Potashâs Crucial Role: Boosting Yields and Supporting Eco-Friendly Agriculture

(NewsDirect)

ValueTheMarkets News Commentary As the global population continues to grow, the demand for agricultural production is increasing exponentially. To meet this demand while protecting the environment, sustainable agriculture practices are playing a more important role. One essential nutrient significant in sustainable agriculture is potash, a potassium-rich compound. Here we discuss agricultural protection with regards to BHP Group Ltd (NYSE: BHP), Nutrien Ltd (NYSE: NTR), Sage Potash (TSX.V: SAGE), AGCO Corporation (NYSE: AGCO) and Corteva, Inc (NYSE: CTVA).

Potash increasingly plays a key role in balancing crop productivity and environmental conservation in sustainable agriculture. Potassium promotes healthy plant growth, strengthens cell walls, regulates water balance, and aids in photosynthesis, protein synthesis, and the transport of nutrients. As a result, potash application can significantly improve crop yield, quality, and resilience to diseases and pests.

Therefore, businesses are preparing for the expected potash demand to rise. For instance, global resources company BHP Group Ltd (NYSE: BHP) is investing heavily in its potash reserves in Saskatchewan, Canada.

Likewise, according to the US Geological Survey, the Paradox Basin in Utah is a highly prolific region known for hosting around 2 billion tons of underdeveloped, world-class potash resources. Sage Potash Corp (TSX.V: SAGE) is exploring a high-grade potash resource within the Southeast of the region, where it is pioneering a new scalable potash production approach. Sage is an ambitious growth stock ideally situated to address US potash needs, ensuring food security and reducing dependency on imports, which could potentially lower fertilizer costs. Its district-scale potash project here now totals 88,118.78 acres.

Meanwhile, Nutrien Ltd (NYSE: NTR) is increasing its fertilizer production capability in Louisiana, with its President and CEO stating , " The outlook for our business is strong as we expect global supply issues to persist and demand for crop inputs to increase in 2023. "

Sustainable agriculture aims to optimize how resources are used while minimizing environmental impact. Thus, a responsible application of potash is essential for achieving this balance. Overuse or improper application of potash can lead to environmental problems such as soil degradation, water pollution, and loss of biodiversity. To address these issues, farmers must apply potash in a targeted and careful manner.

For instance, in India, agriculture serves as the main livelihood for about 60% of the population, increasing to 70% in rural areas. Farmers tend to practice intensive cultivation to fulfill food demands, which frequently leads to nutrient depletion and deteriorating soil quality. This decline in soil quality contributes to reduced fertility and poor production. Yet, reversing the consequences of continuous nutrient exploitation without adequate replenishment strategies becomes a time-consuming process.

A 2022 study authored by researchers from the Potash Research Institute of India, the International Potash Institute in Switzerland and the NCC Agri, Fertilizer, Soil & Water Management Expert in Israel assessed the impact of potassium depletion on soybean production in India, demonstrating that potassium-inclusive fertilization increases yield and profitability. Experiments revealed that plots receiving additional potash fertilizer showed significant soybean yield increases and profitability.

Precision agriculture techniques enable farmers to apply potash efficiently and accurately, ensuring that crops receive the optimal amount of nutrients while reducing the risk of environmental harm. These methods include soil testing, variable-rate application technology, and real-time monitoring. By utilizing precision agriculture, farmers can optimize potash use, resulting in better crop yields and reduced environmental impact. Factors such as soil moisture, rainfall, nitrogen dosing rate, and cultivar also influence the effectiveness of potassium application.

Agricultural machinery manufacturer AGCO Corporation (NYSE: AGCO) is helping farmers improve crop yields with Precision Planting by providing smart products that enhance planting, liquid application, and harvest operations. Its innovative solutions, which can be retrofitted to current equipment or integrated into new equipment, cover monitoring and measurement, liquid control and delivery, meters, downforce control, seed delivery, and emergence, thereby optimizing various aspects of farming operations.

By leveraging digital and physical tools, farmers can make informed decisions that enhance overall farm management, from seed selection to nutrient management and harvest optimization. Corteva, Inc (NYSE: CTVA) is another company that is committed to providing farmers with cutting-edge precision ag tools that help improve productivity, preserve resources, and reduce waste.

It's increasingly evident that potash plays a vital role in sustainable agriculture, as it improves crop yields and profitability while minimizing environmental impact. By adopting responsible potash application practices and leveraging precision agriculture techniques, farmers can achieve a delicate balance between agricultural production and protecting the environment. That's why investing in research, education, and technology is critical to ensure the sustainable use of potash and the long-term viability of the global food system.

BHP Group Ltd (NYSE: BHP), a leading global resources company, has around 80,000 employees and contractors, mainly in Australia and the Americas. As a top producer of major commodities such as iron ore, copper, nickel, and metallurgical coal, the company's products are sold globally. BHP has awarded three new contracts for its Jansen potash project in Saskatchewan, Canada, in partnership with local First Nation communities.

Corteva, Inc (NYSE: CTVA) is a global agriculture company specializing in providing innovative solutions to tackle major agricultural challenges. It offers a diverse range of seed, crop protection, and digital products and services through a unique distribution strategy. With well-known brands and a robust technology pipeline, Corteva aims to boost farmers' productivity. Corteva Agriscience has commercially launched Adavelt™ active, a novel fungicide with a new mode of action that protects against various diseases affecting crop yields.

Sage Potash Corp (TSX.V: SAGE) is an American potash exploration company that recently launched on the TSX Venture exchange. Its Sage Plain Property is a large-scale, high-grade potash resource within the Paradox Basin of Southeast Utah. The company is pioneering a new scalable potash production approach in the US with a short path to initial production. The company recently increased its land portfolio with the acquisition of 5,118.78 acres of private leases.

Nutrien Ltd (NYSE: NTR), the world's largest crop inputs and services provider, aims to feed a growing population sustainably. The company newly released its 2023 ESG Report, highlighting the company's progress in meeting its 2030 sustainability commitments. Notable achievements include documenting around one million acres of sustainable agriculture in North America and Australia, evaluating a new clean ammonia facility, exceeding targets for Indigenous economic impact in Saskatchewan, and awarding $500,000 to ag-tech entrepreneurs focused on diversity and inclusion.

AGCO Corporation (NYSE: AGCO) is a global leader in the design, manufacture, and distribution of agricultural machinery and precision ag technology. With a differentiated brand portfolio including brands like Challenger®, Massey Ferguson®, Precision Planting®, and Valtra®, AGCO delivers customer value through its Fuse® smart farming solutions. AGCO's Precision Planting recently won the prestigious Davidson Prize for its innovative Radicle Agronomics™ Solution. This award-winning solution combines agronomic knowledge with data-driven planting technology to help farmers improve crop yields and make better-informed decisions.

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Sage Potash SAGE:CC TSXV:SAGE Potash Investing

SAGE:CC

Sage Potash Secures Permit Approvals for Exploration Program at Sage Plain Potash Project

Sage Potash Corp. ("Sage Potash", "Sage" or the "Company") (TSXV: SAGE) (OTCQB: SGPTF) is pleased to announce the receipt of all required governmental approvals for two Class V exploration wells at its Sage Plain Potash Project ("Project" or "Property") located in Utah's Paradox Basin.

Sage Potash CEO & Executive Chairman, Peter Hogendoorn , stated, "Sage's successful drilling permit applications represent a pivotal milestone on the Company's path to achieving pilot-scale potash mining and processing activities. The approved exploration wells will not only allow us to increase our understanding of the Sage Plain mineral resource, comprised in the Upper and Lower Cycle 18 potash beds underlying the Property, but these same wells will, in future, be transitioned to injection production and disposal wells. This is a highly significant de-risking event for the Company, as the most consequential permit approvals for the Project have now been secured, pending bonding."

The State of Utah's Division of Oil, Gas, and Mining ("UDOGM"), and Division of Water Quality ("DWQ") have issued tentative approvals for both surface (drill pads and access roads) and underground (wells) activities. This is part of the Underground Injection Control ("UIC") Class V exploration injection permit application for a production and disposal well submitted by the Company in March 2023 . Formal drill permits will be issued once bonding is received and approved and the Company has received written acceptance from UDOGM, as well as other applicable agencies.

The execution of the now approved exploration program represents Phase 1 of the Sage Plain Project development effort. The two Class V wells will be designed and constructed under the standards and specifications of a UIC Class III "Production well" and UIC Class I "Disposal well". The wells will allow for determination of injection capacity and hydraulic behaviours of the potash and potential disposal formations, as well as providing management with geological data through examination of the drill core, as part of test cavern development for potash recovery from the Cycle 18 potash beds. Once the data from the exploration wells is gathered, the Company will apply to convert these wells into UIC Class I and Class III wells for the purpose of injection, production and disposal, allowing for potash brine fluids recovery.

Concurrently with the Class I and Class III permits conversion, the Company will submit the Large Mine Operation ("LMO") permit for up to 150,000 TPY. In partnership with global engineering firm RESPEC, Sage is advancing engineering and designs for a 50,000 TPY pilot-scale potash solution mining operation, as part of its ongoing engineering studies and production permit application. Data from this program, along with plant design and engineering details, will be included to complete the final LMO application for permit approval.

Following receipt of the news that the Company had secured governmental approval for the Class V wells, Sage Potash CEO & Executive Chairman, Peter Hogendoorn, expressed renewed confidence in the coming year, stating, "We recognize the prevailing capital market conditions for conventional project advancement are extremely difficult. As a result, the Company and, in particular, the team in our US subsidiary, Sage Potash ( USA ) Corp., have focused on permitting and engineering, whereby value can be realized at the 'Project level'. With the developments to date, together with the highly strategic land position of contiguous State and Private mineral leases from which up to 70 mining units, each consisting of 320 acres, can be developed, management believes the Project has now achieved significant milestones and, accordingly, eliminated substantial barriers to entry, which can be value realized in terms of time and capital for strategic interests."

Hogendoorn continued, "As previously announced, the Company recently retained ACP Capital Markets LLC ("ACP"), an internationally recognized Capital Markets Adviser and Investment Banking firm, based in Stamford, Connecticut , with a proven track record in selecting and financing under-valued projects in the AgriBusiness sector, such as the Sage Plain Potash Project. The Company is working diligently with ACP in identifying and engaging with strategic industry partners and institutional investors. We are confident our achievements over the past year, including recently securing the most consequential permit approvals for the Project, will facilitate our ongoing efforts at the Project level and with ACP and, accordingly, optimize our ability to realize and deliver significant value to Sage Potash shareholders."

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

Website: www.sagepotash.com

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 judgment 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.

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Sage Potash Announces Engagement of Connecticut-Based Investment Bank ACP Capital Markets as Exclusive Financial Advisor

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.

On Behalf of the Board of Directors,

Peter Hogendoorn
CEO & Executive Chairman
+1 (236) 836-4182
info@sagepotash.com

Website: www.sagepotash.com

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.

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Sage Potash Corp. Secures Key Water Rights Permit, Lowering Risks in Exploration Permitting Process

Sage Potash CORP. (TSXV: SAGE) (OTCQB: SGPTF) (" Sage Potash " or the " Company ") is pleased to announce it has achieved an essential milestone in its operational roadmap. The Company has obtained regulatory approval from Utah's Department of Natural Resources Division of Water Rights for the Fixed-Time Application that grants Sage Potash permission to withdraw up to 0.207 cubic feet per second (CFS) or 150 acre-feet of brackish water annually, effective until July 31, 2043 . Water will be procured from the proposed access well for extraction and year-round use within the entire Sage Plain Potash Project, consisting of over 88,000 acres of mineral leases and permit applications in Utah's Paradox Basin, with 2 potash beds and an inferred resource of 279.5 MMT high-grade potash.

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Sage Potash Closes Private Placement

Sage Potash CORP. (TSXV: SAGE) (OTCQB: SGPTF) ("Sage" or the "Company") has closed its non-brokered private placement (the "Offering") of 4,694,505 units (each an "Unit") for gross proceeds of $1,502,241.60 . Each Unit consists of one common share in the capital of the Company (each a "Share") and half of a common share purchase warrant (each a "Warrant"). Each whole Warrant entitles the holder to buy one Share for $0.50 during the two years following the warrant's issuance date.

The Company has paid finder's fees in aggregate of $94,179.20 cash and 294,310 warrants (each a "Broker Warrant"). Each Broker Warrant entitles the holder to buy one Share for $0.32 during the two years following the warrant's issuance date.

The proceeds of the private placement will be used to fund the exploration of Company's mineral properties and for general working capital. All securities issued under the private placement, including Broker Warrants, will have a four-month hold.

An Insider of the Company has purchased 50,000 Units, and such subscription is considered a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The issuance to the Insider is exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in section 5.5(b), as the Company's shares are not listed on a specified market, and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in section 5.7(a) of MI 61-101 in that the fair market value of the consideration of the securities issued to the related party did not exceed 25% of the Company's market capitalization. The Company did not file a material change report more than 21 days before the expected closing of the Offering as the participation of related party was not settled until shortly before closing.

About Sage Potash Corp.

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. This news release may contain "forward-looking statements", which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward–looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.

SOURCE Sage Potash Corp.

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SAGE POTASH CORP. ANNOUNCES NON BROKERED PRIVATE PLACEMENT

Sage Potash CORP. (TSXV: SAGE ) (OTCQB: SGPTF ) (" Sage Potash " or the "Company") is pleased to announce a non-brokered private placement of up to 4,687,500 units (each, a "Unit") at a price of $0.32 per Unit (the "Issue Price") for aggregate gross proceeds of up to $1,500,000 (the "Offering"). Each Unit shall be comprised of one common share (each, a "Common Share") in the capital of the Company and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder thereof to acquire one Common Share at an exercise price of $0.50 for a period of 2 years following the closing of the Offering.

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A tiny bag of potash with a plant growing out of it.

How to Invest in Potash (Updated 2024)

The world's population is increasing rapidly and is expected to reach over 9.7 billion by 2050.

This situation is creating positive fundamentals for the agricultural sector, including the potash market. A larger population means much higher amounts of food will be needed; however, with more people will come further urbanization and less farmland with which to work, meaning farmers will have no choice but to increase crop yields.

That's where fertilizers like potash come in. Potash fertilizer not only provides essential nutrients to food, but also improves water retention in plants and strengthens their roots and stems. It also has a role to play in the burgeoning cannabis industry.

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Western Resources Reports AGM Results

Western Resources Corp. (TSX: WRX) ("Western" or "the Company") is pleased to announce that its shareholders approved all items put before them at the Company's Annual General Shareholder Meeting ("AGM") held today, March 15 th 2024. A total of 96,648,405 common shares, representing 23.64% of the issued and outstanding common shares of the Company as at the record date, were present in person or by proxy at the meeting. The approved items are:

Fixed the number of directors of the Company at seven (7), and the election of Bill Xue, George Gao, Mark Fracchia, Justin Xing, Andrew Hancharyk, Scott Nagel and Raymond Lu to the Board. Voting details for the composition of the board and each board member are as below:

Resolution	For	Withheld/Abstain/Against	Percentage
Number of Directors (7)	96,456,565	191,266	99.80%
Bill Xue	96,307,424	340,407	99.65%
George Gao	96,303,804	344,027	99.64%
Mark Fracchia	96,313,244	334,587	99.65%
Justin Xing	96,308,414	339,417	99.65%
Andrew Hancharyk	96,449,058	198,773	99.79%
Scott Nagel	96,450,108	197,723	99.80%
Raymond Lu	96,447,478	200,353	99.79%

The appointment of MNP LLP as auditors of the Company at a remuneration to be fixed by the directors, with 96,464,071 shares voted "For", representing 99.81% of the outstanding common shares of the Company and 183,760 shares voted "Withheld".
Approved the Company's rolling Incentive Stock Option Plan, with 96,244,234 shares voted "For", representing 99.58% of the outstanding common shares of the Company and 403,597 shares voted "Against".

In the follow-up Board meeting after the AGM, Board Directors elected Bill Xue as Chairman of the Company and appointed Justin Xing as Chair of the Executive Committee, Mark Fracchia as Chair of the Nominating and Assessment Committee, Raymond Lu as Chair of the Audit Committee, Scott Nagel as Chair of the Compensation Committee and Andrew Hancharyk as Chair of the Corporate Disclosure Policy Committee. Shuai Wei and Xiao Xing were appointed as Board Observers, and Jack Xue as Corporate Secretary.

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Agriculture Market Forecast: Top Trends That Will Affect Potash and Phosphate in 2024

Prices for diammonium phosphate (DAP) and potash slid through the first half of 2023, but as the second half of the year wore on, prices diverged, with DAP gaining strength and potash continuing to trend lower.

The differential was largely due to record high pricing in 2022 that saw farmers reduce their use of DAP and potash products in favor of experimenting with nutrient efficiency and enhanced products.

“The potash market certainly remains exposed to further disruption to production into 2023 and could see supply tighten quickly if demand recovers rapidly from its current lull," Humphrey Knight of CRU Group said at the start of 2023. "However, a more gradual recovery in demand appears more likely, meaning supply should remain adequate.”

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Top 10 Potash Countries by Production (Updated 2024)

Robust demand for potash pushed prices to a 13 year high in 2021, and that trend continued in the first half of 2022 as price levels rose on supply chain concerns sparked by Russia’s invasion of Ukraine.

In mid-May 2022, the World Bank said global fertilizer prices were up 30 percent for the year so far, adding that those price-positive conditions were expected to continue through the year and beyond. In fact, bullish sentiment had major market participants such as BHP (NYSE:BHP,ASX:BHP,LSE:BHP) investing billions into new potash production.

All of this was welcome news for potash investors — many potash-mining operations have closed in recent years, and some are waiting on the sidelines for better days and improvements in potash prices.

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crane puts a sack of fertilizer on a trailer in a field in the spring

Potash Fertilizers: What’s the Difference Between SOP and MOP? (Updated 2024)

The world’s population continues to grow, and so too does demand for agricultural crops. Not surprisingly, it's becoming increasingly important for farmers to grow more crops more efficiently.

That’s where potash fertilizers come in — they not only increase food quality, but also boost crop yield. Farmers use various fertilizers to grow crops, but the two most common are sulfate of potash (SOP) and muriate of potash (MOP).

Canada is the world’s top potash country by far, with annual output topping 16 million metric tons (MT) in 2022. China took the second spot in terms of total potash production at 6 million MT, followed by Russia in third place at 5 million MT.

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Western Potash Corp. Announces Closing of CAD$10 Million Exchangeable Debenture

Western Resources Corp. (the "Company") (TSX: WRX) is pleased to announce that Western Potash Corp. ("Western Potash"), the Company's 100% owned subsidiary, received the second tranche of funds in the amount of CAD$5 million from Vantage Chance Limited ("Vantage"). The transaction, set out in the Company's news release of August 15, 2023, has now closed.

On August 15th, 2023, Western Potash signed an exchangeable debenture subscription agreement with Vantage, pursuant to which Vantage agreed to subscribe for a CAD$10 million exchangeable debenture (the "Exchangeable Debenture") to be issued by Western Potash upon receipt of the full amount. Western Potash received the first tranche payment of CAD$5 million in September 2023. This CAD$5 million payment is the second and final payment required to be made by Vantage to Western Potash under the terms of the Exchangeable Debenture.

News Provided by GlobeNewswire via QuoteMedia

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Potash’s Crucial Role: Boosting Yields and Supporting Eco-Friendly Agriculture

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Overview

Company Highlights

Key Project

Sage Plain Potash Property

Project Highlights:

Project History

Management Team

Peter Hogendoorn - CEO, Sage Potash Corp.

Pat Avery - CEO Sage Potash (US) Corp.

J. Patricio Varas - P. Geo. COO & VP of Exploration

Engineering Consultants

What is potash?

What factors impact potash supply and demand?

How to start investing in potash?

How did potash and phosphate perform in 2023?

What will happen to potash and phosphate prices in 2024?

Investor takeaway

1. Canada

2. China

3. Russia

4. Belarus

5. Germany

6. Israel

7. Jordan

8. Chile

9. Laos

10. Spain

Potash fertilizers: What is muriate of potash?

Potash fertilizers: What is sulfate of potash?

Final thoughts on SOP and MOP

FAQs for potash

What is potash?

What is potash used for?

What is potash fertilizer?

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