Category: Company News

EVART, Mich.–(BUSINESS WIRE)–Michigan Potash Chief Development Officer Cory Christofferson issued the following statement in response to President Trump’s Executive Order on critical minerals: “In his executive order, Immediate Measures to Increase American Mineral Production, President Trump rightly acknowledges our country’s imperative need to accelerate domestic critical mineral production. America’s national and economic security are threatened by our reliance upon foreign countries for numerous critical minerals, including potash fertilizer. And we agree with the President that it is imperative for the U.S. to take immediate action to accelerate domestic critical mineral production.

EVART, Mich.–(BUSINESS WIRE)–The Michigan Potash & Salt Co. (Michigan Salt) today announced the launch of its new salt business, which will produce 1 million tons of food-quality salt, strategically located within a high-demand area the United States.

EVART, Mich. — A technologically advanced and energy efficient potash and salt production facility more than a decade in the making got a critical boost through a conditional commitment for a loan guarantee of up to $1.26 billion from the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO). The facility will create good paying jobs and improve U.S. food security by reducing America’s near-total dependence on foreign countries for a critical mineral.

The U.S. Department of Energy’s Loan Programs Office (LPO) announced today a conditional commitment for a loan guarantee of up to $1.26 billion ($1.12 billion in principal and $141 million in capitalized interest) to Michigan Potash Company, LLC (Michigan Potash). The loan guarantee will help finance the construction of a potash solution mine and processing plant in Osceola County, Michigan, to produce approximately 800,000 tons per year of fertilizer-grade muriate of potash and about 1 million tons per year of salt.

EVART, Mich., March 5, 2019 /PRNewswire/ — Michigan Potash & Salt Company, LLC (“Michigan Potash & Salt Company, LLC” or the “Company”) (MPSC) and Barton Malow Company, the largest general contractor in Michigan, (Barton Malow or BMC) are pleased to announce that they have materially completed a definitive agreement for the Engineering, Procurement, and Construction of the Michigan Potash and Salt facility in Western Rural Michigan.