Sage Potash

What Sage Potash does

Sage Potash Corp. (TSXV: SAGE; OTCQB: SGPTF) is a Canadian-domiciled, pre-revenue potash exploration and development company founded in 2021 and headquartered in Vancouver, with project operations in San Juan County, Utah. The company's sole material asset is the Sage Plain Potash Project in Utah's Paradox Basin, a district-scale potash resource currently classified at an inferred 298 million tonnes (with potential of 460–530 million tonnes) and a headline grade of 42.1% KCl, targeted for development via solution mining rather than conventional underground methods at an approximate depth of 2,100 meters. Technical differentiation rests on a high-grade, flat-lying deposit geometry, a 68°C formation temperature that aids solution recovery, and a planned triple-effect evaporator and crystallizer processing train capable of up to 300,000 tonnes per year of potash output.

The business model is project-development style rather than recurring SaaS or services revenue: Sage Potash intends to produce and sell potash fertilizer directly to American farmers and agricultural customers once the facility is built, monetizing a structural U.S. import-dependence (over 95% of potash is imported) and an in-market transportation cost advantage of US$100–US$165/tonne versus imports. GTM is enterprise field sales targeting U.S. agribusinesses, with no named offtake customers or revenue disclosed to date. The capital stack is being assembled through repeated private placements (multiple CAD and USD tranches in 2024–2026, each upsized for investor demand), a US$14 million USDA grant awarded in September 2025, and an €11 million equipment purchase agreement with IPP that includes a vendor conversion right into common shares at C$0.25. With drilling commenced in April 2026, permits fully secured, and a PEA projecting cash-flow-positive operations roughly two years post-construction commencement, the company is positioned at an inflection between resource-stage explorer and emerging domestic potash producer.

Name

Sage Potash

Legal name

Sage Potash Corp.

Website

https://sagepotash.com

Company type

Public

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Sage Potash Corp. is a pre-revenue potash exploration and development company advancing the Sage Plain Potash Project in Utah's Paradox Basin using solution mining, targeting 300,000 tonnes per year of domestic potash output for American agricultural buyers.

Ownership category

akta.pro rank

Product category

Potash Mining and Fertilizer Production

NAICS

Oilseed (except Soybean) Farming (11112)

SIC

Agricultural Production-Crops (100)

akta.pro primary industry

Potash Mining (IMAKAGAB)

akta.pro secondary industries

Potash Fertilizers (MOP/KCl, SOP/K2SO4, Potassium Nitrate) (AFABABAC), Potash Fertilizers (MOP/SOP) (IMAEAEAC)

Keywords

• Potash exploration
• Solution mining
• Potash production
• Mineral resource development
• Fertilizer mining

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Infrastructure, Personnel, Operations, Supply Chain, Marketing or Sales, Technology or R&D

Revenue model

1. Potash Production and Sales: The company plans to produce and sell potash fertilizer to American farmers and agricultural customers. U.S. net import reliance for potash has remained above 90% since 2020, with imports exceeding 11 million tonnes in 2024. Pre-revenue stage as project is still in exploration and development phase.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Sage Potash Corp. is a potash exploration and development company advancing the Sage Plain Potash Project in Utah's Paradox Basin. The company plans to produce and sell domestic potash fertilizer using solution mining techniques to supply American farmers and reduce U.S. import dependency (over 95%). Target production capacity is up to 300,000 tonnes per year from an inferred resource of 298 million tonnes.

Product overview

Sage Potash Corp. is a potash exploration and development company focused on its flagship Sage Plain Potash Project in Utah's Paradox Basin. The company is advancing its large, high-grade potash resource through exploration drilling, engineering studies, and solution mining development, with the goal of establishing domestic potash production to supply American farmers. The project includes inferred mineral resources, planned solution mining operations, and processing facilities capable of producing 150,000 to 300,000 tonnes per year of potash.

Differentiator

Problem solved

Functional benefit

Products and services

• Sage Plain Potash Project A district-scale potash mining project in Utah's Paradox Basin targeting an inferred resource of 298 million tonnes of high-grade potash ore, with planned production capacity of 150,000 to 300,000 tonnes per year using solution mining techniques; intended to supply American farmers with domestic potash fertilizer.

Quantifiable outcome

• After-tax NPV of US$502 million and IRR of 39%
• +2 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered minor and core.

• Fairfax Partners Inc.minorGTM or Marketing Partner · 6 May 2026Investor relations, communications infrastructure, and digital marketing services. Located at Suite #1504, 1221 Bidwell Street, Vancouver, BC. Agreement term of 12 months commencing March 19, 2026 at CAD $3,805/month plus CAD $1,195/month infrastructure fee plus CAD $120,000/year digital marketing budget.
• Drake Well Service Inc.coreImplementation/ SI/ Consulting Partner · 29 April 2026Drilling contractor selected to execute the drilling program. Privately owned service provider located in Farmington, New Mexico with over 60 years of experience in the region. Will procure services from about 25 various service providers to deliver the project. Three-week drilling program targeting Cycle 18 Upper and Lower potash beds.
• Integrous Capital Partners, LLCminorGTM or Marketing Partner · 20 April 2026Investor relations and communications firm headquartered in Austin, Texas with offices across the US and Canada. Agreement term of 6 months commencing April 20, 2026 at USD $9,000/month.
• Westrock Energy Services (USA) Inc.coreImplementation/ SI/ Consulting Partner · 7 April 2026Full-service drilling consultancy engaged to manage the drilling program. Westrock has experience spanning more than 2,500 projects across North America. Responsible for detailed program design, procurement and on-site supervision of all service providers.
• RESPEC Company LLCcoreImplementation/ SI/ Consulting Partner · 7 April 2026Geological services provider retained for comprehensive on-site geological services including core handling, detailed logging, sampling, and preparation for geochemical assaying at SRC Laboratory in Saskatoon, Saskatchewan. Also supports regulatory compliance activities including permitting and licensing in accordance with State of Utah requirements.
• Made Partners Inc.minorGTM or Marketing Partner · 1 March 2026Corporate development and investor relations support provided by Marcus van der Made. Agreement term of 12 months commencing March 1, 2026 at CAD $10,000/month. Marcus van der Made currently holds securities of the Company.
• International Process Plants and Equipment Corp (IPP)coreStrategic or Co-development Partner · 4 June 2025Equipment supplier for plant and equipment purchase agreement. Plant and equipment consist of three evaporators, three crystallizers, and various ancillary equipment. Purchase price of €11 million with €1,280,000 current payment, €11,900/month storage fees. IPP has right to convert up to 50% of remaining balance into shares at C$0.25/share. Equipment can process up to 300,000 tonnes per year of potash output.

Scale indicators7 records

Recent moves2 records

Expansion highlights4 records

Direct peers

• Western Potash Corp. Western Potash is a junior potash developer that built the Milestone selective solution mining project in Saskatchewan, using a horizontal solution mining method. It is the most direct comparable to Sage Potash in terms of mining method, deposit geometry, and development stage, and several Sage Potash directors/VP gained their potash experience on the Milestone project.
• Gensource Potash Corp. Gensource is a small-cap selective solution mining potash developer pursuing a small-scale, modular approach to potash production. It is a directly comparable junior potash developer using solution mining to produce MOP, focused on vertical integration with end-users.
• Karnalyte Resources Inc. Karnalyte is a Canadian junior developing the Wynyard potash project in Saskatchewan using solution mining technology. It is a directly comparable pre-revenue potash developer with similar resource-stage development profile and end-product of MOP for fertilizer markets.

Emerging players

• Brazil Potash Corp. Brazil Potash is developing the Autazes potash project in Brazil, targeting domestic supply for Brazilian agriculture. It is a comparable emerging-market junior potash developer focused on displacing imports for a domestic agricultural market, with similar logistics-driven value proposition to Sage Potash.
• Highfield Resources Limited: Highfield Resources is developing the Muga potash project in Spain, aiming to become a low-cost European potash producer using conventional and solution mining. Comparable as an emerging potash developer focused on regional supply for an import-dependent agricultural market.
• Millennial Potash Corp. Millennial Potash is a junior developer advancing the Banio Potash Project in Gabon, Africa, using solution mining. It is a comparable emerging-market junior potash developer at a similar stage (resource development toward PEA/feasibility) targeting production for regional agricultural markets.

Broad incumbents

• Nutrien Ltd. Nutrien is the world's largest potash producer, operating six mines in Saskatchewan and supplying the global MOP market. It is the dominant incumbent benchmark for potash cost curves, project economics, and pricing — directly relevant to Sage Potash's competitive landscape and offtake pricing assumptions.
• The Mosaic Company: Mosaic is one of the world's largest crop nutrition companies with significant potash capacity at Esterhazy, Saskatchewan. As a major global MOP producer, it defines the supply backdrop against which any new U.S. domestic potash project must compete on landed cost.
• K+S Aktiengesellschaft: K+S is a major European potash and salt producer with mines in Germany and North America. It is a relevant broad incumbent in the global potash market and directly comparable as a non-Russian/Belarusian alternative MOP supplier serving import-dependent agricultural markets.
• ICL Group Ltd. ICL is a specialty fertilizers and minerals company with significant potash production from the Dead Sea. As a major incumbent potash producer with diversified specialty fertilizer offerings, it provides a comparable reference for potash economics and downstream fertilizer distribution economics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/Sage_Potash

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds9 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sage Potash