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Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure [Table]      
Pay vs Performance [Table Text Block]
Pay Versus Performance
As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation
 
S-K,
 
we are providing the following information about the relationship between executive compensation actually paid and certain financial performance of the Company. For further information concerning the Company’s
 
pay-for-performance
 
philosophy and how the Company’s aligns executive compensation with the Company’s performance, refer to the “Compensation Discussion and Analysis” section of this Proxy Statement.


    Year    
   Summary
Compensation
Table Total for
PEO
1
     Compensation
Actually Paid
to PEO
2
     Average
Summary
Compensation
Table Total
for
Non-PEO

NEOs
3
     Average
Compensation
Actually Paid
to
Non-PEO

NEOs
4
     Value of Initial Fixed $100
Investment Based On:		     Net Income
(Loss)
(Thousands)
7
     Adjusted
EBITDA
(Thousands)
8
  
  Total
Shareholder
Return
5
     Peer Group
Total
Shareholder
Return
6
  
      (a)      
   (b)     (c)     (d)     (e)     (f)     (g)     (h)     (i)  
2022   $ 1,599,032     $ (13,632,968 )    $ 2,111,590     $ (6,446,895 )    $ 160.90     $ 180.34     $ 289,004     $ 388,631  
2021   $ 34,832,000     $ 36,336,000     $ 984,079     $ 6,001,970     $ 300.99     $ 170.93     $ 135,037     $ 219,077  
2020   $ 0     $ 0     $ 10,320,082     $ 21,065,164     $ 213.19     $ 112.07     $ (21,825 )    $ 42,609  
 
1
The dollar amounts reported in column (b) are the amounts of total compensation reported for Mr. Litinsky (our Chief Executive Officer) for each corresponding year in the “Total” column of the Summary Compensation Table. In 2020, Mr. Litinsky did not receive any compensation. In 2021, the compensation paid to Mr. Litinsky consisted of only 800,000 restricted stock units that vest over four years. Refer to “Compensation Tables – Summary Compensation Table.”
2
The dollar amounts reported in column (c) represent the amount of “compensation actually paid” to Mr. Litinsky, as computed in accordance with Item 402(v) of Regulation
S-K.
The dollar amounts do not reflect the actual amount of compensation earned by or paid to Mr. Litinsky during the applicable year. In accordance with the requirements of Item 402(v) of Regulation
S-K,
the following adjustments were made to Mr. Litinsky’s total compensation for each year to determine the compensation actually paid:
 
Year
    Reported
Summary
Compensation
Table Total for
PEO		      Reported
Value of Equity
Awards
(a)
      Equity
Award
Adjustments
(b)
      Compensation Actually
Paid to PEO		  
2022
    $ 1,599,032     
$
 0      $ (15,232,000 )     $ (13,632,968 ) 
2021
    $ 34,832,000      $ 34,832,000      $ 36,336,000      $ 36,336,000  
2020
    $ 0      $ 0      $ 0      $ 0  
 
(a)
The grant date fair value of equity awards represents the amounts reported in the “Stock Awards” column in the Summary Compensation Table for the applicable year.
 
(b)
The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the
year-end
fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in the same applicable year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments are as follows:
 
Year
    Year End
Fair Value
of Equity
Awards
Granted in
Applicable
Year that are
outstanding
and
unvested		      Year over Year
Change in Fair
Value of
Outstanding and
Unvested
Equity Awards
Granted in Prior
Years		      Change in Fair Value of
Equity Awards Granted in
Prior Years that Vested in
the Year		      Total
Equity
Award
Adjustments		  
2022
    $ 0      $ (12,684,000 )     $ (2,548,000 )     $ (15,232,000 ) 
2021
    $ 36,336,000      $ 0      $ 0      $ 36,336,000  
2020
    $ 0     
$
 0      $ 0      $ 0  
 
3
 
The dollar amounts reported in column (d) represent the average of the amounts reported for the Company’s named executive officers (“NEOs”) as a group (excluding Mr. Litinsky) in the “Total” column of the Summary Compensation Table in each applicable year. The names of each of the NEOs (excluding Mr. Litinsky) included for purposes of calculating the average amounts in each applicable year are as follows: (i) for 2022, Ryan Corbett, Michael Rosenthal and Elliot D. Hoops; (ii) for 2021, Ryan Corbett, Michael Rosenthal, Elliot D. Hoops and Sheila Bangalore; and (iii) for 2020, Ryan Corbett, Michael Rosenthal and Sheila Bangalore.
4
 
The dollar amounts reported in column (e) represent the average amount of “compensation actually paid” to the NEOs as a group (excluding Mr. Litinsky), as computed in accordance with Item 402(v) of Regulation
S-K.
The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the NEOs as a group (excluding Mr. Litinsky) during the applicable year. In accordance with the requirements of Item 402(v) of Regulation
S-K,
the following adjustments were made to average total compensation for the NEOs as a group (excluding Mr. Litinsky) for each year to determine the compensation actually paid, using the same methodology described above in Note 2:
 
Year
    Average
Reported Summary
Compensation
Table Total for
Non-PEO
NEOs		      Average
Reported
Value of Equity
Awards		      Average Equity
Award Adjustments
(a)
      Average Compensation Actually Paid to
Non-PEO
NEOs		  
2022
    $ 2,111,590      $ 997,151      $ (7,561,334 )     $ (6,446,895 ) 
2021
    $ 984,079      $ 482,699      $ 5,500,590      $ 6,001,970  
2020
    $ 10,320,082      $ 9,655,719      $ 20,400,801      $ 21,065,164  
 
(a)
The amounts deducted or added in calculating the total average equity award adjustments are as follows:
 
Year
    Year End Fair
Value of
Equity Awards
Granted in
Applicable
Year that are
outstanding and
unvested		      Year over
Year Change
in Fair Value
of
Outstanding
and Unvested
Equity
Awards
Granted in
Prior Years		     Fair Value as
of Vesting
Date of Equity
Awards
Granted and
Vested in the
Year		      Change in Fair Value of
Equity Awards Granted
in Prior Years that
Vested in the Year		     Total
Equity
Award
Adjustments		  
2022
    $ 395,594      $ (7,244,572 )    $ 234,150      $ (946,506 )    $ (7,561,334 ) 
2021
    $ 458,481      $ 4,751,757     $ 113,902      $ 176,450     $ 5,500,590  
2020
    $ 19,441,468      $ 0     $ 959,333      $ 0     $ 20,400,801  
 
5
 
The dollar amounts reported in column (f) represent Cumulative TSR as calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between the Company’s share price at the end and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period.
6
 
The dollar amounts reported in column (g) represent the weighted peer group TSR, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The peer group used for this purpose consisted of the following companies: Albemarle Corporation, Alcoa Corporation, Ashland Global Holdings Inc., Axalta Coating Systems Ltd., Cabot Corporation, CF Industries Holdings, Inc., Cleveland-Cliffs Inc., Commercial Metals Company, Compass Minerals International, Inc., Quaker Chemical Corporation, Reliance Steel & Aluminum Co., Steel Dynamics, Inc., The Mosaic Company, and Westlake Chemical Corporation.
7
The dollar amounts reported in column (h) represent the amount of net income (loss) reflected in the Company’s audited financial statements for the applicable year.
8
The dollar amounts reported in column (i) represent Adjusted EBITDA for the applicable year. Adjusted EBITDA is defined as GAAP net income or loss before interest expense, net; income tax expense or benefit; and depreciation, depletion and amortization; further adjusted to eliminate the impact of stock-based compensation expense; transaction-related,
start-up
and other
non-recurring
costs; accretion of asset retirement and environmental obligations; gain or loss on sale or disposal of long-lived assets; write-downs of inventories; tariff rebates; and other income or loss, net.
   
Company Selected Measure Name Adjusted EBITDA    
Named Executive Officers, Footnote [Text Block] The dollar amounts reported in column (d) represent the average of the amounts reported for the Company’s named executive officers (“NEOs”) as a group (excluding Mr. Litinsky) in the “Total” column of the Summary Compensation Table in each applicable year. The names of each of the NEOs (excluding Mr. Litinsky) included for purposes of calculating the average amounts in each applicable year are as follows: (i) for 2022, Ryan Corbett, Michael Rosenthal and Elliot D. Hoops; (ii) for 2021, Ryan Corbett, Michael Rosenthal, Elliot D. Hoops and Sheila Bangalore; and (iii) for 2020, Ryan Corbett, Michael Rosenthal and Sheila Bangalore.    
Peer Group Issuers, Footnote [Text Block] The dollar amounts reported in column (g) represent the weighted peer group TSR, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The peer group used for this purpose consisted of the following companies: Albemarle Corporation, Alcoa Corporation, Ashland Global Holdings Inc., Axalta Coating Systems Ltd., Cabot Corporation, CF Industries Holdings, Inc., Cleveland-Cliffs Inc., Commercial Metals Company, Compass Minerals International, Inc., Quaker Chemical Corporation, Reliance Steel & Aluminum Co., Steel Dynamics, Inc., The Mosaic Company, and Westlake Chemical Corporation.    
PEO Total Compensation Amount $ 1,599,032 $ 34,832,000 $ 0
PEO Actually Paid Compensation Amount $ (13,632,968) 36,336,000 0
Adjustment To PEO Compensation, Footnote [Text Block]
2
The dollar amounts reported in column (c) represent the amount of “compensation actually paid” to Mr. Litinsky, as computed in accordance with Item 402(v) of Regulation
S-K.
The dollar amounts do not reflect the actual amount of compensation earned by or paid to Mr. Litinsky during the applicable year. In accordance with the requirements of Item 402(v) of Regulation
S-K,
the following adjustments were made to Mr. Litinsky’s total compensation for each year to determine the compensation actually paid:
 
Year
    Reported
Summary
Compensation
Table Total for
PEO		      Reported
Value of Equity
Awards
(a)
      Equity
Award
Adjustments
(b)
      Compensation Actually
Paid to PEO		  
2022
    $ 1,599,032     
$
 0      $ (15,232,000 )     $ (13,632,968 ) 
2021
    $ 34,832,000      $ 34,832,000      $ 36,336,000      $ 36,336,000  
2020
    $ 0      $ 0      $ 0      $ 0  
 
(a)
The grant date fair value of equity awards represents the amounts reported in the “Stock Awards” column in the Summary Compensation Table for the applicable year.
 
(b)
The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the
year-end
fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in the same applicable year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments are as follows:
 
Year
    Year End
Fair Value
of Equity
Awards
Granted in
Applicable
Year that are
outstanding
and
unvested		      Year over Year
Change in Fair
Value of
Outstanding and
Unvested
Equity Awards
Granted in Prior
Years		      Change in Fair Value of
Equity Awards Granted in
Prior Years that Vested in
the Year		      Total
Equity
Award
Adjustments		  
2022
    $ 0      $ (12,684,000 )     $ (2,548,000 )     $ (15,232,000 ) 
2021
    $ 36,336,000      $ 0      $ 0      $ 36,336,000  
2020
    $ 0     
$
 0      $ 0      $ 0  
    
Non-PEO NEO Average Total Compensation Amount $ 2,111,590 984,079 10,320,082
Non-PEO NEO Average Compensation Actually Paid Amount $ (6,446,895) 6,001,970 21,065,164
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]
4
 
The dollar amounts reported in column (e) represent the average amount of “compensation actually paid” to the NEOs as a group (excluding Mr. Litinsky), as computed in accordance with Item 402(v) of Regulation
S-K.
The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the NEOs as a group (excluding Mr. Litinsky) during the applicable year. In accordance with the requirements of Item 402(v) of Regulation
S-K,
the following adjustments were made to average total compensation for the NEOs as a group (excluding Mr. Litinsky) for each year to determine the compensation actually paid, using the same methodology described above in Note 2:
 
Year
    Average
Reported Summary
Compensation
Table Total for
Non-PEO
NEOs		      Average
Reported
Value of Equity
Awards		      Average Equity
Award Adjustments
(a)
      Average Compensation Actually Paid to
Non-PEO
NEOs		  
2022
    $ 2,111,590      $ 997,151      $ (7,561,334 )     $ (6,446,895 ) 
2021
    $ 984,079      $ 482,699      $ 5,500,590      $ 6,001,970  
2020
    $ 10,320,082      $ 9,655,719      $ 20,400,801      $ 21,065,164  
 
(a)
The amounts deducted or added in calculating the total average equity award adjustments are as follows:
 
Year
    Year End Fair
Value of
Equity Awards
Granted in
Applicable
Year that are
outstanding and
unvested		      Year over
Year Change
in Fair Value
of
Outstanding
and Unvested
Equity
Awards
Granted in
Prior Years		     Fair Value as
of Vesting
Date of Equity
Awards
Granted and
Vested in the
Year		      Change in Fair Value of
Equity Awards Granted
in Prior Years that
Vested in the Year		     Total
Equity
Award
Adjustments		  
2022
    $ 395,594      $ (7,244,572 )    $ 234,150      $ (946,506 )    $ (7,561,334 ) 
2021
    $ 458,481      $ 4,751,757     $ 113,902      $ 176,450     $ 5,500,590  
2020
    $ 19,441,468      $ 0     $ 959,333      $ 0     $ 20,400,801  
    
Compensation Actually Paid vs. Total Shareholder Return [Text Block]
Compensation Actually Paid and Cumulative TSR
The following graphs further illustrate the relationship between the pay and performance figures that are included in the Pay versus Performance tabular disclosure above. As noted above, the compensation actually paid amounts for purposes of the tabular disclosure and the following graphs were calculated in accordance with SEC rules and do not fully represent the actual final amount of compensation earned by or actually paid to our NEOs during the applicable years. The first graph illustrates the relationship between compensation actually paid to the Company’s Cumulative TSR. Mr. Litinsky did not earn any compensation in 2020.
 
LOGO 		   
Compensation Actually Paid vs. Net Income [Text Block]
Compensation Actually Paid and Net Income (Loss)
The following graph illustrates the relationship between the compensation actually paid amounts to the Company’s net income (loss). While the Company does not use net income (loss) as a performance measure in the overall executive compensation program, the measure of net income (loss) is correlated with the measure Adjusted EBITDA, which the Company does use for when setting goals in the Company’s short-term incentive compensation program. Mr. Litinsky did not earn any compensation in 2020.
 
LOGO 		   
Compensation Actually Paid vs. Company Selected Measure [Text Block]
Compensation Actually Paid and Adjusted EBITDA
The following graph illustrates the relationship between the compensation actually paid amounts to the Company’s Adjusted EBITDA. The Company has determined that Adjusted EBITDA is the financial performance measure that, in the Company’s assessment, represents the most important performance measure (that is not otherwise in the Pay versus Performance table) used by the Company to link compensation actually paid to the Company’s NEOs, for the most recently completed fiscal year, to Company performance. The Company utilizes Adjusted EBITDA when setting goals in the Company’s short-term incentive compensation program. Mr. Litinsky did not earn any compensation in 2020.

 
LOGO 		   
Total Shareholder Return Vs Peer Group [Text Block]
Cumulative TSR of the Company and Cumulative TSR of the Company’s Peer Group
The following graph illustrates the Company’s Cumulative TSR and the Cumulative TSR of the Company’s peer group beginning on November 18, 2020 (which was our first trading day in 2020) and the past three years. For more information regarding the Company’s performance and the companies that the Compensation Committee considers when determining compensation, refer to Note 6 to the Pay versus Performance table above.
 
LOGO 		   
Tabular List [Table Text Block]
Financial Performance Measures
As described in greater detail in “Compensation Discussion and Analysis,” the Company’s executive compensation program reflects a variable
pay-for-performance
philosophy. The metrics that the Company uses in its executive compensation program are selected based on an objective of incentivizing our NEOs to increase the value of our enterprise for our stockholders. The most important financial performance measures used by the Company to link executive compensation actually paid to the Company’s NEOs, for the most recently completed fiscal year, to the Company’s performance are as follows:
 
  •  
Adjusted EBITDA
 
  •  
REO Production
   
Total Shareholder Return Amount $ 160.9 300.99 213.19
Peer Group Total Shareholder Return Amount 180.34 170.93 112.07
Net Income (Loss) $ 289,004,000 $ 135,037,000 $ (21,825,000)
Company Selected Measure Amount 388,631,000 219,077,000 42,609,000
PEO Name Mr. Litinsky    
Measure [Axis]: 1      
Pay vs Performance Disclosure [Table]      
Measure Name Adjusted EBITDA    
Measure [Axis]: 2      
Pay vs Performance Disclosure [Table]      
Measure Name REO Production    
PEO [Member] | Reported Value of Equity Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ 0 $ 34,832,000 $ 0
PEO [Member] | Equity Award Adjustments [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (15,232,000) 36,336,000 0
PEO [Member] | Year End Fair Value of Equity Awards Granted in Applicable Year that are outstanding and unvested [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 36,336,000 0
PEO [Member] | Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (12,684,000) 0 0
PEO [Member] | Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (2,548,000) 0 0
Non-PEO NEO [Member] | Reported Value of Equity Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 997,151 482,699 9,655,719
Non-PEO NEO [Member] | Equity Award Adjustments [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (7,561,334) 5,500,590 20,400,801
Non-PEO NEO [Member] | Year End Fair Value of Equity Awards Granted in Applicable Year that are outstanding and unvested [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 395,594 458,481 19,441,468
Non-PEO NEO [Member] | Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (7,244,572) 4,751,757 0
Non-PEO NEO [Member] | Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (946,506) 176,450 0
Non-PEO NEO [Member] | Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ 234,150 $ 113,902 $ 959,333