Sage Potash increases financing to $14-million

Executive Summary

• Sage Potash Corp. has upsized its non-brokered private placement from $12 million to $14 million due to significant investor interest.
• The offering consists of up to 70 million units priced at $0.20 per unit, with proceeds allocated to advancing the Sage Plain potash project based on RESPEC LLC recommendations, working capital, and general administrative expenses.
• Each unit includes one common share and one non-transferable warrant exercisable at $0.30 per share for three years, subject to a four-month-and-one-day hold period.

Key Details

• Transaction Type: Non-brokered private placement upsizing.
• Previous Size: $12 million.
• New Size: $14 million.
• Units Offered: Up to 70,000,000 units.
• Price Per Unit: $0.20 CAD.
• Composition of Units: Each unit comprises one common share and one non-transferable common share purchase warrant.
• Warrant Terms:
  • Exercise Price: $0.30 per common share.
  • Duration: Three years from the date of closing.
  • Transferability: Non-transferable.
• Hold Period: Four months and one day from the date of issuance under applicable securities laws.
• Use of Proceeds:
  • Commencing work on key recommendations from the Preliminary Economic Assessment (PEA) filed Nov. 6, 2025, by engineering firm RESPEC LLC.
  • Specific activities include drilling of a stratigraphic hole, drill core analysis and testing, and engineering review.
  • Working capital.
  • General and administrative expenses.
• Finders' Fees: May be paid in cash and/or securities.
• Regulatory Status: Closing is subject to TSX Venture Exchange acceptance.
• Related Releases: Follows news releases dated Dec. 8, 2025, Dec. 10, 2025, and Dec. 11, 2025.

Notable Quotes

• None provided in the text.