https://www.engineeringnews.co.za
Gas|Oil And Gas|Resources|Surface
Gas|Oil And Gas|Resources|Surface
gas|oil-and-gas|resources|surface

Sage Potash forms US lithium subsidiary

27th June 2023

By: Creamer Media Reporter

     

Font size: - +

TSX-V-listed Sage Potash has announced the formation of a US subsidiary, Sage Lithium, which will operate as a standalone unit exploring mineral leases for lithium and other soluble saline mineralisation on private mineral and surface leases owned by the parent company.

Sage Potash holds leases in the Paradox basin that grant the company exclusive rights to extract potash, lithium and other saline minerals and resources.

The company believes that historic oil and gas wells throughout the Paradox basin were seldom analysed for lithium, bromine, potassium and boron, though the few that were sampled returned concentrations ranging from 66 ppm to 1 700 ppm lithium, 18 800 ppm to 47 000 ppm potassium, and 1 150 ppm to 6 100 ppm bromine.

“When we included 'saline mineral rights' in our initial private mineral leases, we didn't realise at the time how much lithium interest would develop in the Paradox Basin/Lisbon Valley. Using SQM (Sociedad Quimica y Minera de Chile S.A.) as a model, which can be considered either the world's lowest cost lithium producer or potash producer, management believes there is a significant opportunity to leverage both the geology and its lease rights to add considerable shareholder value for multiple complementary mineral development streams, or as an eventual company spin-off,” said Sage Potash CEO Peter Hogendoorn.

  

Edited by Creamer Media Reporter

Comments

Showroom

GreaseMax
GreaseMax

GreaseMax is a chemically operated automatic lubricator.

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (26/04/2024)
26th April 2024 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.093 0.151s - 158pq - 2rq
Subscribe Now