Intrepid Announces Achievement of Milestone in Development of the HB Solar Solution Mine

Intrepid Potash, Inc. (NYSE:IPI), announced that the New Mexico Environmental Department (NMED) has issued a ground water discharge permit for Intrepid`s HB Solar Solution Mine near Carlsbad, New Mexico.

The press release is quoted as saying:

To develop and produce potash from the HB Solar Solution Mine, Intrepid intends to inject salt saturated brine into the previously mined underground works of its HB Mine to preferentially dissolve the remaining potash into a solution. The potassium rich brine will be pumped from the underground mine works into solar evaporation ponds where the potash will precipitate out of the solution and then be processed at a new flotation plant adjacent to Intrepid`s West plant in Carlsbad, New Mexico.

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