09/26/2024 | Press release | Distributed by Public on 09/26/2024 14:32
Resource Extraction Payment Report
Project-Level Disclosure
The table below sets forth our payments made to governments for the fiscal year ended December 31, 2023, by project and type of payment.
For the year ended December 31, 2023 |
|||||||||||||||||||||||||||||||||||
Project Name |
Country/ Major |
Government |
Resource |
Extraction |
Taxes (1) |
Royalties |
Fees |
Production |
Bonuses |
Dividends |
Payments for |
Community and |
Total |
||||||||||||||||||||||
IPNM HB Solution Mine |
U.S |
Federal Government |
Sylvinite |
Solar Solution |
$ |
- |
$ |
2,267,844 |
$ |
- |
$ |
- |
$ |
- |
$ |
- |
$ |
- |
$ |
- |
$ |
2,267,844 |
|||||||||||||
IPNM HB Solution Mine |
U.S |
Federal Government |
Salt |
Solar Solution |
- |
516,067 |
- |
- |
- |
- |
- |
- |
516,067 |
||||||||||||||||||||||
IPNM HB Solution Mine |
U.S |
Federal Government |
Magnesium Chloride |
Solar Solution |
- |
130,080 |
- |
- |
- |
- |
- |
- |
130,080 |
||||||||||||||||||||||
IPNM East Mine |
U.S |
Federal Government |
Langbeinite |
Underground |
- |
2,904,641 |
- |
- |
- |
- |
- |
- |
2,904,641 |
||||||||||||||||||||||
IPNM East Mine |
U.S |
Federal Government |
Salt |
Underground |
- |
18,354 |
- |
- |
- |
- |
- |
- |
18,354 |
||||||||||||||||||||||
IPNM West Mine |
U.S |
Federal Government |
Sylvinite |
Underground |
- |
111,687 |
- |
- |
- |
- |
- |
- |
111,687 |
||||||||||||||||||||||
Moab Mine |
U.S |
Federal Government |
Sylvinite |
Solar Solution |
- |
- |
- |
- |
- |
- |
- |
- |
- |
||||||||||||||||||||||
Wendover Mine |
U.S |
Federal Government |
Sylvinite |
Solar Solution |
- |
185,281 |
- |
- |
- |
- |
- |
- |
185,281 |
||||||||||||||||||||||
Wendover Mine |
U.S |
Federal Government |
Salt |
Solar Solution |
- |
4,109 |
- |
- |
- |
- |
- |
- |
4,109 |
||||||||||||||||||||||
Wendover Mine |
U.S |
Federal Government |
Magnesium Chloride |
Solar Solution |
- |
64,659 |
- |
- |
- |
- |
- |
- |
64,659 |
||||||||||||||||||||||
$ |
6,202,722 |
$ |
6,202,722 |
Government-Level Disclosure
The table below sets forth our payments made to governments for the fiscal year ended December 31, 2023, by government and type of payment.
For the year ended December 31, 2023 |
|||||||||||||||||||||||||||||
Country/ Major Subnational Jurisdiction |
Government |
Taxes (1) |
Royalties |
Fees |
Production |
Bonuses |
Dividends |
Payments for |
Community and |
Total |
|||||||||||||||||||
U.S |
Federal Government |
$ |
- |
$ |
6,202,722 |
$ |
- |
$ |
- |
$ |
- |
$ |
- |
$ |
- |
$ |
- |
$ |
6,202,722 |
(1)The Company files a consolidated income tax return in the U.S., which includes all entities of the Company. The U.S. Federal Government levies corporate income taxes at the consolidated group level rather than on a per-project basis. The Company did not make any U.S. federal tax payments during 2023. If the Company had made federal tax payments, such payments would not relate to a particular project, but the consolidated U.S. income of the Company.