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U.S. Department Of Agriculture Selects Intrepid Potash's Sulfate Of Potash Project For ~$139M In Proposed Matching Financing For Construction Of Production Site In New Mexico

Benzinga·10/26/2026 12:36:14
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Intrepid Potash, Inc. ("Intrepid" or "the Company") (NYSE:IPI), a leading diversified mineral company serving the agriculture and animal feed markets, and the only U.S. producer of muriate of potash, today announced that the U.S. Department of Agriculture ("USDA") selected Intrepid’s sulfate of potash (SOP) project for approximately $139 million in proposed matching funding to support the construction of a SOP manufacturing facility near Carlsbad, New Mexico, through its Fertilizer Investment & Expansion for Long-Term Domestic Supply ("FIELDS") program. If constructed, the SOP plant would introduce a new product to Intrepid’s portfolio, further diversifying the Company’s product offerings and expanding its presence in specialty fertilizer markets by complementing its Trio® and potash fertilizer products.