
their verticals (mining, commercial scale agribusiness, water and
upstream energy), power generation, transportation/logistics,
telecommunications and defense/security. ACP specializes in
cross-border financing principally within Latin America and supports issuers within the
OECD including North America and
Australia within its sector
disciplines. The firm sources capital primarily from its
established network of institutional investors including private
equity, special credit funds and selectively from strategic
operators globally.
About Sage Potash Corp.
Sage Potash is a Canadian company vested solely in the Sage
Plain Property and intends through sustainable solution mining
techniques to become a prominent domestic potash producer within
the Paradox Basin situated in Utah. For further information, please refer to
the Company's disclosure record on SEDAR (www.sedar.com) or contact
the Company by email at info@sagepotash.com.
On Behalf of the Board of Directors,
Peter Hogendoorn
CEO & Executive Chairman
+1 (236) 836-4182
info@sagepotash.com
Website: www.sagepotash.com
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Cautionary Note Regarding
Forward-Looking Statements
This news release contains "forward-looking information" and
"forward-looking statements" within the meaning of applicable
securities legislation. The forward-looking statements herein are
made as of the date of this news release only, and the Company does
not assume any obligation to update or revise them to reflect new
information, estimates or opinions, future events or results or
otherwise, except as required by applicable law. Often, but not
always, forward-looking statements can be identified by the use of
words such as "plans", "expects", "is expected", "budgets",
"scheduled", "estimates", "forecasts", "predicts", "projects",
"intends", "targets", "aims", "anticipates" or "believes" or
variations (including negative variations) of such words and
phrases or may be identified by statements to the effect that
certain actions "may", "could", "should", "would", "might" or
"will" be taken, occur or be achieved. Forward-looking information
in this news release includes, but is not limited to, statements
with respect to future events or future performance of Sage,
including completing a step out pilot production well that will
double as a resource definition drill hole, advancing preliminary
engineering and feasibility towards a PEA, completing 3D seismic
and step-out well and new resource calculations [MA1] , and
management's expectations regarding Sage's growth. Forward-looking
statements and information are subject to various known and unknown
risks and uncertainties, many of which are beyond the ability of
Sage to control or predict, that may cause Sage's actual results,
performance or achievements to be materially different from those
expressed or implied thereby, and are developed based on
assumptions about such risks, uncertainties and other factors set
out herein, including, but not limited to, the risk factors set out
under the heading "Risk Factors" in the Company's final
non-offering long form prospectus dated March 2, 2023 available for review on the
Company's profile at www.sedar.com. Such forward-looking
information represents management's best judgement based on
information currently available. No forward-looking statement can
be guaranteed and actual future results may vary materially.
Accordingly, readers are advised not to place undue reliance on
forward-looking statements or information.
SOURCE Sage Potash Corp.