Core Viewpoint - Brazil Potash Corp. has successfully executed its third and final definitive commercial offtake agreement with Kimia Solutions, securing a long-term commitment for potash sales, which enhances the company's revenue visibility and supports project financing efforts [1][2][3]. Agreement Details - The agreement is a 10-year take-or-pay commitment for Kimia to purchase up to 704,000 tons of potash annually from the Autazes Potash Project at market prices [2][8]. - This agreement represents approximately 23% to 32% of Brazil Potash's annual production capacity, contributing to a total of over 2 million tons of pre-sold potash for up to 17 years [3][8]. Commercial Strategy Progress - The Kimia Agreement provides strong revenue visibility essential for project financing and demonstrates robust market demand for domestically produced Brazilian potash [5]. - The remaining production will be reserved for spot sales to capture potential market premiums and accommodate maintenance outages [5]. Strategic Partnerships - The agreement follows a recently signed MOU with Fictor Energia for approximately $200 million in power line construction funding and a $20 million equity investment, significantly de-risking both commercial and infrastructure components of the Autazes Project [6]. Industry Context - Brazil Potash aims to reduce Brazil's reliance on potash imports, which was over 95% in 2021, by supplying domestically produced potash, potentially meeting approximately 20% of the current demand [10]. - The company plans to transport potash primarily using low-cost river barges, enhancing logistical efficiency [10].