SAGE POTASH CORP. IDENTIFIES LARGE-SCALE, HIGH-GRADE, US-BASED POTASH RESOURCE AND COMMENCES TRADING ON THE TSX-V UNDER THE SYMBOL "SAGE"

SAGE POTASH CORP. IDENTIFIES LARGE-SCALE, HIGH-GRADE, US-BASED POTASH RESOURCE AND COMMENCES TRADING ON THE TSX-V UNDER THE SYMBOL "SAGE"

Sage Potash CORP. ("Sage Potash" or the "Company") (TSXV : SAGE) is pleased to announce its common shares have commenced trading on the TSX Venture Exchange (the "TSX-V") under the ticker symbol " SAGE.V " effective at the open on March 20, 2023 . This follows the closing of private placements totalling $5,322,350 and the acquisition of a potash land portfolio in the State of Utah consisting of over 83,000 acres of State and Private Mineral leases and BLM Prospecting Permit Applications, as well as assembling a highly experienced team adept at all aspects of solution mining, surface processing, operations and fertilizer distribution.

Historical exploration on the property includes an important discovery drill hole by a previous operator, with core samples identifying two flat potash beds featuring high potash grades with favourable commercial characteristics. Potash mineralization was first encountered in the Johnson 1 exploration well completed in 2014, returning grades between 27-29.3% K2O (36–43% KCI) in the Lower and Upper Cycle 18 horizons with combined potash zones of 12.74m (41.78 ft).

Based on historical exploration, the company has defined a Mineral Resource on the Property as follows:

  • Inferred Resource for Upper Potash Bed, Cycle 18: 159.3 million metric tonnes (MMT), grading 42.67 % KCl with 0.01 % carnallite and 0.62 % insolubles
  • Inferred Resource for Lower Potash Bed, Cycle 18: 120.2 MMT, grading 35.77 % KCl

The parameters used for estimating the Mineral Resource and Potential Quantity are summarized as follows:

  • A radius of influence (ROI) of 0 to 2,400 m was used to bound the Inferred tonnage
  • A 25 % deduction was applied for undetectable seismic anomalies
  • ROIs and deductions for unknown geologic anomalies were determined by the QPs based on their experience and confidence in the geological continuity of the mineralized horizon
  • A geological interval was defined based on the core to identify the mineralized contacts' top and bottom and further refined by the assay results
  • A 5 % K2O grade cut-off was used to delineate the geological boundaries (top and base) of the mineralized section of the potash bed

Geologically, the resource is situated in the Paradox Basin, known to host extensive underdeveloped world-class potash resources (approximately 2 billion tons, according to the US Geological Survey ). The Paradox Basin benefits from close proximity to modern infrastructure, low-cost power and electricity, skilled workforce, regional exploration and development supplies and services.

The Company's objectives following today's listing will be to complete a step out geological hole that will further define the resource estimates and may double as a possible cavern development test well, to advance preliminary engineering and PEA.

Figure 1. Project Area and Paradox Basin Regional Structural Element (Modified from Williams-Stroud, 1994). (CNW Group/Sage Potash Corp.)

Sage's CEO, Peter Hogendoorn , commented, "Given the current sanctions against Russia and Belarus (which together constitute 40% of the world's potash supply), the US currently imports nearly all its annual potash requirements from Canada . Having its own domestic supply only makes sense for the US. Reliable and local supply chains are key to achieving national food security in this post-Covid and inflationary era. Even with what appears to be a somewhat more rational market this year over last, shipping costs from Saskatchewan and lower barge capacity due to low water levels of the Mississippi River, can still add $150 - $225/ton that would not be incurred by having local production. As we continue to add to our proven management team, together with our engineering partners, RESPEC Inc. we look forward to sharing ongoing developments as they become available."

Qualified Persons

J. Patricio Varas , P.Geo., a Qualified Person as defined by National Instrument 43-101, has read and approved all technical and scientific information related to the Sage Plains Project contained in this news release. Mr. Varas is the Chief Operating Officer and Vice President Exploration for Sage Potash . Mr. Varas has reviewed the data disclosed in this press release but has not verified historic assay information at Sage Plains.

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 .

About RESPEC LLC.

RESPEC was founded in Rapid City, South Dakota in 1969 and operates in 14 states and two Canadian provinces. RESPEC's projects and products have been completed for clients in seven continents and 50 countries. Underground. Aboveground. Natural. Technical. Digital. Inside. Outside. On-Site. No matter the market, RESPEC integrates solutions tailored to clients' and communities' needs. RESPEC unites engineering and applied sciences with technology, professional, and creative services so that everyone gets cutting-edge outcomes. RESPEC finds answers that work for the needs at hand. RESPEC's diversified team can handle projects ranging from early-stage exploration to multi-disciplinary feasibility studies.

On Behalf of the Board of Directors,

Peter Hogendoorn
CEO & Executive Chairman

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.

Sage Potash Corp. logo (CNW Group/Sage Potash Corp.)

SOURCE Sage Potash Corp.

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

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 Logo (CNW Group/Sage Potash Corp.)

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

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 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 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 (CNW Group/Sage Potash Corp.)

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.

ACP Capital Markets (CNW Group/Sage Potash Corp.)

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. 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 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.

Sage Potash Corp. logo (CNW Group/Sage Potash Corp.)

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.

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 .

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. 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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tractor in field

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

Pricing for di-ammonium phosphate (DAP) and potash continued their slide through the first half of 2023, but as the second half wore on, pricing diverged, with DAP gaining strength and potash continuing to trend lower.

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

At the time, Humphrey Knight, principal phosphates and potash analyst at CRU Group, told the Investing News Network, “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. However, a more gradual recovery in demand appears more likely (in 2023), meaning supply should remain adequate.”

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wheat in field

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.

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TransAlta and BHP Announce Commercial Operation of Innovative Hybrid Renewables Facility to Power Remote Mining Operations in Western Australia

TransAlta and BHP Announce Commercial Operation of Innovative Hybrid Renewables Facility to Power Remote Mining Operations in Western Australia

TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) and BHP Group Limited ("BHP") (NYSE: BHP) (ASX: BHP) announced today that the 48 MW Northern Goldfields solar and battery storage facility ("Northern Goldfields Solar and Battery Facility") has achieved commercial operation and is now supplying reliable electricity to BHP's remote nickel mining operations in Western Australia .

"We are extremely pleased that this innovative hybrid renewable solution is now supplying reliable, emissions-free power to BHP's mining operations in the outback of Western Australia . The Northern Goldfields Solar and Battery Facility is our first renewable electricity facility in Australia and is made possible through our longstanding relationship with BHP," said John Kousinioris , President and Chief Executive Officer of TransAlta. "The fully contracted facility showcases our expertise in integrating renewable energy into remote power systems," added Mr. Kousinioris.

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farm field

5 TSX and TSXV Potash Companies

The global potash market is dominated by Canada, the world's leading potash producer, with Canadian potash companies producing an impressive 16 million metric tons (MT) of the material in 2022.

The potash industry has faced difficulties in the past few years, including challenges related to the COVID-19 pandemic and Russia's invasion of Ukraine, but potash producers continue to push ahead despite headwinds. Meanwhile, potash exploration and development companies are working hard at projects that can take advantage of rising demand for agricultural products.

For those interested in the market, here's a list of Canadian potash stocks listed on the TSX and TSXV; companies are listed from largest to smallest, and all had market caps of at least C$10 million as of September 25, 2023.

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