Sage Potash Corp. (TSXV: SAGE | OTC: SGPTF) has announced the appointment of Tim Mizuno as president and chief operating officer. With extensive experience in the agricultural and fertilizer sectors, particularly at Nutrien, the world’s largest potash producer, Mizuno will play a crucial role in guiding the company’s transition from project development to a production-oriented business. His leadership is expected to strengthen Sage Potash’s competitive advantages as it moves toward potash production in the US, emphasizing sustainable practices.
Additionally, Sage Potash has entered into an unsecured loan facility agreement for C$1,050,000 with Inter World Investments, bearing a two-year term and a 7% interest rate. As part of this agreement, Sage will issue 5,819,940 non-transferable warrants to the lender, each exercisable at C$0.25 for two years. The proceeds from the loan will support the company’s general working capital and operational needs.
These strategic actions reflect Sage Potash’s commitment to enhancing its operational capabilities and positioning itself as a leader in sustainable potash production, which is vital for American food security. Investors should view these developments as pivotal steps in the company’s growth trajectory and overall market positioning.
To find out more, please visit www.sagepotash.com
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