Compass Minerals rebuts Utah officials' claims on lithium extraction rights and pilot projects

COMPASS MINERALS INTERNATIONAL INC

Existing state leases grant rights to all mineral salts including lithium chloride; FFSL ratified them in 2020.
Pilot projects publicly announced July 2021, discussed at Great Salt Lake Summit Jan 2022, and briefed to FFSL Oct 2022.
Royalty Agreement ML19024 covers lithium at 5% rate; director's claim of no established rate is inaccurate.
HB 513 does not retroactively modify existing rights; retroactive change would constitute a taking.
Company calls for continued professional collaboration on new regulations.

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