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.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.