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flag Utah buys U.S. Magnesium assets for $30M to protect Great Salt Lake and reduce environmental risks.

flag Utah has purchased U.S. Magnesium’s bankruptcy assets for $30 million, using funds likely from the state’s rainy day reserve, to address environmental risks and protect the Great Salt Lake. flag The state aims to remediate a hazardous waste pond, end mineral leases, and redirect water to the lake, with plans to restore it by 2034. flag The move, supported by lawmakers and environmental advocates, follows years of planning and aims to prevent contamination and dust from exposed lakebeds. flag While some creditors oppose the sale over job losses, the state emphasizes the long-term ecological and public health benefits.

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