Intrepid Congratulates East Plant Employees on Record Monthly Domestic Sales Volumes in April
June 01 2020 - 7:00AM
Intrepid Potash Inc. (NYSE:IPI) (“Intrepid”) which is proud it has
been recognized as an essential business by the New Mexico
Governor, today announced it safely sold a record volume of Trio®
to domestic customers during April.
“Most importantly, our team accomplished this work safely and
under mandated COVID-19 safety guidelines and procedures, including
social distancing.” said Mark McDonald Intrepid’s Vice President of
Sales. “With cooperative weather for most of the spring, we saw
customers move their purchases into earlier in the season and our
team was up to the challenge. Achieving a record month takes daily
cooperation and communication across all lines of our business, and
we want to thank our customers, the transportation industry,
production and loadout staff, and our sales and marketing team for
their hard work and dedication to following the COVID-19 safety
guidelines during this pandemic. We are grateful and fortunate to
be able to keep our workforce employed during this uncertain
time.”
“As the spring season slows down significantly in May and June,
we are reminded of the value our customers place on this specialty
fertilizer and we are proud to serve the American farmer working so
hard through the COVID-19 pandemic to keep the agricultural food
chain alive and well and feeding Americans.”
About Intrepid:
Intrepid is a diversified mineral company that delivers
potassium, magnesium, sulfur, salt, and water products essential
for customer success in agriculture, animal feed, and the oil and
gas industry. Intrepid is the only U.S. producer of
muriate of potash, which is applied as an essential nutrient for
healthy crop development, utilized in several industrial
applications, and used as an ingredient in animal feed. In
addition, Intrepid produces a specialty fertilizer, Trio®, which
delivers three key nutrients, potassium, magnesium, and sulfate, in
a single particle. Intrepid also provides water, magnesium
chloride, brine, and various oilfield products and
services.Intrepid serves diverse customers in markets where a
logistical advantage exists and is a leader in the use of solar
evaporation for potash production, resulting in lower cost and more
environmentally friendly production. Intrepid's mineral production
comes from three solar solution potash facilities and one
conventional underground Trio® mine.
Intrepid routinely posts important information, including
information about upcoming investor presentations and press
releases, on its website under the Investor Relations tab.
Investors and other interested parties are encouraged to enroll
at intrepidpotash.com, to receive automatic email alerts for
new postings.
Forward-Looking Statements This press release
includes certain statements concerning expectations for the future
that are forward-looking within the meaning of the federal
securities laws. Forward-looking statements contain known and
unknown risks and uncertainties (many of which are difficult to
predict and beyond management's control) that may cause Intrepid’s
actual results in future periods to differ materially from
anticipated or projected results. Forward-looking statements in
this press release include, among others, statements regarding
Intrepid’s expectations of future Trio® sales volume. An extensive
list of specific material risks and uncertainties affecting
Intrepid is contained in its Annual Report on Form 10-K for the
year ended December 31, 2019, and other quarterly and current
reports filed with the Securities and Exchange Commission from time
to time. Any forward-looking statements in this press release are
made as of the date of this press release, and Intrepid undertakes
no obligation to update or revise any forward-looking statements to
reflect
Contact: Matt Preston, Vice President of
FinancePhone: 303-996-3048
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