Each Unit will consist of one common share in the capital of the Company (a “Common Share”) and one purchase warrant for common shares of the Company (a “Warrant”). All securities issued under the Offering are subject to a hold period of four months and one day from the date of issuance under applicable securities laws.
Each Warrant will be exercisable to purchase one Common Share at a price of $0.30 for a period of 3 years from the date of closing of the Offering.
Proceeds from the Offering will be used primarily to commence the work necessary to implement key recommendations made by internationally recognized engineering firm RESPEC LLC, in the Company’s recently submitted Preliminary Economic Assessment (see press release dated November 6, 2025), including drilling a stratigraphic hole, drill core analysis and testing and technical assessment. The proceeds will also be used for working capital and general and administrative expenses.
The Company may pay finder’s fees in cash and/or in securities of the Company in connection with the Offering.
Commenting on the company’s plan to drill the stratigraphic hole, RESPEC LLC stated: “A well-placed stratigraphic drill hole provides important data to advance mine design and increase confidence in resource estimates, supporting potential resource upgrades to reserves.* The purpose of this drill hole is to confirm mineralized thickness and grade and may allow a portion of the resource to be upgraded from inferred to indicated and measured. Drill results and collection of additional drill data will kick off of the feasibility study. Our current geological confidence is high based on the 2D seismic data and the nearby Johnson 1 well (on which the current resource estimate is based). It is expected that the additional stratigraphic borehole will further increase our geological confidence level, potentially allowing for the resource to be expanded and upgraded.
About Sage Potas
Sage Potash Corp. (TSXV: SAGE,OTC:SGPTF) (OTCQB: SGPTF) is focused on developing its flagship Sage Plain Potash Project, located in the Paradox Basin, Utah. With a large and high-quality raw material base, the company is making progress toward its goal of establishing a safe and sustainable domestic potash production platform in the United States. Sage Potash is committed to food safety, environmental stewardship and creating value for both shareholders and stakeholders.
On behalf of the Board of Directors,
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Warning regarding mineral resources
*Mineral resources have no demonstrated economic value, and further exploration may not result in the estimation of a mineral reserve or enable the upgrade of current resources to a measured and indicated classification.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws. The forward-looking statements contained herein are made only as of the date of this press release, and the Company undertakes no obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budgets”, “planned”, “estimates”, “forecasts”, “predicts”, “projects”, “intends”, “aims”, “intends”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases, or can be identified by statements contained therein imply that certain actions ‘may’, ‘could’, ‘would’, ‘could’, ‘might’ or ‘will’ be adopted, take place or be achieved. Forward-looking information in this press release includes, but is not limited to, statements regarding the Offering and regarding future events or future performance of Sage Potash. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s ability to control or predict, which may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied therein, and are developed based on assumptions about such risks, uncertainties and other factors set forth herein, including, but not limited to, the risk factors set forth under the heading “Risk Factors and Uncertainties” in the Company’s management information. Discussion and analysis available for review under the company profile at www.sedarplus.ca. Such forward-looking information represents management’s best judgment based on currently available information. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements or information.
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