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STRM 0.420 −3.5% SRC 1.73 −0.6% BAG 0.205 +0.0% ANK 0.360 +2.9% VRB 0.085 +0.0% CPAU 0.140 +0.0% RES 0.025 +0.0% TKO 11.96 +3.1% DCOP 0.075 +7.1% HMR 0.485 −1.0% LITH 0.430 −2.3% MKA 0.770 +0.0% NGC 0.115 −4.2% JUGR 1.34 +3.9% SAGA 0.475 +2.1% B 0.550 +5.8% STRM 0.420 −3.5% SRC 1.73 −0.6% BAG 0.205 +0.0% ANK 0.360 +2.9% VRB 0.085 +0.0% CPAU 0.140 +0.0% RES 0.025 +0.0% TKO 11.96 +3.1% DCOP 0.075 +7.1% HMR 0.485 −1.0% LITH 0.430 −2.3% MKA 0.770 +0.0% NGC 0.115 −4.2% JUGR 1.34 +3.9% SAGA 0.475 +2.1% B 0.550 +5.8%
Financings

Sage Potash obtains approval for $14M (U.S.) USDA grant

By The Northwire Desk — AI Analysis Sep 02, 2025 · 18:03 SAGE · 0.39 Sage Potash Corp.
SAGE · Price

Executive Summary

  • Sage Potash Corp. received USDA approval for a US$14 million grant to support construction of its 300,000‑tonne‑per‑year potash project in Utah.
  • The grant represents a significant portion of the projected capital required and accelerates permitting, financing and partnership activities.
  • The project is expected to create ~100 well‑paying jobs and leverages solution‑mining technology that improves safety and environmental performance.

Key Details

  • Grant Amount: US$14 million approved by the U.S. Department of Agriculture under its fertilizer product expansion program.
  • Purpose: To fund Sage Potash’s financing strategy for building a 300,000‑tonne‑per‑year potash plant in San Juan County, Utah.
  • Project Scope: Construction of a solution‑mining based potash facility targeting annual production of 300,000 t of potash.
  • Economic Impact: Expected creation of approximately 100 well‑paying jobs in the region.
  • Funding Significance: The USDA grant covers a material portion of the overall project cost, reducing capital risk and supporting timeline to production.
  • Permitting & PEA: Sage is advancing permitting and a Preliminary Economic Assessment (PEA) with Respec; final PEA anticipated by Q3 2025.
  • Critical Mineral Designation: Potash added to U.S. critical minerals list (May 2025 executive order, Aug 25 2025 listing), unlocking additional federal funding and tax credits.
  • Technology: Utilizes proven solution‑mining techniques that are projected to lower safety risks and environmental impacts versus conventional mining.
  • Conditions: Grant subject to specific terms and conditions; Sage will issue further updates as they are satisfied.

Notable Quotes

“The USDA grant underscores the importance of increasing domestic potash capacity to serve U.S. farmers… This grant brings Sage Potash one step closer to planned production and accelerates partnering and financing efforts.” – Tim Mizuno, President & COO

“We are well positioned to help grow domestic potash production, derisk the foreign supply chain for American farmers and create long‑term value for our shareholders.” – Peter Hogendoorn, CEO

Read the original news release →

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M&A / Property