Compass Minerals, a minerals producer valued at approximately $1.4 billion including debt, is reportedly in advanced discussions with private equity firms regarding a potential sale. This comes after the company's shares were negatively impacted by an aborted lithium-mining project. The company has been collaborating with investment bankers for several weeks to explore options following these challenges. The interest from buyout firms indicates a significant shift in the company's strategic direction as it seeks to navigate its recent difficulties.