Intrepid Potash

Intrepid Announces Accident Involving CEO

Retrieved on: 
Tuesday, April 9, 2024
Family, Intrepid Potash, CO, IPI

Denver, CO, April 09, 2024 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. ("Intrepid”, “we," or "our") (NYSE:IPI) today announced that on Saturday, April 6, 2024, Bob Jornayvaz was involved in an accident while playing in the U.S. Open Polo Championship and is currently receiving treatment.

Key Points: 
  • Denver, CO, April 09, 2024 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. ("Intrepid”, “we," or "our") (NYSE:IPI) today announced that on Saturday, April 6, 2024, Bob Jornayvaz was involved in an accident while playing in the U.S. Open Polo Championship and is currently receiving treatment.
  • Our thoughts are with him and his family.
  • We will provide updates as more information becomes available.

Intrepid Announces Fourth Quarter and Full-Year 2023 Results

Retrieved on: 
Wednesday, March 6, 2024
Well, Lithium, Amendment, Potassium chloride, Investment, Intrepid Potash, Intrepid, GAAP, Pond, Executive, Public expenditure, Economics, HB, Cave, IPI, CO, Water, Potash

Denver, CO, March 06, 2024 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. (NYSE:IPI) ("Intrepid", the "Company", "we", "us" and "our") today reports its financial results for the fourth quarter and full-year of 2023.

Key Points: 
  • Denver, CO, March 06, 2024 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. (NYSE:IPI) ("Intrepid", the "Company", "we", "us" and "our") today reports its financial results for the fourth quarter and full-year of 2023.
  • Included in the GAAP net loss figures are non-cash impairment charges of $42.8 million in the fourth quarter of 2023 and $43.3 million for the full-year 2023.
  • Adjusted EBITDA(1) of $7.1 million for the fourth quarter, bringing our full-year 2023 adjusted EBITDA to $41.6 million.
  • Intrepid generated fourth quarter and full-year 2023 sales of approximately $56.7 million and $279.1 million, respectively, which compares to fourth quarter and full-year 2022 sales of approximately $66.7 million and $337.6 million, respectively.

Intrepid Announces Date for Fourth Quarter 2023 Earnings Release

Retrieved on: 
Friday, February 23, 2024
International, Intrepid Potash, Intrepid, IPI, Webcast, CO

Denver, CO, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. (NYSE: IPI) plans to release its fourth quarter 2023 financial results on Wednesday, March 6, 2024, after the market closes.

Key Points: 
  • Denver, CO, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. (NYSE: IPI) plans to release its fourth quarter 2023 financial results on Wednesday, March 6, 2024, after the market closes.
  • Intrepid will host a conference call on Thursday, March 7, 2024, at 12:00 p.m. Eastern Time to discuss the results and other operating and financial matters and answer investor questions.
  • Management invites you to listen to the conference call by using the toll-free dial-in number 1 (800) 715-9871 or International dial-in number 1 (646) 307-1963; please use conference ID 1179359.
  • The replay of the call will require the input of the conference ID 1179359.

Intrepid Enters into Third Amendment to Cooperative Development Agreement with XTO

Retrieved on: 
Tuesday, January 9, 2024
Intrepid Potash, Intrepid, CO, Executive, IPI, DPA

Denver, CO, Jan. 09, 2024 (GLOBE NEWSWIRE) -- As previously announced, on December 12, 2023, Intrepid Potash, Inc. ("Intrepid," the "Company," or "our") (NYSE:IPI) entered into a Third Amendment to the Cooperative Development Agreement (the “Amendment”) with XTO Holdings, LLC (“XTO Holdings”) and XTO Delaware Basin, LLC, as successors in interest to BOPCO, L.P. (“XTO Delaware Basin,” and together with XTO Holdings, “XTO”).

Key Points: 
  • Denver, CO, Jan. 09, 2024 (GLOBE NEWSWIRE) -- As previously announced, on December 12, 2023, Intrepid Potash, Inc. ("Intrepid," the "Company," or "our") (NYSE:IPI) entered into a Third Amendment to the Cooperative Development Agreement (the “Amendment”) with XTO Holdings, LLC (“XTO Holdings”) and XTO Delaware Basin, LLC, as successors in interest to BOPCO, L.P. (“XTO Delaware Basin,” and together with XTO Holdings, “XTO”).
  • As consideration under the Amendment, on January 2, 2024, Intrepid received a payment of $45 million from XTO, which was in addition to an initial payment of $5 million received from XTO on December 12, 2023.
  • XTO is also required to pay additional amounts to Intrepid as an “Access Realization Fee,” up to a maximum amount of $100 million, in the event of certain additional drilling activities by XTO.
  • Pursuant to the Amendment, among other things, Intrepid agrees to support and not oppose XTO’s development and operation of XTO’s oil and gas interests within the Designated Potash Area (“DPA”).

Intrepid Engages Pickering Energy Partners as Lithium Advisor

Retrieved on: 
Tuesday, December 12, 2023
Lithium, Potash, Intrepid, IPI, Intrepid Potash, Potassium, Executive, Magnesium, CO, PEP, Pond

Denver, CO, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. ("Intrepid," "we," or "our") (NYSE:IPI) today announced it engaged Pickering Energy Partners LP (“Pickering” or “PEP”) to advise on maximizing the value of the lithium resource at its mine in Wendover, Utah.

Key Points: 
  • Denver, CO, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. ("Intrepid," "we," or "our") (NYSE:IPI) today announced it engaged Pickering Energy Partners LP (“Pickering” or “PEP”) to advise on maximizing the value of the lithium resource at its mine in Wendover, Utah.
  • Pickering has established itself as a leader and trusted advisor in the energy space and we are excited to partner together and evaluate promising new direct lithium extraction (“DLE”) technologies to recover lithium from our brine and create value for Intrepid and our shareholders."
  • “The opportunity for Intrepid to develop its lithium resource is compelling as its existing potash operation and infrastructure provide a clear path to production in the rapidly growing lithium industry,” said Dan Pickering, Chief Investment Officer of PEP.
  • In addition to potash and salt, our brine resource also contains magnesium, lithium, and other associated minerals.

Intrepid Announces Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 8, 2023
Well, NYSE, Hydrometallurgy, Potassium chloride, Economics, Public expenditure, Cave, EBITDA, Intrepid Potash, Intrepid, IPI, Miner, Transport, Executive, CO, HB, Potash, Video game, Cryptocurrency, Twofer

Denver, CO, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. ("Intrepid", the "Company", "we", "us", "our") (NYSE:IPI) today reported its results for the third quarter of 2023.

Key Points: 
  • Denver, CO, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. ("Intrepid", the "Company", "we", "us", "our") (NYSE:IPI) today reported its results for the third quarter of 2023.
  • Incurred capital expenditures of $16.6 million in the third quarter of 2023.
  • We expect to see an improvement in operating efficiencies and production during the fourth quarter of 2023 with both of the new miners in service for the full quarter.
  • In the third quarter of 2023, Intrepid generated sales of $54.5 million, a 27% decrease from third quarter 2022 sales of $74.8 million.

Intrepid Announces the Successful Completion of the Eddy Shaft Brine Extraction Project

Retrieved on: 
Thursday, November 2, 2023
Well, NYSE, Potassium chloride, Economics, Intrepid Potash, Intrepid, Project, Pond, IPI, Cave, Executive, CO, HB, Potash, Lithium

Denver, CO, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. ("Intrepid," "we," or "our") (NYSE:IPI) today announced the successful completion of the Eddy Shaft Brine Extraction Project (“Project”) at its HB solar solution mine (“HB”) in Carlsbad, New Mexico after an eight-month permitting process.

Key Points: 
  • Denver, CO, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. ("Intrepid," "we," or "our") (NYSE:IPI) today announced the successful completion of the Eddy Shaft Brine Extraction Project (“Project”) at its HB solar solution mine (“HB”) in Carlsbad, New Mexico after an eight-month permitting process.
  • The Project utilizes the existing Eddy Shaft to access a 270-million-gallon brine pool with a potassium chloride (“KCl”) concentration expected at over 9% (1).
  • Successfully completing the Eddy Shaft Brine Extraction Project is an important near-term bridge to higher production until we commission the two remaining projects, Phase Two of the HB Injection Pipeline Project and New Replacement Extraction Well.
  • The Eddy Shaft brine is expected to be the primary source of potash production for the second half of 2024 and early-2025.

Intrepid Announces Date for Third Quarter 2023 Earnings Release

Retrieved on: 
Tuesday, October 31, 2023
CO, Intrepid Potash, Intrepid, NYSE, Webcast, International, IPI, Cryptocurrency

Denver, CO, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. (NYSE: IPI) plans to release its third quarter 2023 financial results on Wednesday, November 8, 2023, after the market closes.

Key Points: 
  • Denver, CO, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. (NYSE: IPI) plans to release its third quarter 2023 financial results on Wednesday, November 8, 2023, after the market closes.
  • Intrepid will host a conference call on Thursday, November 9, 2023, at 12:00 p.m. Eastern Time to discuss the results and other operating and financial matters and answer investor questions.
  • The replay of the call will require the input of the replay access code 158078.
  • The recording will be available through November 16, 2023.

Intrepid Publishes New Presentation

Retrieved on: 
Wednesday, September 20, 2023
IPI, Intrepid, CO, Intrepid Potash, NYSE, Potash

Denver, CO, Sept. 20, 2023 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. ("Intrepid") (NYSE:IPI) has made a new presentation available through the Investor Relations section of the Company’s website at www.intrepidpotash.com .

Key Points: 
  • Denver, CO, Sept. 20, 2023 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. ("Intrepid") (NYSE:IPI) has made a new presentation available through the Investor Relations section of the Company’s website at www.intrepidpotash.com .
  • The presentation is titled “Overview of Intrepid’s Potash Operations.”

John G. Mansanti Appointed to Board of American Rare Earths

Retrieved on: 
Monday, August 21, 2023
Gold Fields, Mineral, BS, Society, Senior, Bald Mountain, SME, Penn State College of Earth and Mineral Sciences, ASX, Metallurgy, Freeport-McMoRan, MS, Sarly Adre Sarkum, United States Department of the Interior, Intrepid Potash, ARR, Mining, Engineering, Interior, Montana Technological University, Kennicott, Rare-earth element, Management, Newmont, Chemistry

DENVER, Aug. 21, 2023 (GLOBE NEWSWIRE) -- American Rare Earths (ASX: ARR | ADRs - OTCQX: AMRRY | Common Shares - OTCQB: ARRNF) | FSE:1BHA) (ARR or the Company) is pleased to announce John G. Mansanti has joined the Board of the Company.

Key Points: 
  • DENVER, Aug. 21, 2023 (GLOBE NEWSWIRE) -- American Rare Earths (ASX: ARR | ADRs - OTCQX: AMRRY | Common Shares - OTCQB: ARRNF) | FSE:1BHA) (ARR or the Company) is pleased to announce John G. Mansanti has joined the Board of the Company.
  • “We are very excited to have John join our board as he has significant operating and management experience,” says Creagh O’Connor, Chairman, American Rare Earths.
  • I look forward to working with fellow board members and the management team in the development of viable American based rare earth projects,” says John Mansanti.
  • This announcement has been authorized for release by the Board of American Rare Earths.