Great Salt Lake

Climate Change and Natural Resources Take Center Stage

Retrieved on: 
Thursday, February 1, 2024

Every exhibition focuses on our natural world from The Great Salt Lake and biocrust to public lands and the American West landscape.

Key Points: 
  • Every exhibition focuses on our natural world from The Great Salt Lake and biocrust to public lands and the American West landscape.
  • This modular project features a little-known Visual Resource Management System which is used to determine the "scenic or visual values of American public lands."
  • Diane Tuft: Entropy, through April 27, 2024: Diane Tuft's photographs explore the destructive impact climate change has had on our region: specifically, the demise of the Great Salt Lake.
  • You'll see the impact of climate change expressed as saturated colors, visible cracks, and clear textures.

Compass Minerals Reports Fiscal Fourth-Quarter and Full-Year 2023 Results

Retrieved on: 
Thursday, November 16, 2023

Fiscal 2023 fourth-quarter results primarily reflect weaker Plant Nutrition segment sales offset by improved profitability in the Salt business versus the comparable year-ago period.

Key Points: 
  • Fiscal 2023 fourth-quarter results primarily reflect weaker Plant Nutrition segment sales offset by improved profitability in the Salt business versus the comparable year-ago period.
  • Consolidated operating earnings for fiscal 2023 were $79.1 million, up $36.2 million year over year, and adjusted EBITDA of $200.8 million rose $12.3 million year over year.
  • During the year, Compass Minerals completed the acquisition of the remaining 55% of Fortress, bringing the company to full ownership.
  • Net cash provided by operating activities amounted to $101.1 million for fiscal 2023, down $19.4 million year over year.

Compass Minerals Announces Suspension of Lithium Project Pending Regulatory Clarity in Utah

Retrieved on: 
Thursday, November 2, 2023

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.

Key Points: 
  • 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.

Compass Minerals Reports Fiscal 2023 Third-Quarter Results

Retrieved on: 
Tuesday, August 8, 2023

All amounts in this press release represent results from continuing operations unless otherwise noted, except for amounts pertaining to the fiscal 2022 condensed consolidated statements of cash flows, which include results from discontinued operations.

Key Points: 
  • All amounts in this press release represent results from continuing operations unless otherwise noted, except for amounts pertaining to the fiscal 2022 condensed consolidated statements of cash flows, which include results from discontinued operations.
  • Salt fiscal 2023 third-quarter revenue totaled $155.5 million and was essentially flat year over year.
  • As previously disclosed, Compass Minerals completed the acquisition of the remaining 55% of Fortress that it did not own on May 5, 2023.
  • The company has provided updated commentary regarding its fiscal 2023 financial outlook as well as initial commentary regarding the North American highway deicing bidding process for fiscal 2024.

Compass Minerals Signs Binding Multiyear Agreement to Supply Ford Motor Company with Battery-Grade Lithium Carbonate

Retrieved on: 
Monday, May 22, 2023

Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, today announced the signing of a binding, multiyear supply agreement to provide Ford Motor Company (Ford; NYSE: F), a global auto manufacturer, with battery-grade lithium carbonate from its Ogden, Utah, lithium brine development project.

Key Points: 
  • Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, today announced the signing of a binding, multiyear supply agreement to provide Ford Motor Company (Ford; NYSE: F), a global auto manufacturer, with battery-grade lithium carbonate from its Ogden, Utah, lithium brine development project.
  • “We look forward to building an alliance that will support Ford’s electric vehicle strategy by providing a reliable, domestic lithium supply.”
    Under the agreement, Compass Minerals will deliver up to 40% of its planned, phase-one battery-grade lithium carbonate to Ford for a five-year term once production begins.
  • As previously announced, the company expects an annual commercial production capacity of approximately 35 kMT lithium carbonate equivalent (LCE) once fully operational, with an initial phase-one capacity of approximately 11 kMT battery-grade lithium carbonate coming online in 2025.
  • Lithium will be the fourth essential mineral produced from the same unit of brine, bringing additional efficiencies to the operation and value to all stakeholders, including the State of Utah.

Compass Minerals Reports Fiscal 2023 Second-Quarter Results

Retrieved on: 
Tuesday, May 9, 2023

All amounts in this press release represent results from continuing operations, except for amounts pertaining to the fiscal 2022 condensed consolidated statements of cash flows which include results from discontinued operations, unless otherwise noted.

Key Points: 
  • All amounts in this press release represent results from continuing operations, except for amounts pertaining to the fiscal 2022 condensed consolidated statements of cash flows which include results from discontinued operations, unless otherwise noted.
  • In the second quarter, Compass Minerals continued to progress on all milestones with its lithium project on the Great Salt Lake.
  • The significant items affecting year-to-date results include the $252 million gross ($240.7 million, net of fees) strategic equity investment by Koch Minerals & Trading (KM&T), partially offset by debt reduction of $123.1 million.
  • The company has provided updated commentary regarding its fiscal 2023 financial outlook.

Compass Minerals Signs Binding Multiyear Agreement to Supply LG Energy Solution with Battery-Grade Lithium Carbonate

Retrieved on: 
Thursday, November 10, 2022

Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, today announced the signing of a binding, multiyear supply agreement to provide LG Energy Solution (LGES; KRX: 373220), a leading global manufacturer of lithium-ion batteries for electric vehicles and energy storage systems, with battery-grade lithium carbonate from its Ogden, Utah solar evaporation lithium brine development.

Key Points: 
  • Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, today announced the signing of a binding, multiyear supply agreement to provide LG Energy Solution (LGES; KRX: 373220), a leading global manufacturer of lithium-ion batteries for electric vehicles and energy storage systems, with battery-grade lithium carbonate from its Ogden, Utah solar evaporation lithium brine development.
  • Per the terms of the agreement, Compass Minerals would deliver up to 40% of its planned, phase-one battery-grade lithium carbonate production to LGES for an initial 6-year term from supply commencement.
  • This binding supply agreement represents an important milestone for our companys entry into a rapidly growing domestic lithium market, said Chris Yandell, head of lithium for Compass Minerals.
  • The supply agreement is subject to the successful start of commercial-scale, lithium carbonate production at Compass Minerals Ogden facility and full product qualification.

Compass Minerals Announces Selection of Direct Lithium Extraction (DLE) Technology Provider, Attractive Economics and Positive Sustainability Profile for First Phase of Lithium Project

Retrieved on: 
Wednesday, September 14, 2022

EnergySource Minerals is a privately held company enabling customers to undergo lithium extraction with low-cost, low-carbon, safe and efficient operations.

Key Points: 
  • EnergySource Minerals is a privately held company enabling customers to undergo lithium extraction with low-cost, low-carbon, safe and efficient operations.
  • Compass Minerals believes it remains on track to enter the market with a cost-competitive, battery-grade lithium product by 2025.
  • Compass Minerals also filed today the Updated Compass Minerals Lithium TRS with the Securities and Exchange Commission (SEC).
  • For example, the process technology for commercial extraction of lithium from brines with low lithium and high impurity (primarily magnesium) is still developing.

Redfin Reports More People Are Moving in Than Out Places Experiencing Intense Drought

Retrieved on: 
Wednesday, August 31, 2022

In 34 of the 129 metros (26%) Redfin analyzed, more than 50% of homes experienced intense drought in mid-August.

Key Points: 
  • In 34 of the 129 metros (26%) Redfin analyzed, more than 50% of homes experienced intense drought in mid-August.
  • Only 23 of the 99 metros (23%) Redfin has 2021 data for had more than 50% of homes experiencing intense drought in mid-August 2021.
  • Drought may also not be scaring people off to the same extent as fires or flooding, which can physically decimate homes.
  • An estimated $17 trillion worth of homes (roughly 25 million properties) in the metros Redfin analyzed experienced intense drought in mid-August 2022, up 42% from $12 trillion (14 million properties) a year earlier.

Air Purifier Experts Provide Guidance For Battling Toxic Dust and Poor Air Quality in Drought Prone Areas

Retrieved on: 
Tuesday, August 23, 2022

People must arm themselves with air purifiers that have Ture HEPA H13 filters to greatly reduce and eliminate volatile particulate matter in the air they breathe.

Key Points: 
  • People must arm themselves with air purifiers that have Ture HEPA H13 filters to greatly reduce and eliminate volatile particulate matter in the air they breathe.
  • To date, Alen air purifiers are present in over 70,000 classrooms, 200,000 homes and over 1,200 businesses across the nation.
  • Alens AQMs provide a unique approach to smarter digital air care and pair with its Alen Air app .
  • Customers can now control and monitor its BreatheSmart air purifiers on its free Alen Air mobile app on IOS and Android devices.