Intrepid Receives $10 M under CARES Act

Intrepid Potash Inc., Denver, reported May 6 that it received a $10 million loan under the CARES (U.S. Coronavirus Aid, Relief and Economic Security Act) Paycheck Protection Program. It said it will only use the money to fund payroll and other eligible expenses and expects the majority of the loan will be forgiven pursuant to the currently guidelines of the CARES Act.