Nicole Greenberg

Nicole Greenberg (UBS) inquired about current potash demand dynamics, the first-quarter order book status, and any evidence of demand destruction due to affordability issues. She also asked about the expected unit economics and cash cost of production for the lithium project, and the outlook for oil field sales in 2025 and beyond.

Answer

Zachary Adams, VP of Sales and Marketing, stated that Intrepid Potash is almost fully committed for Q1 potash, observing no significant demand destruction as potash remains a good value for growers, anticipating stable spring demand amid strong corn acreage. CEO Kevin Crutchfield declined to provide unit economics or cash cost for the lithium project at this stage, promising updates as engineering progresses. Regarding oil field sales, Mr. Crutchfield indicated the company's intent to transact on the South Ranch asset, making further speculation on its future outlook irrelevant.