- The United States Department of Agriculture has approved Sage Potash (TSXV:SAGE) for US$14 million in grant funding
- The company plans to build a 300,000-ton-per-year production facility at its Sage Plain potash project in Utah
- Sage Potash intends to become a prominent United States potash producer
- Sage Potash stock has added 87.50 per cent year-over-year
The United States Department of Agriculture has approved Sage Potash (TSXV:SAGE) for US$14 million in grant funding, subject to terms and conditions, for its Sage Plain project in Utah, where the company intends to build a 300,000-ton-per-year potash production facility.
This content has been prepared as part of a partnership with Sage Potash Corp., and is intended for informational purposes only.
The funding, approved under the Fertilizer Product Expansion Program, represents “a significant portion of expected project costs,” according to Tuesday’s news release, positioning Sage to meaningfully contribute to domestic supply and decrease potash imports, mostly from Canada, Eastern Europe and the Middle East, from their current level of more than 90 per cent of consumption. According to the USGS, U.S. potash imports for consumption reached 6.1 million tons of K2O equivalent in 2024.
Potash’s irreplaceable role in fertilizer, plant growth and a stable food supply landed it on the draft list of critical minerals for the Department of the Interior and U.S. Geological Survey (USGS) released on August 25, 2025, granting Sage potential access to tax credits and federal funding.
The grant coincides with ongoing permitting and preliminary economic assessment (PEA) work for Sage Plain guided by RESPEC, a top potash deposit and mine development company, with the PEA expected by the end of Q3 2025.
Leadership insights
“The USDA grant underscores the importance of increasing domestic potash capacity to serve U.S. farmers and Sage is uniquely positioned to build incremental capacity in-market that is de-risked in terms of capital, time to production and execution,” Tim Mizuno, president and chief operating officer, said in a statement. “This grant brings Sage Potash one step closer to planned production and accelerates partnering and financing efforts.”
“The project is expected to create approximately 100 well-paying jobs in the San Juan County of Utah,” Mizuno added, “and uses proven solution-mining techniques that are expected to improve safety and environmental impacts relative to conventional potash mining.”
“Sage applauds the U.S. Federal administration’s decision to add potash to the critical mineral list and is grateful for the USDA grant,” commented Peter Hogendoorn, Sage Potash’s chief executive officer. “With this support, we are well-positioned to help grow domestic potash production, de-risk the foreign supply chain for American farmers and create long-term value for our shareholders.”
About Sage Potash
Sage Potash intends to become a prominent United States potash producer based out of its flagship Sage Plain property in Utah, which houses a pair of inferred resources estimated at 159.3 million tons grading 26.96 per cent K2O/42.67 per cent KCl and 120.2 million tons grading 22.60 per cent K2O/35.77 per cent KCl.
Sage Potash stock (TSXV:SAGE) opened with a loss of 1.32 per cent trading at C$0.38. The stock has added 87.50 per cent year-over-year.
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