Compass Minerals International

Compass Minerals is a leading essential minerals company producing salt, plant nutrition products, and fire retardant chemicals. Compass Minerals operates salt mines and solar evaporation ponds located in the Great Salt Lake region of Utah and the U.K., as well as a specialty plant nutrition facility in Utah.

The company produces highway deicing salt, consumer and industrial salt, and specialty fertilizers targeting high-value crops. Compass Minerals fully owns fire retardant producer Fortress North America, which provides products and services for wildfire response. The company has a portfolio of long-life mineral assets and estimates over 80 years of salt reserves.

In fiscal 2023, Compass Minerals generated over $1 billion in revenue, and improved adjusted EBITDA to 7% year over year compared to 2022. The company produced 11.3 million tons of salt and 219,000 tons of specialty plant nutrients last fiscal year.

Compass Minerals is advancing evaluation of lithium brine resources located in the Great Salt Lake. The company is seeking a partner to reduce capital and execution risk if the lithium project advances from the evaluation stage and to gain further regulatory clarity in Utah towards management of lithium extraction.