Northwire Canada EditionSunday, November 1, 2026
Northwire
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Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8% Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8%
Drill Results Routine +

Sage Potash Secures All Permits for its Drilling Program at Sage Plain Potash Project in Utah

Sage Potash has secured drilling permits for its Utah project, marking a key step in advancing the development of its mineral assets in the region.

Executive Summary
  • Sage Potash Corp. has secured final regulatory approvals and permits from Utah authorities to commence drilling operations at its Sage Plain Potash Project.
  • The company will execute a 1.275 km step-out drilling program targeting historical potash-bearing horizons at approximately 2,100 meters to expand and upgrade resource confidence.
  • The campaign includes comprehensive hydrogeological testing, drill stem tests, and geophysical logging to support future solution mining feasibility.
  • An updated resource estimate incorporating current and historical drilling data is expected in Q3 2026.
  • Westrock Energy Services and Drake Well Service have been appointed to oversee and execute the drilling program.
Material Impact
  • The permit approval is a routine, expected milestone following the April 2026 announcements regarding drilling commencement and contractor selection.
  • It de-risks the immediate execution of the step-out hole but does not alter the fundamental economics, production timeline, or capital requirements of the project.
  • The news aligns perfectly with the company's stated roadmap to generate geological and hydrogeological data for a potential resource upgrade and subsequent feasibility study.
  • No new financial terms, strategic partnerships, or unexpected operational breakthroughs are introduced. The market impact is expected to be neutral to mildly positive, consistent with routine project advancement.
SAGE · Price
Company Overview
  • Sage Potash Corp. is developing the Sage Plain Potash Project in the Paradox Basin, Utah.
  • The project utilizes solution mining to extract potash (MOP) from the Cycle 18 Upper and Lower beds at depths of ~2,100 meters.
  • A September 2025 PEA outlined a 300,000 mt/yr plant with an initial CapEx of $155M, targeting an after-tax NPV of $502M and an IRR of 39%.
  • The project aims to become a major domestic U.S. potash supplier, leveraging solution mining for lower safety risks and environmental impact.
  • The company recently secured a $14M USDA grant to support construction and financing.
Read the original news release →

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