January 17 2025
Company News

LPO Announces Conditional Commitment to Michigan Potash to Produce Fertilizer for U.S. Farmers

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.

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March 19 2024
In the Media

Senate bill adds phosphate and potash to Critical Minerals list

The Fertilizer Institute has praised the US Senate for introducing bipartisan legislation to include phosphate and potash on the final list of critical minerals of the Department of the Interior. Introduced by Senators Sherrod Brown (D-OH), Thom Tills (R-NC), Tammy Baldwin (D-WI), Roger Marshall (R-KS), Pete Ricketts (R-NE), and Rick Scott (R-FL), the legislation will recognise the importance of ensuring a strong and sustainable domestic fertilizer supply for American farmers.

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January 19 2023
In the Media

New potash mining facility: Creating an economic impact on Evart and surrounding region

Evart Township is one step closer to being home to a brand-new potash (potassium chloride) and salt production plant and processing facility. The Michigan Strategic Fund approved a $225 million bond for the Michigan Potash Company LLC in September 2022. While the idea has been in talks for over 10 years, the conversation on the plans of the Osceola and Mecosta counties facility continues.

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September 27 2022
In the Media

Michigan Potash and Salt Company granted approval of $225 Million in tax-exempt Michigan State Bonds

LANSING, MI – The Michigan Potash and Salt Company took a step Tuesday toward seeking a $225 million tax-exempt bond for construction of its $1.2 billion salt and potash mine in northern Michigan. The Michigan Economic Development Corporation granted the Denver-based company approval for an “inducement resolution” during its Sept. 27 board meeting. This makes private activity bonds issued by a financial institution tax-exempt through the state.

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September 21 2022
Company News

Michigan Potash & Salt Company and Barton Malow Company sign EPC Contract Agreement

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.

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