Sage Potash Announces Unit Financing

Executive Summary

• Sage Potash Corp. announced a non‑brokered private placement of up to 35 million units at $0.20 per unit, targeting gross proceeds of up to $7 million.
• Each unit consists of one common share and one warrant (exercisable at $0.30 for three years); securities are subject to a four‑month hold period.
• Proceeds will fund key recommendations from RESPEC LLC’s Preliminary Economic Assessment, including drilling a stratigraphic hole, core analysis, engineering review, as well as working capital and general corporate purposes.

Key Details

• Units offered: Up to 35,000,000 units at $0.20 per unit.
• Gross proceeds target: Up to $7 million.
• Unit composition: 1 common share + 1 common‑share purchase warrant.
• Warrant terms: Exercise price $0.30 per share; exercisable for three years from closing date.
• Hold period: Four months and one day from issuance, per applicable securities laws.
• Use of proceeds:
• Execution of RESPEC LLC’s recommendations from the November 6 2025 PEA – drilling a stratigraphic hole, drill‑core analysis, testing, and engineering review.
• Working capital and general & administrative expenses.
• Finder’s fees: May be paid in cash and/or Sage Potash securities.
• Strategic rationale (RESPEC quote): The stratigraphic drillhole aims to confirm mineralized thickness/grade, potentially upgrade resource classifications (inferred → indicated/measured) and support a Bankable Feasibility Study.

Notable Quotes

“A well‑placed stratigraphic drillhole provides key data to advance mine design and increase confidence in resource estimates, supporting potential resource upgrades to reserves.” – RESPEC LLC

All boilerplate, forward‑looking disclaimer, and company background sections have been omitted for brevity.