Sage Potash increases placement to $10-million

Executive Summary

• Sage Potash Corp. has upsized its previously announced non-brokered private placement from $7 million to $10 million due to strong investor interest.
• The offering consists of up to 50 million units priced at $0.20 per unit, with each unit comprising one common share and one non-transferable warrant.
• Proceeds will be primarily used to execute key recommendations from a preliminary economic assessment, including drilling and engineering work, as well as for working capital and general administrative expenses.

Key Details

• Financing Structure: Upsized non-brokered private placement.
• Total Gross Proceeds: $10,000,000.
• Unit Price: $0.20 per unit.
• Quantity: Up to 50,000,000 units.
• Warrant Terms: Each unit includes one non-transferable common share purchase warrant.
  • Exercise Price: $0.30 per share.
  • Term: Three years from the date of closing.
  • Exercise Ratio: One warrant per one common share.
• Hold Period: Four months and one day from the date of issuance under applicable securities laws.
• Use of Proceeds:
  • Commence work on key recommendations from the Preliminary Economic Assessment (PEA) filed Nov. 6, 2025.
  • Specific activities include drilling of a stratigraphic hole, drill core analysis, testing, and engineering review.
  • Working capital and general and administrative expenses.
• Finders' Fees: May be paid in cash and/or securities.
• Conditions: Closing is subject to TSX Venture Exchange acceptance.
• Previous Context: The offering was originally announced on Dec. 8, 2025, at $7 million.

Notable Quotes

• No direct quotes from management were included in the provided text.