What changed in this filing

/stocks — the workspaceLOADING

Item 2. Properties

2021-10-13 compared with 2020-10-13 · 38 added, 41 removed, 59 unchanged (57% of the section changed)

1 unchanged sentence

Real Property Holdings and Mineral Reserves

(thousands of tons)

The Mississippi, Georgia, Tennessee, Nevada, California and Illinois properties are primarily mineral in nature, except our research and development facility which is included in the Illinois owned land.

We mine sorbent minerals primarily consisting of calcium bentonite, attapulgite and diatomaceous shale.

We use geologists and mineral specialists who prepared the estimated reserves of these minerals in the table above.

Claims Total Estimated

Reserves Estimated

Reserves Total

(acres) (thousands of tons)

California 795 — 1,030 1,825 3,579 11,226 14,805

Georgia 3,851 1,593 — 5,444 33,731 22,675 56,406

Illinois 105 508 — 613 2,477 1,596 4,073

Mississippi 2,219 1,331 — 3,550 36,850 134,854 171,704

Nevada 535 — — 535 23,316 2,976 26,292

Oregon 340 — — 340 — 25 25

Tennessee 178 — — 178 3,000 3,000 6,000

8,023 3,432 1,030 12,485 102,953 176,352 279,305

With the exception of our research and development center in Illinois, all properties contain clay reserves or are used in the processing of our clay.

We mine sorbent minerals primarily consisting of calcium bentonite, attapulgite and diatomaceous shale which we refer to in the aggregate as “clay,” “minerals,” or “Fuller’s Earth.” We use certified professional geologists and mineral specialists who prepared the estimated reserves of these minerals in the table above.

See also Item 1 “Business” above for further information about our reserves.

The properties in Mississippi, Georgia, California and Illinois are currently in active production and collectively produced approximately 756,000 tons of finished product in both fiscal years 2020 and 2019 .

Apart from certain mines in Georgia, all of the properties in Mississippi, Georgia, California and Illinois are currently in active production and collectively produced approximately 781,000 tons of finished product in fiscal year 2021 and 756,000 in fiscal year 2020.

Certain of our mines in Georgia are currently in development.

Parcels of such land are also sites of manufacturing facilities operated by us.

We own approximately one acre of land in Laval, Quebec, Canada, which is the site of the processing, packaging and distribution facility for our Canadian subsidiary .

In addition, we own approximately one acre of land in Laval, Quebec, Canada, which is the site of the processing, packaging and distribution facility for our Canadian subsidiary.

While we have reserves in Nevada, Oregon and Tennessee we are not actively mining these properties.

M INING P ROPERTIES

Our mining operations are conducted on land that we own or lease.

Our mining operations are conducted on both owned and leased land.

The Georgia, Illinois and Mississippi mining leases generally require that we pay a minimum monthly rent to continue the lease term.

38 unchanged sentences

RVM clay is fed from storage tanks into the LVM kiln where the moisture content is further reduced.

The clay then proceeds into a rotary cooler, then on to a screening circuit which separates the clay into the desired particle sizes.

The clay then proceeds to a screening circuit which separates the clay into the desired particle sizes.

In addition, certain other products may go through further processing or the application of fragrances and additives.

7 unchanged sentences

Oil-Dri Plant Site Locations

Alpharetta, Georgia

Non-clay manufacturing and packaging, sales, customer service

Blue Mountain, Mississippi

Manufacturing and packaging

Chicago, Illinois

Principal executive office

Coppet, Switzerland

Customer service office

Jakarta, Indonesia

Jalisco, Mexico

Warehouse and office

Laval, Quebec, Canada

Non-clay manufacturing and clay and non-clay packaging, sales

Mounds, Illinois

Manufacturing and packaging

Ochlocknee, Georgia

Manufacturing and packaging

Ripley, Mississippi

Manufacturing and packaging

Shenzhen, China

Sales office, customer service

Taft, California

Manufacturing and packaging

Vernon Hills, Illinois

Owned & Leased

Research and development

Wisbech, United Kingdom

Non-clay manufacturing and clay and non-clay packaging, sales, customer service

Location Owned/Leased Function

Blue Mountain, Mississippi Owned Manufacturing and packaging

Chicago, Illinois Leased Principal executive office

Coppet, Switzerland Leased Customer service office

Jakarta, Indonesia Leased Office

Jalisco, Mexico Leased Warehouse and office

Laval, Quebec, Canada Owned Non-clay manufacturing and clay and non-clay packaging, sales

Mounds, Illinois Owned Manufacturing and packaging

Ochlocknee, Georgia Owned Manufacturing and packaging

Ripley, Mississippi Owned Manufacturing and packaging

Shenzhen, China Leased Sales office, customer service

Taft, California Owned Manufacturing and packaging

Vernon Hills, Illinois Owned & Leased Research and development

Wisbech, United Kingdom Leased Non-clay manufacturing and clay and non-clay packaging, sales, customer service

We have no mortgages on the real property we own.

The leases for the locations listed above expire as follows:

Jalisco, Mexico in 2020;

Alpharetta, Georgia in 2021;

Shenzhen, China in 2025;

Vernon Hills, Illinois in 2026;

Wisbech, United Kingdom

in 2032 and Chicago, Illinois in 2033.

The leases for the Coppet, Switzerland and Jakarta, Indonesia offices are on a year-to-year basis.

Wisbech, United Kingdom in 2032 and Chicago, Illinois in 2033.

The leases for the Coppet, Switzerland;

Jakarta, Indonesia;

and Jalisco, Mexico offices are on a year-to-year basis.

We consider that our properties are generally in good condition, well maintained and suitable and adequate to carry on our business.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 2. Properties