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Michigan Potash & Salt Co. signs 100% offtake agreement

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World Fertilizer,

Michigan Potash & Salt CO., LLC (MPSC) has announced the execution of an offtake agreement with an unnamed US-based agricultural company to take and distribute 100% of its first phase potash fertilizer production.

Under the agreement, MPSC and the company will provide US farmers with 650 000 tpy of ultra-high grade, white potash fertilizer helping to strengthen domestic food security.

MPSC is in the final stages of financing for the construction and operation of the US Potash Project near Evart, Michigan.

"By partnering with an agricultural industry leader, Michigan Potash will help satisfy farmer requirements for potash as world supplies are unaffordable or utterly unavailable," said Ted Pagano, founder and CEO of Michigan Potash. "Together, we will create a new, complementary production, logistical, and sales powerhouse by supplying Michigan White Potash to the American farmer."

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. At full buildout, MPSC's project stands ready to replace one-to-one Russian imports of potash with domestic production from Michigan.

"With foreign potash supply dramatically impacted by war, sanctions, tariffs, rail, and production challenges, MPSC represents a new, reliable, domestic source for U.S. producers," said Ward Forquer, Vice President of Potash Markets.

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