IPI & Partners Progress to Jointly Develop Lithium Project in Utah

Core Insights - Intrepid Potash, Inc. (IPI), Aquatech International, and Adionics have successfully completed tests to produce battery-grade lithium carbonate from byproduct brine at their Wendover, UT facility, achieving a lithium extraction rate of 92.9% and lithium chloride purity above 99.5% [1][2][8] Group 1: Project Development - The successful test results demonstrate the viability of converting brine to battery-grade lithium carbonate, which aligns with the U.S. focus on increasing production of critical minerals [2][3] - Following the successful testing, the companies will advance under the existing Joint Development Agreement, which includes feasibility studies and engineering for a proposed 5,000-metric-ton lithium extraction facility, with a target for a final investment decision in 2026 [4][8] Group 2: Strategic Advantages - The project will leverage Intrepid's existing infrastructure in Wendover, Aquatech's expertise in facility design and operation, and Adionics' direct lithium extraction technology to convert post-process brine to lithium carbonate [5] Group 3: Market Performance - IPI's stock has increased by 15.9% over the past year, significantly outperforming the industry average growth of 1% [5]