The appointment of Rod Reum will bring a long, tenured and strong track record of executive leadership and corporate finance to Sage Potash as it progresses
into construction.
Sage Potash Corp., TSXV: SAGE, OTC: SGPTF (“Sage” or the “Company”) is pleased to announce that Rod Reum has been appointed Chief Financial Officer
effective immediately. Mr. Reum brings forty years of international finance leadership experience and public company governance as Sage Potash progresses
into its construction phase of developing its Sage Plain Project in Utah. As CFO, Mr. Reum adds to the recent transformation of the management team of
operational industry experts, such as Shilo Sazwan who joined Sage Potash as a strategic operations partner. Mr. Sazwan is responsible for sourcing and
securing the fertilizer plant equipment purchase agreement in partnership with International Process Plants
(insert link to press release: https://sagepotash.com/sage-potash-announces-equipment-purchase-and-financing/).
With the Company advancing towards construction and operations, Mr. Sazwan has brought on his Terrarock Industries team of in-house engineering, construction,
logistics, and accounting experts to lead the project management of the construction and commissioning of its Muriate of Potash pilot plant in Utah.
Mr. Sazwan and his construction and engineering team have over twenty-five years of experience designing and operating high-quality, innovative, sustainable
evaporative mineral plants. The Company’s Utah Sage Plain plant will be Mr. Sazwan’s ninth such facility to be built at significant cost savings.
Mr. Reum joins Sage Potash with extensive experience and a strong executive corporate finance track record, including leading high-growth start-ups and large
international partnerships from development to production stages across construction, mining, alternative energy, forestry and military industries.
Highly skilled in risk management, securing global strategic alliances and leading finance teams through complex international joint ventures, including a
large Canadian Kraft Pulp Mill.
Mr. Reum most recently served as CFO for Mavericks Micro Grids Inc, providing leadership and expertise in US IRA Investment Tax Credits financing and carbon
credit modelling. “Sage Potash’s opportunity value is unparalleled and key to local production in support of America’s fertilizer industry, which is nearly
100% dependent on potash imports. With Sage’s recent announcements of adding new senior operational partners and the plant equipment purchase, the team is
clearly committed to advancing this project in a highly cost effective, risk mitigated strategy,” said Mr. Reum.
Sage’s CEO, Peter Hogendoorn says, “The appointment of Mr. Reum and his expertise in overseeing both US and Canadian public companies will provide the
appropriate financial oversight and strategic guidance to Sage as our construction begins and operations expand. With our recent plant acquisition
announcement and financing activities, we are clearly focused on delivering results and value to our shareholders at each stage of our project development.”
Mr. Reum replaces Mr. Grossholtz, who has served as CFO since November 2021. The Company wishes to thank Mr. Grossholtz for fulfilling that role and to
express its appreciation for his service.
The Company’s aim is to share in the achievements with its directors, employees, and consultants and encourage all parties to align interests with
shareholders in boosting Sage Potash’s long-term value and profitability. As such, the Company wishes to announce it has granted an aggregate of
4,350,000 stock options to certain directors, officers, employees, and consultants pursuant to the Company’s stock option plan. The stock options have
an exercise price of $0.25 per share and an expiry date of October 26, 2026.
About Sage Potash Corp.
Sage Potash is a Canadian company vested solely in the Sage Plain Property and intends through sustainable solution mining techniques to become a prominent
domestic potash producer within the Paradox Basin situated in Utah. For further information, please refer to the Company’s disclosure record on SEDAR+
(www.sedarplus.ca) or contact the Company by email at info@sagepotash.com.
On Behalf of the Board of Directors,
Peter Hogendoorn
CEO & Executive Chairman
(604) 764-2158
Website: sagepotash.com
