Intrepid Potash Granted USDA Award for Sulfate of Potash Manufacturing Plant in New Mexico

MT newswire2026/10/26 14:00

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10:00 AM EDT, 10/26/2026 (MT Newswires) -- Intrepid Potash (IPI) has been selected for US Department of Agriculture's $139 million in proposed matching funding award to support the construction of a sulfate of potash manufacturing facility near Carlsbad, New Mexico, the company said Monday. The facility is expected to have annual production capacity of 220,000 tons, the company said, adding that the plans remain subject to fulfillment of all applicable grant conditions, and a final investment decision, which is slated for late next year. Shares of the company were up 2.4% in early Monday trading. Price: 31.93, Change: +0.70, Percent Change: +2.24

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