Compass Minerals Announces Suspension of Lithium Project Pending Regulatory Clarity in Utah
Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, today announced that, until it has clarity on the evolving regulatory climate in Utah, it will be suspending indefinitely any further investment in its planned lithium project.
- Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, today announced that, until it has clarity on the evolving regulatory climate in Utah, it will be suspending indefinitely any further investment in its planned lithium project.
- It is anticipated that the lithium project would create in excess of an additional 100 jobs in the area.
- As a result, Compass Minerals will be indefinitely suspending any further investment in its lithium project in Utah beyond certain already committed items associated with the early stages of construction of its commercial scale demonstration unit.
- “First, our board will only authorize further investment in this project if the evolving regulatory climate in Utah encourages responsible lithium development like we have been pursuing.