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Financings

Sage Potash promotes Varas to permanent CEO

By The Northwire Desk — AI Analysis Jan 29, 2026 · 18:48 SAGE · 0.21 Sage Potash Corp.
SAGE · Price

Executive Summary

  • Sage Potash Corp. has promoted Patricio Varas to the permanent position of Chief Executive Officer and appointed him to the Board of Directors, following his successful tenure as interim CEO and leadership in closing a $13-million private placement.
  • William Grossholz has been appointed as the permanent, full-time Chief Financial Officer, replacing his interim role.
  • These executive appointments coincide with the completion of the second and final tranche of a $13-million private placement equity financing and follow the filing of a preliminary economic assessment for the Sage Plain potash project.

Key Details

  • CEO Appointment: Patricio Varas promoted to permanent CEO and appointed to the Board of Directors.
  • CFO Appointment: William Grossholz appointed to permanent, full-time CFO position.
  • Financing Context: The appointments follow the closing of the second and final tranche of a $13-million private placement equity financing.
  • Varas Background: Over 40 years of experience in mineral exploration, mine development, finance, and corporate management. Founder of Western Potash; raised over $240-million for the Milestone potash project. Experience includes projects at Galore Creek (Rio Tinto), Santo Domingo Sur (Far West Mining), and Diavik Diamonds. Served on boards of Domestic Metals Corp., Aztec Metals Corp., Far West Mining, and Western Potash Corp.
  • Grossholz Background: Holds CPA, CA designation with extensive experience in financial management for public companies.
  • Strategic Context: Changes reflect focus on the next stage of development for the Sage Plain potash project in Utah's Paradox basin, following the filing of a preliminary economic assessment technical report.

Notable Quotes

  • "These executive changes reflect Sage Potash's focus on the next stage of development following the filing of its preliminary economic assessment technical report for its Sage Plain potash project and its continuing commitment to strong financial governance as it continues to execute on its strategic objectives."
Read the original news release →

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