Welcome to our dedicated page for Compass Minerals Intl news (Ticker: CMP), a resource for investors and traders seeking the latest updates and insights on Compass Minerals Intl stock.
Compass Minerals Intl Inc. (NYSE: CMP) delivers essential mineral solutions for public safety, agriculture, and industrial markets worldwide. This news hub provides investors and stakeholders with direct access to the company's official communications and market developments.
Track critical updates including quarterly earnings reports, production facility expansions, and sustainability initiatives. Our curated collection features announcements on deicing salt supply contracts, specialty fertilizer innovations, and operational efficiency improvements across North American and UK facilities.
Key focus areas include winter weather preparedness programs, agricultural productivity enhancements through sulfate of potash solutions, and strategic partnerships in mineral distribution. Users will find timely updates on Great Salt Lake operations, rock salt mining activities, and safety-related product developments.
Bookmark this page for verified information about Compass Minerals' market position, environmental stewardship efforts, and responses to industry trends. Check regularly for new filings, leadership updates, and analyses of demand drivers in essential minerals markets.
Cohen Milstein Sellers & Toll PLLC is investigating Compass Minerals International (NYSE:CMP) due to a class action lawsuit regarding alleged violations of federal securities law. Investors who suffered losses from shares acquired between October 31, 2017, and November 18, 2018, can contact Cohen Milstein before the December 20, 2022, deadline. The lawsuit claims that Compass Minerals made misleading statements about cost reductions and production levels at its Goderich mine, leading to significant drops in stock price following disappointing financial results.
Compass Minerals (NYSE: CMP) announced the appointment of Jon Chisholm and Shane Wagnon to its board of directors, following a $252 million strategic equity investment from Koch Minerals and Trading, LLC. Chisholm, managing director at Koch Disruptive Technologies, brings extensive experience in business development and strategy. Wagnon serves as vice president of trading at Koch Carbon, overseeing low-sulfur petroleum coke division. The board’s expansion to 12 members aims to leverage Koch's capabilities to enhance value for shareholders.
The board of directors of Compass Minerals (NYSE: CMP) has announced a quarterly cash dividend of $0.15 per share. This dividend is payable on December 20, 2022, to shareholders recorded by the close of business on December 9, 2022. Compass Minerals is a leading provider of essential minerals, with operations focused on salt products and plant nutrition. The company also aims to develop a sustainable lithium brine resource for the North American battery market. It operates 12 facilities across the U.S., Canada, and the U.K.
Compass Minerals (NYSE: CMP) will announce its fourth-quarter and fiscal 2022 results on November 29, 2022, after market close. The company’s CEO, Kevin Crutchfield, and CFO, Lorin Crenshaw, will host a conference call on November 30, 2022, at 9:30 a.m. ET to discuss the results. Investors can access the call via webcast or by phone, with details available on their investor relations website. The company operates 12 facilities and is a significant player in the essential minerals market, focusing on salt and plant nutrition products.
Compass Minerals (NYSE: CMP) has signed a multiyear supply agreement with LG Energy Solution (LGES) to provide battery-grade lithium carbonate from its Ogden, Utah facility. The agreement covers up to 40% of Compass's planned production, estimated at 35 kMT LCE annually, with phase-one capacity of approximately 11 kMT expected by 2025. This partnership aims to strengthen the domestic lithium supply chain, reflecting the growing demand for electric vehicle batteries. The deal is contingent upon the successful start of production and product qualification.
NCR Corporation (NYSE: NCR) has appointed Joseph "Joe" Reece to its Board of Directors as of November 4, 2022. A veteran with over 35 years of experience in finance and corporate strategy, Reece is co-founder of SilverBox Capital LLC and has held senior roles at UBS Securities and Credit Suisse. NCR's CEO, Michael D. Hayford, expressed optimism about Reece’s expertise during a critical transition period for NCR. Reece emphasized his intent to enhance shareholder value through strategic guidance.
Compass Minerals (NYSE: CMP) has secured a
EnergySource Minerals announced its selection by Compass Minerals (NYSE: CMP) as the technology provider for lithium brine extraction using its proprietary ILiAD technology. This was based on extensive research demonstrating superior lithium recovery, magnesium rejection, and minimal environmental impact. The initial phase targets a 2.4 mMT lithium carbonate resource at the Great Salt Lake, expected to produce battery-grade lithium by 2025. EnergySource's technology aims to significantly reduce costs and environmental impacts, aligning with the growing demand for sustainable lithium.
Compass Minerals (NYSE: CMP) has announced a $252 million investment from Koch Minerals & Trading to advance the phase-one development of its lithium project at the Great Salt Lake. This partnership aims to leverage synergies for enhanced value creation across Compass Minerals' operations. Approximately $200 million will fund initial lithium development, targeting a production capacity of 35 kMT LCE by 2025. The remaining $52 million will reduce debt, realigning capital structure with growth strategies. Post-transaction, Koch will own around 17% of Compass Minerals' shares.
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