Sage Potash Delivers 3.3 Meters of 52.5% KCl at Its Sage Plain Project in Utah

Sage Potash Corp. (SAGE) has released assay results from the Peterson 1 stratigraphic exploration hole at its Sage Plain potash project in the Paradox Basin of southeastern Utah. The samples were analyzed at the Saskatchewan Research Council (SRC).

The reported intercepts include: - Upper Cycle 18: 7,087.6-7,114.2 ft (26.6 ft or 8.1 m) at 36.1% KCl, including 3.3 ft (1.0 m) at 52.0% KCl and 10.8 ft (3.3 m) at 52.5% KCl. - Lower Cycle 18: 7,154.2-7,170.6 ft (16.4 ft or 5.0 m) at 36.4% KCl, including 10.2 ft (3.1 m) at 53.4% KCl. - Combined: 43 ft (13.1 m) at 36.3% KCl. - Additional Upper Bed interval: 13.8 ft (4.22 m) at 45.5% KCl within 19.7 ft (5.99 m) at 39.4% KCl.

The Peterson 1 hole is located 0.62 miles (1.0 km) NNE of the Johnson 1 hole. The beds are flat-lying with a dip of approximately 0.8 degrees, and a 42 ft barren halite parting separates the two beds. Table 2 compares Peterson 1 against Johnson 1, which returned 23.8 ft (7.26 m) at 46.1% KCl in the Upper interval and 18.0 ft (5.48 m) at 35.8% KCl in the Lower interval. RESPEC is scheduled to update the NI 43-101 resource within 45 days. Management has indicated a potential mine plan larger than the 300,000 t/yr contemplated in the September 8, 2025 Preliminary Economic Assessment (PEA).

Sage Potash Corp. (SAGE) is a pre-revenue explorer with a market capitalization of approximately C$26 million, no revenue, and a going-concern flag. At this stage of development, the confirmation or step-out of drill holes carries significance, even if it does not yet define reserves.

The company’s maiden hole, Johnson 1, established the basis for the November 2025 resource estimate. It reported an Upper Bed intercept of 7.26 meters at 46.1% KCl and a Lower Bed intercept of 5.48 meters at 35.8% KCl.

The stock has experienced significant volatility, dropping from C$0.47 in late September 2025 to a low of C$0.10 in late July 2026, before recovering to C$0.15. This price action places the shares near the bottom of their 52-week range. The market appears to be pricing in dilution, financing overhang, and going-concern risk rather than the repetition of maiden results. A placement in December or January was struck at C$0.20 with C$0.30 warrants, both of which are now well above the prevailing share price.

The Peterson 1 drill hole returned results that are approximately 87-93% of the anchor result in terms of percent-metres. The Upper Bed grade softened from 46.1% to 36.1%, while the Lower Bed remained essentially in line with previous data. The assays confirm the pre-announced continuity inside the anchor-grade envelope, with logs showing a favorable correlation with the high potash grades and thicknesses reported from Johnson 1. This de-risks the assay, moving it from "pending" to "proven," although the Upper Bed grade came in below the log-implied Johnson comparison.

The Peterson 1 result expands the drilled footprint by 1 km and serves as a solid confirmation of the resource. However, it does not grow the grade or tonnage story beyond what the market was already expecting. The primary catalysts for the company remain the upcoming 45-day resource estimate and the Preliminary Feasibility Study (PFS).

Sage Potash Corp. (TSXV: SAGE; OTCQB: SGPTF) is a pre-revenue potash explorer and developer focused on its sole flagship asset, the Sage Plain Potash Project in the Paradox Basin of southeastern Utah. The company is targeting Cycle 18 Upper and Lower sylvinite beds at approximately 2,100 meters depth for solution mining.

Prior-period context not disclosed in today’s release includes a September 8, 2025 Preliminary Economic Assessment (PEA) by RESPEC, which contemplated a 300,000 tonnes per year operation with approximately US$155 million in initial capital expenditure. This assessment was based on a November 6, 2025 NI 43-101 inferred resource of approximately 298 million metric tonnes, comprising 170 million metric tonnes in the Upper Bed at 46.1% KCl and 128.2 million metric tonnes in the Lower Bed at 35.8% KCl. Additionally, the company identified 460-530 million metric tonnes of potential Upper Bed tonnage (25-29% K2O / 40-46% KCl) within 2,400-5,000 meters of the Johnson 1 location.

For the fiscal year ending March 31, 2026, Sage Potash reported a net loss of C$8.14 million, cash holdings of C$8.74 million, equity of C$11.75 million, and a book value of approximately C$0.07 per share, accompanied by a going-concern flag. The company raised approximately C$19 million across private placements conducted in December 2025 and January 2026 at C$0.20 with C$0.30 warrants, as well as a C$1.05 million term loan. Furthermore, Sage Potash renegotiated a EUR11 million refurbished-plant purchase, leaving a remaining balance of EUR9.17 million due in April 2027.