Mosaic to Divest New Mexico Potash Operations in $30M Deal

Core Insights - The Mosaic Company (MOS) has agreed to sell its Mosaic Potash Carlsbad, Inc. for a total of $30 million, which includes the potash mine operations and related assets in Carlsbad, New Mexico [1][8] Transaction Details - The agreement stipulates an initial cash payment of $20 million at closing, with an additional $10 million in deferred cash to be paid in three equal annual installments starting in 2029 [2][8] - International Minerals Carlsbad will assume the asset retirement obligations linked to the Carlsbad operations, along with the transfer of Mosaic's potash and water operations in New Mexico and associated intellectual property, including the K-Mag and Dynamate brands [3] Strategic Implications - The transaction is expected to close in the first half of 2026, pending regulatory approvals and closing conditions, and Mosaic anticipates a non-cash impairment charge in Q4 2025 related to this divestiture [4] - This sale aligns with Mosaic's strategy to streamline its asset base and focus on higher-return potash production in Saskatchewan, Canada, which will become its sole potash production region following the exit from Carlsbad [5] Market Performance - Shares of MOS have decreased by 31.6% over the past six months, compared to an 11.5% decline in the industry [5]