Mosaic has agreed to sell its Mosaic Potash Carlsbad, Inc. operation in Carlsbad, New Mexico, to International Minerals Carlsbad, LLC for a total consideration of $30 million. The deal consists of an upfront cash payment of $20 million at closing and a deferred payment of $10 million that will be paid in three equal annual installments beginning in 2029.
The transaction transfers all assets, liabilities, and operations of the Carlsbad mine, including Mosaic’s potash and water businesses in New Mexico and the intellectual‑property portfolio that covers the K‑Mag and Dynamate brands. International Minerals will also assume responsibility for the asset‑retirement obligations associated with the mine, although the financial value of those obligations has not been disclosed.
Mosaic’s management said the sale is part of a broader strategy to streamline its potash portfolio and concentrate on higher‑margin, higher‑volume assets, particularly its large, low‑cost operations in Saskatchewan, Canada. Executive Vice President of Operations Karen Swager emphasized that the buyer will provide continuity for Carlsbad employees, while International Minerals’ CEO Sergio Saenz described the acquisition as an exciting opportunity to build on New Mexico’s potash legacy. Chief Commercial Officer Kelvin Feist highlighted the seamless transition for stakeholders.
The deal is expected to close in the first half of 2026, subject to customary closing conditions. Mosaic will record a non‑cash asset impairment in the fourth quarter of 2025 related to the sale, which will reduce reported earnings for that period but will improve liquidity with the $20 million cash inflow. The transaction reflects Mosaic’s ongoing portfolio optimization, which has included the sale of other assets such as the Patos de Minas and Taquari mines.
The sale underscores Mosaic’s focus on its core Canadian potash operations, which are characterized by lower production costs and higher margins. By divesting the Carlsbad operation, Mosaic aims to strengthen its balance sheet, reduce debt, and allocate capital to growth opportunities in its most profitable segments.
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