Intrepid Potash Advances Lithium Extraction Project with 92.9% Yield
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 05 2026
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Should l Buy IPI?
Source: Newsfilter
- Lithium Extraction Breakthrough: Intrepid, in collaboration with Aquatech and Adionics, achieved a lithium extraction rate of 92.9% during testing at its Wendover, Utah facility, with lithium chloride purity exceeding 99.5%, indicating a significant step towards entering the lithium battery market and enhancing competitive positioning.
- Project Progress: Under the Joint Development Agreement, the parties aim to complete feasibility studies and detailed engineering for a 5,000 metric tonne lithium extraction facility by 2026, leveraging existing infrastructure to minimize capital exposure and expedite project advancement.
- Technological Edge: Adionics' liquid-liquid direct lithium extraction technology demonstrated high efficiency in recovering lithium from complex brine during tests, positioning Intrepid favorably in domestic lithium production to meet rising market demand.
- Strategic Collaboration: The partnership between Intrepid, Aquatech, and Adionics not only enhances lithium extraction efficiency but also establishes a foundation for the U.S. to lead in critical mineral production, reflecting the company's commitment to sustainability and resource utilization.
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Analyst Views on IPI
Wall Street analysts forecast IPI stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for IPI is 24.00 USD with a low forecast of 24.00 USD and a high forecast of 24.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
0 Buy
0 Hold
2 Sell
Moderate Sell
Current: 31.690
Low
24.00
Averages
24.00
High
24.00
Current: 31.690
Low
24.00
Averages
24.00
High
24.00
About IPI
Intrepid Potash, Inc. is a diversified mineral company that delivers potassium, magnesium, sulfur, salt, and water products to customers in the agriculture, animal feed and the oil and gas industries. The Company's segments include potash, Trio, and oilfield solutions. Its three primary products are potash, Trio, and water. It also sells salt, magnesium chloride, metal recovery salts, brines, and water that are derived as part of its mining processes. It sells potash in three primary markets: the agricultural market as a fertilizer input, the animal feed market as a nutrient supplement, and the industrial market as a component in drilling and fracturing fluids for oil and gas wells and an input to other industrial processes. Trio is a specialty fertilizer that delivers potassium, sulfur, and magnesium in a single particle. It sells water for industrial use in the oil and gas services industry. Its other oilfield related offerings include caliche, right-of-way agreements, and others.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Successful Lithium Extraction: Intrepid, in collaboration with Aquatech and Adionics, has successfully completed tests to extract battery-grade lithium carbonate in Wendover, Utah, achieving a lithium extraction rate of 92.9%, which will significantly advance the development of lithium resources in the U.S. to meet the growing battery market demand.
- High-Purity Product: The test results indicate that the produced lithium chloride has a purity exceeding 99.5%, not only meeting key specifications for battery manufacturing but also establishing a strong foundation for Intrepid's competitiveness in the lithium market, which is expected to enhance the company's overall profit margins.
- Joint Development Agreement: Under the Joint Development Agreement, the three parties plan to complete feasibility studies for a 5,000 metric tonne lithium extraction facility by 2026, leveraging Intrepid's existing infrastructure to accelerate project design and development, which is anticipated to expedite the localization of lithium production in the U.S.
- Technological Advantage: Adionics' liquid-liquid direct lithium extraction technology is expected to efficiently recover lithium from complex brine, and combined with Aquatech's expertise, it is projected to produce lithium at an attractive marginal cost, further enhancing Intrepid's market position in critical minerals.
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- Lithium Extraction Breakthrough: Intrepid, in collaboration with Aquatech and Adionics, successfully achieved a lithium extraction rate of 92.9% and produced battery-grade lithium carbonate with over 99.5% purity at its Wendover facility, marking a significant advancement in lithium resource development.
- Project Advancement Plan: Under the Joint Development Agreement, the parties aim to complete feasibility studies for a 5,000 metric tonne lithium extraction facility by 2026, leveraging Intrepid's existing infrastructure to drive project design and development.
- Market Competitive Advantage: Intrepid's existing potash production site provides a unique resource advantage for lithium extraction, and combined with Aquatech's expertise, is expected to produce lithium at competitive costs to meet domestic market demands.
- Technological Innovation Collaboration: Adionics' liquid-liquid direct lithium extraction technology has shown promising results in preliminary tests, likely enabling efficient lithium recovery from complex brines, further enhancing Intrepid's strategic position in the lithium market.
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- Successful Lithium Extraction: Intrepid, in collaboration with Aquatech and Adionics, successfully extracted battery-grade lithium carbonate in Wendover, Utah, achieving a lithium extraction rate of 92.9% and purity exceeding 99.5%, laying the groundwork for a future lithium processing facility.
- Significant Project Progress: Under the Joint Development Agreement, the parties will conduct feasibility studies for a 5,000 metric tonne lithium extraction facility, aiming for a final investment decision by 2026, reflecting strong confidence in the lithium market.
- Clear Technological Advantage: Adionics' liquid-liquid direct lithium extraction technology efficiently recovers lithium from complex brine, with expectations to produce lithium at competitive marginal costs, positioning the U.S. at the forefront of critical mineral production.
- Infrastructure Utilization: Intrepid plans to leverage existing infrastructure at its Wendover facility, combined with Aquatech's design and operational expertise, to advance the construction and operation of the lithium project, further enhancing the company's competitiveness in the mineral sector.
See More
- Lithium Extraction Breakthrough: Intrepid, in collaboration with Aquatech and Adionics, achieved a lithium extraction rate of 92.9% during testing at its Wendover, Utah facility, with lithium chloride purity exceeding 99.5%, indicating a significant step towards entering the lithium battery market and enhancing competitive positioning.
- Project Progress: Under the Joint Development Agreement, the parties aim to complete feasibility studies and detailed engineering for a 5,000 metric tonne lithium extraction facility by 2026, leveraging existing infrastructure to minimize capital exposure and expedite project advancement.
- Technological Edge: Adionics' liquid-liquid direct lithium extraction technology demonstrated high efficiency in recovering lithium from complex brine during tests, positioning Intrepid favorably in domestic lithium production to meet rising market demand.
- Strategic Collaboration: The partnership between Intrepid, Aquatech, and Adionics not only enhances lithium extraction efficiency but also establishes a foundation for the U.S. to lead in critical mineral production, reflecting the company's commitment to sustainability and resource utilization.
See More
- FDA Approval: Novo Nordisk's GLP-1 drug Wegovy received FDA approval, marking the first of its kind globally, which signifies a major breakthrough for the company in the weight loss medication market and is expected to drive sales growth and enhance competitive positioning.
- Stock Surge: Following the approval news, Novo Nordisk's shares rose 8.6% to $52.26, reflecting strong investor confidence in the potential market demand for the new drug, which may enhance the company's market capitalization and investment appeal.
- Market Reaction: Other related companies like WW International and Lifezone Metals also saw gains due to positive market sentiment, with WW International's stock jumping 14.4%, indicating increased investor interest in health and weight loss-related products, potentially boosting overall industry growth.
- Industry Impact: Novo Nordisk's successful approval may prompt other pharmaceutical companies to accelerate the development of similar products, thereby driving competition in the GLP-1 market and fostering innovation and market expansion.
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