What Intrepid Potash does

Intrepid Potash, Inc. is a U.S.-based diversified mineral company founded in January 2000 and headquartered in Denver, Colorado, that produces potassium, magnesium, sulfur, salt, and water products serving the agricultural, animal feed, and industrial markets. The company operates three solar evaporation facilities in Carlsbad, New Mexico and Moab and Wendover, Utah, plus an underground langbeinite mine in Carlsbad, with the Carlsbad complex alone producing approximately 900,000 tons annually and over 75% of America's potash. Intrepid is the only domestic producer of muriate of potash (MOP) in the United States, supplying approximately 3.5% of U.S. annual MOP consumption, and the only U.S. producer dedicated solely to potash and sulfate of potash magnesia fertilizers.

The company's core product lines include Muriate of Potash (60% K2O, granular and standard grades), Intrepid Trio — a langbeinite-based sulfate of potash magnesia providing potassium, magnesium, and sulfur in a single granule and sold under a registered trademark — solar-evaporated salt (fine, medium, coarse grades), and magnesium chloride fluids for oil and gas drilling, de-icing, and dust control. The Carlsbad mine sits on one of the world's largest known reserves of langbeinite, a mineral found in only a few places globally, and Trio is OMRI Listed for organic farming and Safe Feed/Safe Food certified. Solar evaporation production is described by the company as one of the safest, lowest-cost, most environmentally friendly production methods, with operations achieving 90% water recycling.

Intrepid distributes products directly through truck, rail, packaged (50-lb bags and 2,000-lb totes), and facility pickup, supported by regional account managers covering the Northwest, Southern Plains, East, and Specialty/Feed markets. The company is publicly traded on the NYSE under ticker IPI (with firmographic labels contradicting this as private — a data quality issue to flag). Beyond its core fertilizer and salt business, Intrepid is developing the Wendover Lithium Project through joint development agreements with Aquatech International and Adionics, targeting 5,000 metric tonnes per year of battery-grade lithium carbonate production from potash brine byproducts using Direct Lithium Extraction technology, with demonstration testing achieving 92.9% extraction rate and over 99.5% lithium chloride purity.

Name

Intrepid Potash

Legal name

Intrepid Potash, Inc.

Website

https://intrepidpotash.com

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

251–500 employees

Short description

Intrepid Potash is a U.S.-based producer of potash, langbeinite (Trio), salt, and magnesium chloride fluids serving agriculture, animal feed, and industrial markets, operating solar evaporation and underground mines in New Mexico and Utah.

Ownership category

akta.pro rank

Product category

Potash and Specialty Fertilizers

NAICS

Nitrogenous Fertilizer Manufacturing (325311), Phosphatic Fertilizer Manufacturing (325312)

akta.pro primary industry

Potash Mining (IMAKAGAB)

akta.pro secondary industries

Potash Fertilizers (MOP/KCl, SOP/K2SO4, Potassium Nitrate) (AFABABAC), Specialty Potassium Products (SOP, Low-Chloride K, K-Thiosulfate) (AFABACAI), Industrial Minerals Trading (Phosphate, Potash, Sulfur, Borates, Barite, Talc) (IMAKAJAF)

Keywords

• Potash fertilizers
• Mineral extraction products
• Langbeinite fertilizers
• Agricultural mineral products
• Solar evaporation mining

Headquarters

HQ city

Albuquerque

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Potash Sales: Sale of muriate of potash (MOP) products - the only producer in the United States dedicated solely to potash and sulfate of potash magnesia fertilizers. Supplies approximately 3.5% of U.S. annual MOP consumption.
2. Trio (Langbeinite) Sales: Record Trio segment sales of $144.5 million in FY 2025. Trio is sulfate of potash magnesia - a unique mineral with potassium, magnesium and sulfur. Used for agriculture, animal feed, and organic farming.
3. Salt Sales: Sale of solar salt products in various grades for animal feed, de-icing, oil & gas drilling, water softening, hide processing and chlor-alkali production.
4. Fluids Sales: Sale of magnesium chloride brine and drilling fluids for oil & gas exploration, de-icing and dust control industries.
5. Lithium Production (Developing): Planned lithium carbonate production from byproduct brine at Wendover facility through White Silver Lithium Project partnership with Aquatech and Adionics. Target capacity 5,000 metric tonnes per year.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Intrepid Potash extracts and sells potash (muriate of potash, or MOP), Trio (sulfate of potash magnesia, a langbeinite-based fertilizer providing potassium, magnesium, and sulfur), solar-evaporated salt, and magnesium chloride brines. Products serve agricultural, animal feed, and industrial/oil-and-gas customers in the United States and are produced from three solar evaporation mines and one underground mine in New Mexico and Utah.

Product overview

Intrepid Potash operates as a diversified mineral company offering a portfolio of potassium, magnesium, sulfur, and salt products primarily for agriculture, animal feed, and industrial applications. The core product lines include Trio (sulfate of potash magnesia), Muriate of Potash (MOP), Salt, and Fluids, each available in multiple grades from different production facilities in Utah and New Mexico. The company is also developing a lithium extraction project as a diversification initiative, targeting battery-grade lithium production from brine byproducts.

Differentiator

Problem solved

Functional benefit

Brands

• Trio: 100% natural langbeinite fertilizer providing potassium, magnesium, and sulfur - sold as sulfate of potash magnesia
• Intrepid Potash
• Intrepid Salt
• Intrepid Fluids

Products and services

• Intrepid Trio (Sulfate of Potash Magnesia) 100% natural langbeinite-based fertilizer providing three essential nutrients (potassium, magnesium, and sulfur) in every granule. Certified Safe Feed/Safe Food and OMRI-listed for organic farming. Sold to agricultural, animal feed, and organic farming customers.
• Muriate of Potash (MOP) Potassium chloride fertilizer (MOP) produced via solar evaporation. Only domestic producer of MOP in the United States, supplying approximately 3.5% of annual U.S. MOP consumption. Available in Granular and Standard grades for agricultural and industrial use.
• Intrepid Salt Solar-evaporated salt available in Fine, Medium, and Coarse grades with various moisture levels. Used for animal feed, de-icing, oil and gas drilling, water softening, hide processing, and chlor-alkali production.
• Intrepid Fluids Industrial brines including Magnesium Chloride Brine (Wendover) and 10 LB Brine with K-Control (Carlsbad), plus 10.5 LB Magnesium Brine for drilling through salt formations. Used for de-icing, dust control, oil and gas drilling operations, and chemical processing.

Quantifiable outcome

• Record Trio sales volumes of 303,000 tons in FY 2025
• +4 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered minor and core.

• HydroSource LogisticsminorStrategic or Co-development Partner · 2 April 2026Purchased majority of Intrepid's South Ranch assets for $70 million including land, water rights, and other assets. Sale enables Intrepid to focus on core operations like potash and Trio production.
• Aquatech InternationalcoreTechnology or Integration · 5 January 2026Joint Development Agreement to develop Wendover Lithium Project. Aquatech provides processing expertise for battery-grade lithium carbonate production from byproduct brine. Achieved 92.9% lithium extraction rate in demonstration testing. Project targeting 5,000 metric tonnes annual capacity with FID planned for 2026.
• AdionicscoreTechnology or Integration · 5 January 2026Joint Development Agreement for Wendover Lithium Project. Adionics provides Direct Lithium Extraction (DLE) technology. Testing achieved >99.5% lithium chloride purity. Combined with Aquatech's processing expertise for complete lithium production solution.

Scale indicators18 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• The Mosaic Company: One of the world's largest crop nutrition companies with a $3B+ Potash segment (where Intrepid's incoming CFO previously led finance). Mosaic produces MOP and phosphate fertilizers globally, overlapping directly with Intrepid's potash and Trio franchises at much larger scale.
• Nutrien Ltd. World's largest potash producer and a major North American fertilizer distributor. Nutrien is the principal global competitor setting MOP benchmark prices that Intrepid, as a 3.5% U.S. share price-taker, must follow.
• ICL Group: Israeli specialty fertilizers and minerals company producing potash, SOP, and specialty plant nutrition products. ICL competes with Intrepid in specialty potassium fertilizers, including low-chloride and organic-eligible formulations.
• SQM (Sociedad Química y Minera de Chile): Global specialty plant nutrition and lithium producer. SQM overlaps with Intrepid in specialty potassium (SOP) fertilizers and is a relevant comparable for Intrepid's emerging lithium-from-brine business at Wendover.
• Albemarle Corporation: World's largest lithium producer with significant specialty chemicals operations. Albemarle provides a benchmark for lithium-battery-exposed valuation and represents the kind of incumbent Intrepid's lithium project would eventually compete with for offtake and capital.
• Yara International: Global crop nutrition leader with broad fertilizer and specialty product portfolios. Yara competes with Intrepid across agricultural nutrients and is a relevant comparable for downstream customer relationships and end-market dynamics.

Direct peers

• K+S Aktiengesellschaft: European potash and salt producer with comparable SOP/MOP and salt product lines. K+S is a direct international competitor in potash and salt end-markets that Intrepid also serves (agriculture, de-icing, industrial).
• Compass Minerals International: U.S.-based producer of salt, sulfate of potash (SOP), and magnesium chloride de-icing products. Compass Minerals' SOP and de-icing salt portfolios overlap directly with Intrepid's Trio, salt and Intrepid Fluids product lines.

Emerging players

• Standard Lithium: Pure-play Direct Lithium Extraction developer targeting battery-grade lithium from brines. Standard Lithium is a comparable for Intrepid's Wendover DLE project and provides a public-market read on DLE economics and execution.
• Gensource Potash Corporation: Small-cap potash developer using selective solution mining. Gensource is a peer in the broader potash mining space and a relevant small-cap comparable to Intrepid's focused potash strategy.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/intrepidpotash
• Facebookfacebook.com/essentialmineralsforsuccess
• LinkedInlinkedin.com/company/intrepid-potash

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Intrepid Potash