Clearway Capital Management LLC → Intrepid Potash, Inc. IPI

This Amendment No.1 to Schedule 13D is being filed to disclose that on January 14, 2025, Gonzalo Avendano, an investment advisor to Clearway Capital Management LLC was appointed to the board of directors of Intrepid Potash, Inc. As part of the appointment, Clearway Capital Management LLC and Intrepid Potash Inc entered into a Cooperation Agreement, set forth in Exhibit 1. The Cooperation Agreement was also an exhibit to the 8-K Report filed by Intrepid Potash Inc on January 15, 2025. Clearway Capital Management LLC affirms that the appointment of Mr. Avendano as director of Intrepid Potash Inc is in alignment with Clearway Capital Management LLC's investment strategy in Intrepid Potash Inc. The filing of this Schedule 13D/A shall not be construed as an admission that Mr. Avendano be the beneficial owner of any of the securities of Issuer, held by Clearway Capital Management LLC.