EX-99.1 2 ipi-20231231xex99d1.htm EXHIBIT 99.1

Exhibit 99.1

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
Subnational
Jurisdiction

    

Government

    

Resource

    

Extraction
Method

    

Taxes (1)

    

Royalties

    

Fees

    

Production
Entitlements

    

Bonuses

    

Dividends

    

Payments for
infrastructure
improvements

    

Community and
social
responsibility
payments

    

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

GovernmentLevel 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
Entitlements

    

Bonuses

    

Dividends

    

Payments for
infrastructure
improvements

    

Community and
social
responsibility
payments

    

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.