SAGE POTASH ANNOUNCES APPOINTMENTS OF A NEW BOARD OF DIRECTORS MEMBER, STRATEGIC OPERATIONS PARTNER AND GLOBAL FINANCE & TRADE PARTNER

Rhea-AI Summary

Sage Potash Corp. (TSXV: SAGE, OTC: SGPTF) announced key appointments to its leadership team aimed at accelerating its domestic potash production in Utah. Clark Sazwan joins the Board of Directors, bringing decades of experience in mining and fertilizers. Amir Rahimtula is appointed as Global Finance & Trade Partner, leveraging his extensive global financial and trading expertise. Shilo Sazwan is named Strategic Operations Partner, adding over thirty years of strategic operations experience in the fertilizer industry. These appointments are expected to enhance Sage's capabilities in efficient production and global market expansion. The press release also highlights the successful closing of a non-brokered private placement on May 27, 2024, raising $1.8226 million, further bolstering the company's financial position.

Positive

• Appointment of industry veteran Clark Sazwan to the Board of Directors may enhance strategic decision-making.
• Amir Rahimtula's expertise in global finance and trade could open new international markets and financial opportunities.
• Shilo Sazwan's experience in strategic operations and cost-effective infrastructure development may increase production efficiency.
• Successful closing of a $1.8226 million non-brokered private placement strengthens Sage Potash's financial position.

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• None.

Industry Experts Clark Sazwan to Join Board of Directors, Amir Rahimtula as Global Finance & Trade Partner and Shilo Sazwan as Strategic Operations Partner

VANCOUVER, BC, June 26, 2024 /PRNewswire/ - Sage Potash Corp. ("Sage" or the "Company") (TSXV: SAGE) (OTC: SGPTF), an exploration and development company focused on developing US domestic potash supply, is pleased to announce the appointments of Clark Sazwan on the Board of Directors, Amir Rahimtula as Global Markets and Finance Partner and Shilo Sazwan as a new Strategic Operations Partner. These significant company appointments will accelerate the Company's efforts in domestic potash production at the Sage Plain Property in Utah.

The Sazwan family pioneered the sulphur fertilizer and calcium production in North America and have been collaborating with the Rahimtula family on successful international fertilizer trade deals for over seven decades. Collectively, they bring their combined expertise and business relationships to advance Sage's potash project through pilot production and beyond.

"We are extremely pleased to add Clark to our board together with his multi-generational legacy experience. This collaboration represents a seminal opportunity for the Sazwan and Rahimtula families to participate in upstream potash production, to the benefit of our shareholders," said Peter Hogendoorn, CEO of Sage Potash Corp.

Clark Sazwan, Owner and Director of Tiger Tank Lines, former Owner and current Director of Tiger Calcium and the Director/Owner of Keg River Chemicals, will be joining the Board of Directors immediately. Clark brings decades of mining, agricultural and fertilizer industry expertise to Sage Potash, further strengthening the leadership team. Widely known for developing the sulphur fertilizer industry in North America, Sazwan's family ran Tiger Industries and spent decades as industry leaders while maintaining the lowest production costs.

"Sage Potash is poised for growth and innovation in the American potash market. I am thrilled to be a part of this project and help guide the company to become a leading supplier of potash to the American and eventually global markets," said Clark Sazwan, Member of Board of Directors, Sage Potash Corp.

Amir Rahimtula, is President of Transnational Enterprises, a Canadian trading company founded by his father in 1979, Ali Rahimtula, intended to extend a North American presence of the Rahimtula Group, founded by Amir's grandfather, Amir Ali Rahimtula Sr., the first Chairman of the Fertilizer Association of India. The Rahimtula Group was established in 1956 and has been a significant player in India's fertilizer sector for over six decades.

Amir brings a wealth of global financial and trading expertise, with his extensive experience suppling international fertilizer manufacturers with critical raw materials and finished fertilizers, developing global logistics infrastructure, structuring high value financial deals, and fostering notable business relationships with global financial trade industry leaders.

The Company is also pleased to announce Shilo Sazwan as our Strategic Operations Partner. Mr Sazwan brings over three decades of strategic operations experience and business relationships in the fertilizer industry. Mr Sazwan served as the Chief Operating Officer at Tiger Calcium, a leading producer and supplier of calcium chloride and sulphur fertilizer in North America. He has a proven track record for developing cost-effective and cutting-edge plant infrastructure, leading industry products and exceptional customer service.

"Shilo's strategic, operational expertise is crucial in guiding the building of cost-effective infrastructure required for rapid production and will position Sage Potash as a premier supplier in the American market and beyond," said Peter Hogendoorn, CEO of Sage Potash Corp.

As COO at Tiger Calcium, Sazwan oversaw 500 employees and championed the development of multiple industry-leading calcium and fertilizer plants, all with custom in-house technologies and a logistics division with direct shipping, including railcars and trucking fleets. Sazwan brings essential experience in developing and operating mechanical evaporation techniques to Sage - a process critical to Sage Potash's vision of implementing an environmentally friendly process versus the more commonly used solar evaporation technique. Under his leadership, strong community relations were pivotal; Tiger Calcium was the most significant contributor to the food bank in the region, and Shilo received a medal of honour for his instrumental leadership in helping the community of Slave Lake Alberta manage devastating wildfires.

"Sage Potash is at an exciting juncture, and I am honoured to partner with the company into its next chapter. I am looking forward to building a world-class team and working to bring Sage's vision of sustainable solution mining to life at the Sage Plain property in Utah," said Shilo Sazwan.

This announcement follows the previous release on May 27, 2024, which details the closing of non-brokered private placements grossing $1,822.600 million.

About Sage Potash
Sage Potash is a Canadian company vested solely in the Sage Plain Property. Through sustainable solution mining techniques, it intends to become a prominent domestic potash producer within the Paradox Basin in Utah. Sage Potash is listed on the Toronto Stock Exchange (TSX: Sage). For further information, please refer to the Company's disclosure record on SEDAR (www.sedar.com) or contact the Company by email at info@sagepotash.com. 

On Behalf of the Board of Directors,
Peter Hogendoorn
CEO & Executive Chairman

Website: www.sagepotash.com

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. This news release may contain "forward-looking statements", which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward–looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.

 

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SOURCE Sage Potash Corp.

FAQ

Who are the new appointees at Sage Potash Corp.?

Clark Sazwan joins the Board of Directors, Amir Rahimtula becomes the Global Finance & Trade Partner, and Shilo Sazwan is appointed as the Strategic Operations Partner.

What is the significance of Clark Sazwan's appointment to the Board of Directors?

Clark Sazwan brings decades of mining and fertilizer industry expertise, expected to enhance Sage Potash's strategic leadership.

How might Amir Rahimtula's role as Global Finance & Trade Partner impact Sage Potash?

Amir Rahimtula's global financial and trading expertise could help Sage Potash expand into international markets and secure high-value financial deals.

What will Shilo Sazwan contribute as Strategic Operations Partner at Sage Potash?

Shilo Sazwan will leverage his three decades of experience in strategic operations and cost-effective infrastructure development to improve production efficiency.

How much did Sage Potash raise in their recent non-brokered private placement?

Sage Potash raised $1.8226 million in their recent non-brokered private placement.

What is the goal of Sage Potash's new leadership appointments?

The new appointments aim to accelerate domestic potash production, improve operational efficiency, and expand into global markets.