Intrepid Potash completes Eddy Shaft Brine Extraction Project in new Mexico

Intrepid Potash announced the successful completion of the Eddy Shaft Brine Extraction Project at its HB solar solution mine, or HB, in Carlsbad, New Mexico after an eight-month permitting process. The project provides access to a high-grade brine pool in the Eddy Cavern that was originally targeted by the IP30A extraction well, which failed and was plugged and abandoned in the fourth quarter of 2022. The company expects the production contribution from the project to begin in the second half of 2024 and carry into 2025, with this brine source and extraction point becoming a consistent, longer-term contributor to our production as we continue brine injection over time. The Project’s brine pool is currently being extracted at a rate of approximately 750 gallons per minute and we expect the 270-million-gallon brine pool to be pumped into our ponds by the start of the 2024 summer evaporation season.