Intrepid Announces Successful Completion Of Phase One And Provides Update On Phase Two Of The HB Injection Pipeline Project; Capital Spending For Phase One Totaled ~$16M
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Intrepid Potash (NYSE:IPI) announced the successful completion of Phase One of its HB Injection Pipeline Project, with capital spending totaling $16 million. Phase Two is expected to begin construction by the end of the year, with commissioning in Q1 2024.
June 21, 2023 | 8:16 pm
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Intrepid Potash completed Phase One of its HB Injection Pipeline Project, with capital spending of $16 million. Phase Two construction is expected to begin by the end of the year, with commissioning in Q1 2024.
The successful completion of Phase One of the HB Injection Pipeline Project is a positive development for Intrepid Potash, as it aims to increase annual potash production and improve unit economics. The commencement of Phase Two construction by the end of the year and commissioning in Q1 2024 will further enhance the company's operations and efficiency, potentially leading to a positive short-term impact on the stock price.
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