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Intrepid Potash ( (IPI) ) has provided an update.
Intrepid Potash announced the appointment of Gonzalo Avendano as an independent director, effective January 14, 2025, expanding the board from seven to eight members. Avendano, with over 30 years in finance and wealth management, is expected to bring valuable insights into capital markets and business strategy. He joins various board committees and will receive compensation for his partial service term. The company also entered a cooperation agreement with Clearway Capital Management LLC, where Avendano is an investment advisor, to avoid proxy contests and adhere to voting commitments until the 2027 stockholders meeting. This move highlights Intrepid’s efforts to enhance governance and align with shareholder interests.
More about Intrepid Potash
Intrepid Potash, Inc. is a diversified mineral company that delivers essential products like potassium, magnesium, sulfur, salt, and water. These products are vital for agriculture, animal feed, and the oil and gas industry. Intrepid is the only U.S. producer of muriate of potash, used as a nutrient for crop development, in industrial applications, and as an animal feed ingredient. The company also produces Trio®, a specialty fertilizer with potassium, magnesium, and sulfate, and provides water, magnesium chloride, brine, and oilfield services. Intrepid operates solar solution potash facilities and a conventional underground Trio® mine, focusing on environmentally friendly production.
YTD Price Performance: 24.84%
Average Trading Volume: 107,510
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $356.6M
Learn more about IPI stock on TipRanks’ Stock Analysis page.
