Intrepid Potash

Intrepid Announces the Successful Completion of Two Drilling Projects at Its Moab Solar Solution Potash Mine

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月曜日, 7月 10, 2023

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Denver, CO, July 10, 2023 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. ("Intrepid," "we," or "our") (NYSE:IPI) today announced the successful completion of the Well 45 and Well 46 drilling projects at its solar solution potash mine in Moab, Utah.

Key Points:

Denver, CO, July 10, 2023 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. ("Intrepid," "we," or "our") (NYSE:IPI) today announced the successful completion of the Well 45 and Well 46 drilling projects at its solar solution potash mine in Moab, Utah.
This is the second update on Intrepid’s major capital projects included in its 2023 capital program.
We successfully completed the Well 45 and Well 46 drilling projects at our solar solution potash mine in Moab, Utah, in time for the 2023 evaporation season.
This single-well cavern is designed to have a long operational life with the laterals completed over approximately 18,000-feet of horizontal drilling.

Potash Miners Seek to Expand as Demand for the Mineral Grows

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水曜日, 7月 5, 2023

NEW YORK, July 5, 2023 /PRNewswire/ -- Potash is a valuable mineral that is widely used in the production of fertilizers, as well as in various industrial processes. It is a naturally occurring salt that contains potassium in a water-soluble form. Potassium is an essential nutrient for plant growth, and therefore, potash plays a vital role in agriculture as fertilizers containing potash help to improve crop yields and increase plant resistance to disease and pests. Potash also helps to improve the quality of crops by enhancing their flavor, color, and texture. As a result, the market value projections for potash are positive, with the global demand for potash expected to increase due to the growing population and the need for increased food production. And, according to data published by the Business Research Company, the global potash market size will grow from USD 22.04 Billion in 2022 to USD 23.03 Billion in 2023, at a compound annual growth rate (CAGR) of 4.5%. Sage Potash Corp. (OTC: SGPTF) (TSX-V: SAGE), Nutrien Ltd. (NYSE: NTR), FMC Corporation (NYSE: FMC), Intrepid Potash, Inc. (NYSE: IPI), The Mosaic Company (NYSE: MOS)

Key Points:

Potash also helps to improve the quality of crops by enhancing their flavor, color, and texture.
As a result, the market value projections for potash are positive, with the global demand for potash expected to increase due to the growing population and the need for increased food production.
The conventional mining methods involve the use of heavy equipment, explosives, and underground tunnels to extract the potash ore.
This method involves drilling a borehole into the potash deposit and injecting a solution into the ore body to dissolve the potash.

Potash Miners Seek to Expand as Demand for the Mineral Grows

Retrieved on:

水曜日, 7月 5, 2023

NEW YORK, July 5, 2023 /PRNewswire/ -- Potash is a valuable mineral that is widely used in the production of fertilizers, as well as in various industrial processes. It is a naturally occurring salt that contains potassium in a water-soluble form. Potassium is an essential nutrient for plant growth, and therefore, potash plays a vital role in agriculture as fertilizers containing potash help to improve crop yields and increase plant resistance to disease and pests. Potash also helps to improve the quality of crops by enhancing their flavor, color, and texture. As a result, the market value projections for potash are positive, with the global demand for potash expected to increase due to the growing population and the need for increased food production. And, according to data published by the Business Research Company, the global potash market size will grow from USD 22.04 Billion in 2022 to USD 23.03 Billion in 2023, at a compound annual growth rate (CAGR) of 4.5%. Sage Potash Corp. (OTC: SGPTF) (TSX-V: SAGE), Nutrien Ltd. (NYSE: NTR), FMC Corporation (NYSE: FMC), Intrepid Potash, Inc. (NYSE: IPI), The Mosaic Company (NYSE: MOS)

Key Points:

Potash also helps to improve the quality of crops by enhancing their flavor, color, and texture.
As a result, the market value projections for potash are positive, with the global demand for potash expected to increase due to the growing population and the need for increased food production.
The conventional mining methods involve the use of heavy equipment, explosives, and underground tunnels to extract the potash ore.
This method involves drilling a borehole into the potash deposit and injecting a solution into the ore body to dissolve the potash.

Intrepid Announces Successful Completion of Phase One and Provides Update on Phase Two of the HB Injection Pipeline Project

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水曜日, 6月 21, 2023

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Denver, CO, June 21, 2023 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. ("Intrepid," "we," or "our") (NYSE:IPI) today announced the successful completion of Phase One and provides an update on Phase Two of its HB Injection Pipeline Project (“the Project”).

Key Points:

Denver, CO, June 21, 2023 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. ("Intrepid," "we," or "our") (NYSE:IPI) today announced the successful completion of Phase One and provides an update on Phase Two of its HB Injection Pipeline Project (“the Project”).
Until the completion of Phase Two of the Project, we anticipate operating at average injection rates of approximately 1,100 GPM, which is approximately 55% higher than injection rates prior to starting the Project.
Following the completion of Phase Two, we anticipate operating at injection rates in the range of 1,500 to 2,000 GPM.
The HB Injection Pipeline Project has two phases: Phase One is the installation of a new 21-mile pipeline to increase brine injection rates; Phase Two is the installation of an in-line pigging system to clean the pipeline and prevent scaling to help ensure more consistent flow rates.

Intrepid Announces First Quarter 2023 Results

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水曜日, 5月 3, 2023

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Denver, CO, May 03, 2023 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. ("Intrepid", the "Company", "we", "us", "our") (NYSE:IPI) today reported its results for the first quarter of 2023.

Key Points:

Denver, CO, May 03, 2023 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. ("Intrepid", the "Company", "we", "us", "our") (NYSE:IPI) today reported its results for the first quarter of 2023.
Intrepid maintains an investment account of short-and-long-term fixed income securities that had a balance of approximately $7.8 million as of April 28, 2023.
Incurred capital expenditures of $21.0 million in the first quarter of 2023 and expect full-year 2023 capital expenditures to be in the range of $60 to $75 million.
Intrepid generated first quarter 2023 sales of $86.9 million, a 17% decrease from first quarter 2022 sales of $104.4 million.

Advanced Potash Mining Solutions Can Help Stabilize the Marketplace

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火曜日, 3月 21, 2023

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NEW YORK, March 21, 2023 /PRNewswire/ -- Potash includes various mined and manufactured salts that contain potassium in water-soluble form. Potassium, as one of the three main macronutrients, is in high demand as a fertilizer. As a result, the potash industry supplies over 45 million tons of the nutrient (K2O) to the global farming community, at a value exceeding USD 17 Billion annually. Potassium is vital for all plants as it plays a key role in water uptake and the synthesis of plant material, improving plant health. Most of the world's potash comes from Canada, with the largest deposits located in Saskatchewan and New Brunswick. Russia and Belarus rank as the second and third highest potash producers. However, as a result of the Russia-Ukraine war, the market has been affected, as economic sanctions on Russia have caused a surge in commodity prices and supply chain disruptions. And, according to data published by the Business Research Company, the global potash market size will grow from USD 22.04 Billion in 2022 to USD 23.03 Billion in 2023, at a compound annual growth rate (CAGR) of 4.5%. Sage Potash Corp. (TSX-V: SAGE), The Mosaic Company (NYSE: MOS), Nutrien Ltd. (NYSE: NTR), ICL Group Ltd. (NYSE: ICL), Intrepid Potash, Inc. (NYSE: IPI)

Key Points:

Sage Potash Corp. (TSX-V: SAGE), The Mosaic Company (NYSE: MOS), Nutrien Ltd. (NYSE: NTR), ICL Group Ltd. (NYSE: ICL), Intrepid Potash, Inc. (NYSE: IPI)
The main types of potash mining include underground or solution mining.
When deposits are located very deep in the earth, solution mining is used as an alternative to traditional underground mining.
Solution mining employs the use of water, or brine, to dissolve water soluble minerals such as potash, magnesium or other salts.
Intrepid Potash, Inc. (NYSE: IPI) announced on March 6th, reports its financial results for the fourth quarter and full-year of 2022.

Advanced Potash Mining Solutions Can Help Stabilize the Marketplace

Retrieved on:

火曜日, 3月 21, 2023

NEW YORK, March 21, 2023 /PRNewswire/ -- Potash includes various mined and manufactured salts that contain potassium in water-soluble form. Potassium, as one of the three main macronutrients, is in high demand as a fertilizer. As a result, the potash industry supplies over 45 million tons of the nutrient (K2O) to the global farming community, at a value exceeding USD 17 Billion annually. Potassium is vital for all plants as it plays a key role in water uptake and the synthesis of plant material, improving plant health. Most of the world's potash comes from Canada, with the largest deposits located in Saskatchewan and New Brunswick. Russia and Belarus rank as the second and third highest potash producers. However, as a result of the Russia-Ukraine war, the market has been affected, as economic sanctions on Russia have caused a surge in commodity prices and supply chain disruptions. And, according to data published by the Business Research Company, the global potash market size will grow from USD 22.04 Billion in 2022 to USD 23.03 Billion in 2023, at a compound annual growth rate (CAGR) of 4.5%. Sage Potash Corp. (TSX-V: SAGE), The Mosaic Company (NYSE: MOS), Nutrien Ltd. (NYSE: NTR), ICL Group Ltd. (NYSE: ICL), Intrepid Potash, Inc. (NYSE: IPI)

Key Points:

Sage Potash Corp. (TSX-V: SAGE), The Mosaic Company (NYSE: MOS), Nutrien Ltd. (NYSE: NTR), ICL Group Ltd. (NYSE: ICL), Intrepid Potash, Inc. (NYSE: IPI)
The main types of potash mining include underground or solution mining.
When deposits are located very deep in the earth, solution mining is used as an alternative to traditional underground mining.
Solution mining employs the use of water, or brine, to dissolve water soluble minerals such as potash, magnesium or other salts.
Intrepid Potash, Inc. (NYSE: IPI) announced on March 6th, reports its financial results for the fourth quarter and full-year of 2022.

Intrepid Announces Fourth Quarter and Full-Year 2022 Results

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月曜日, 3月 6, 2023

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Denver, CO, March 06, 2023 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. (NYSE:IPI) ("Intrepid", the "Company", "we", "us", "our") today reports its financial results for the fourth quarter and full-year of 2022.

Key Points:

Denver, CO, March 06, 2023 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. (NYSE:IPI) ("Intrepid", the "Company", "we", "us", "our") today reports its financial results for the fourth quarter and full-year of 2022.
Adjusted EBITDA(1) of $23.1 million for the fourth quarter, bringing full-year 2022 adjusted EBITDA to $141.8 million.
Cash flow from operations of $19.7 million in the fourth quarter, increasing full-year 2022 cash from operations to $88.8 million; the full-year figure includes an outflow of $32.6 million related to a customer refund in the third quarter of 2022.
Intrepid generated fourth quarter and full-year 2022 sales of approximately $67 million and $338 million, respectively, which compares to fourth quarter and full-year 2021 sales of approximately $72 million and $270 million, respectively.

American Potash Receives Initial Approvals to Drill Exploratory Wells on its Green River Potash and Lithium Project, Utah

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水曜日, 12月 14, 2022

Formal drill permits will be issued upon meeting reclamation bonding and any other requirements stipulated in the Company’s Notice of Intent to Conduct Exploration (NOI).

Key Points:

Formal drill permits will be issued upon meeting reclamation bonding and any other requirements stipulated in the Company’s Notice of Intent to Conduct Exploration (NOI).
The Green River Potash and Lithium Project is situated within Utah’s Paradox Salt Basin, and could potentially be one of the largest sources of potash in the USA**.
A NI 43-101 Technical Report by Agapito Associates Inc. states that the Green River Potash and Lithium Project hosts an Exploration Target estimated to contain 600 million to 1 billion tons of sylvinite grading between 19% to 29% KCL.
*Agapito Associates Inc. Technical report (October 2012) quantifies the Green River Potash Project’s potash exploration potential in the form of a NI 43-101 Exploration Target.

Precision Drilling Corporation Announces Addition of New Director

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火曜日, 10月 4, 2022

CALGARY, Alberta, Oct. 04, 2022 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (Precision or the Company) (TSX:PD; NYSE:PDS) is pleased to announce the addition of Lori A. Lancaster to its Board of Directors (the Board).

Key Points:

CALGARY, Alberta, Oct. 04, 2022 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (Precision or the Company) (TSX:PD; NYSE:PDS) is pleased to announce the addition of Lori A. Lancaster to its Board of Directors (the Board).
The Board believes Ms. Lancaster is qualified to serve as a Director due to her extensive knowledge and experience and that her addition will enhance Precisions existing Board.
Additionally, she is an independent director for Intrepid Potash, Inc. and serves as Chair of the Nominating and Corporate Governance Committee.
She previously served on the boards of HighPoint Resources Corporation and Energen Corporation.