Currently, the US imports approximately 96% of the potash necessary for healthy crops – including 1 million short tpy from Russia as per the Department of Interior. Together, Russia and Belarus control 40% of the world's potash supply.
"In the face of the Russian invasion of Ukraine, the United States must recognize its dependency on Russian and Belarusian potash, which is a critical fertilizer with no known substitutes," said Ted Pagano, founder and CEO of MPSC. "Without potash we can't feed the world."
MPSC is developing a facility to harvest potash and food-grade salt near Evart, Michigan. The company is currently in advanced stages of capital raising with all permits in hand while developing the necessary infrastructure for extraction. Full production of domestic potash from the facility is expected for 2025.