Ben Winslow is a reporter with FOX 13 covering a variety of topics including politics, polygamy, vice and courts.
OGDEN, Utah — Compass Minerals, a major mineral extraction company operating on the Great Salt Lake, has announced it will abandon a lucrative lithium brine project.
"The environment surrounding our lithium project today is markedly different than the one that existed a couple of years ago when we started down this path. The simple fact is that the regulatory risks have increased significantly around this project. When combined with other changes to the commercial landscape, it became clear that the risk-adjusted returns on this project are inadequate to justify the investment," said Compass Minerals CEO Edward Dowling in a statement.
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