Valence Resources, a majority-owned JV of Grand Gulf Energy (GGE), entered a non-binding agreement with Sage Potash Corp to establish a Joint Development Agreement (JDA). The aim is to capitalise on synergies between their co-located Red Helium and potash projects, focusing on cost-efficient de-risking and development efforts. Sage will contribute at least US$1mm to Valence's Jesse-3 well and potentially share costs for a 3D seismic survey.
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