MANAUS, Brazil, June 05, 2025 (GLOBE NEWSWIRE) -- Brazil Potash Corp. ("Brazil Potash" or the "Company") (NYSE-American: GRO), a mineral exploration and development company with a critical mineral potash mining project, the Autazes Project (the “Project”), today announced that Adriano Espeschit has resigned from his position as President of Potássio do Brasil Ltda., the Company's wholly-owned Brazilian subsidiary, effective in 30 days as per his Agreement, to pursue other opportunities. The Company thanks M ...

Core Insights - Brazil Potash Corp. has made significant progress in governance, commercial partnerships, construction, and financial initiatives for the Autazes Potash Project, which is crucial for Brazil's agricultural security [1][2] Group 1: Achievements and Progress - The company has established a $75 million equity line of credit with Alumni Capital, enhancing its capital access for project advancement [5] - Brazil Potash signed a Memorandum of Understanding (MOU) with Keytrade AG for potential offtake of up to one million tons per year, moving towards approximately 1.5 million tons of committed production [6] - The company has strengthened government relations through strategic meetings with key stakeholders, including the Amazonas State Governor and the Mura Indigenous Council [6] Group 2: Leadership and Governance - Mayo Schmidt was appointed as Executive Chairman in January 2025, bringing experience from Nutrien, the world's largest fertilizer company [6] - Christian Joerg was added to the Board of Directors, contributing three decades of experience in agricultural commodities and international trade finance [6] - The Advisory Board was expanded with Marcelo Lessa, a former IFC/World Bank executive with extensive project financing expertise [6] Group 3: Construction and Operational Advancements - The company received approval to begin fauna rescue and vegetation suppression activities, enabling subsequent shaft sinking operations [6] - Site preparation work at the future port terminal has been completed, marking a critical infrastructure milestone [6] - Water extraction installation licenses have been converted to full operational permits, securing water supply for construction and operations [6] Group 4: Market Context and Future Outlook - Brazil Potash aims to produce up to 2.4 million tons of potash annually, potentially supplying approximately 20% of Brazil's current potash demand [7] - The project is expected to reduce Brazil's reliance on potash imports while mitigating approximately 1.4 million tons per year of greenhouse gas emissions [7]

Core Viewpoint - Brazil Potash Corp. has successfully launched its Brazilian Depositary Receipts (BDRs) on the B3 stock exchange, allowing Brazilian investors to participate in the ownership of the company and its Autazes Potash Project, which aims to reduce Brazil's fertilizer import dependence [1][2][3] Group 1: BDR Launch and Impact - The BDRs will begin trading on May 26, 2025, under the ticker symbol GROP31, enhancing the company's visibility in both North American and Brazilian capital markets [1][3] - The BDR program aligns with Brazil's National Fertilizer Plan, which targets reducing fertilizer import dependence from 85% to 45% by 2050 [2] - Each BDR represents one common share of Brazil Potash, which continues to trade on the NYSE American under the ticker symbol GRO [3] Group 2: Project Significance and Production - The Autazes Project aims to supply sustainable fertilizers to Brazil, a major agricultural exporter, which imported over 95% of its potash fertilizer in 2021 [5] - Brazil Potash plans to produce up to 2.4 million tons of potash annually, potentially meeting approximately 20% of Brazil's current potash demand [5] - The project is expected to mitigate around 1.4 million tons of greenhouse gas emissions per year by reducing reliance on imported potash [5] Group 3: Strategic Partnerships and Logistics - The potash produced will be transported primarily using low-cost river barges in partnership with Amaggi, a significant player in Brazil's agricultural logistics [5] - Banco Bradesco S.A. will act as the depositary institution for the BDR program, which is governed by relevant regulations [4]

The Zacks Fertilizers industry is poised to gain on favorable demand fundamentals for major crop nutrients, including phosphate and potash. The underlying strength of the agricultural market and attractive farm economics are spurring demand for fertilizers globally.  Industry players such as CF Industries Holdings, Inc. (CF) , The Mosaic Company (MOS) and  Yara International ASA (YARIY) are set to benefit from higher demand for fertilizers in major markets.  While weak year-over-year fertilizer prices pose ...

The Mosaic Company May 6, 2025 First Quarter 2025 Results 1 This presentation includes the presentation and discussion of non-GAAP diluted net earnings per share, or adjusted EPS, non-GAAP gross margin per tonne, or adjusted gross margin per tonne, non-GAAP adjusted EBITDA, non-GAAP cash cost of conversion or production per tonne, or non-GAAP adjusted effective tax rate, collectively referred to as non-GAAP financial measures. Generally, a non-GAAP financial measure is a supplemental numerical measure of a ...

Core Viewpoint - Brazil Potash Corp has entered into a definitive agreement for an equity line of credit with Alumni Capital LP, which is expected to provide flexible funding for the Autazes Potash Project, crucial for global food security [1][3]. Funding Agreement - The equity line of credit allows Brazil Potash to sell up to $75 million worth of common shares over a 24-month period, with the company controlling the timing and amount of sales [3]. - The agreement is structured to provide Brazil Potash with a flexible financing tool as it progresses with early construction activities for the Autazes Project [2][3]. Project Overview - The Autazes Project aims to supply sustainable fertilizers to Brazil, which is heavily reliant on potash imports, having imported over 95% of its potash fertilizer in 2021 [6]. - Brazil Potash plans to produce up to 2.4 million tons of potash annually, potentially meeting approximately 20% of Brazil's current potash demand [6]. - The project is positioned to reduce Brazil's reliance on imports and mitigate around 1.4 million tons of greenhouse gas emissions per year [6].

Core Insights - Brazil Potash Corp. has appointed Marcelo Lessa to its advisory board, bringing over 30 years of experience in agricultural finance and investment strategies, particularly in Latin America and Africa [1][2] - Lessa's expertise includes leading over $400 million in investments in agribusiness and infrastructure during his tenure at the International Finance Corporation (IFC) and World Bank [2] - The Autazes Project aims to supply sustainable fertilizers to Brazil, which is critical for global food security, especially as the country imported over 95% of its potash fertilizer in 2021 [4] Company Overview - Brazil Potash is developing the Autazes Project, which is expected to produce up to 2.4 million tons of potash annually, potentially supplying around 20% of Brazil's current potash demand [4] - The project will utilize low-cost river barges for transportation in partnership with Amaggi, a major agricultural operator in Brazil [4] - The company aims to reduce Brazil's reliance on potash imports and mitigate approximately 1.4 million tons of greenhouse gas emissions per year [4] Advisory Board Composition - The advisory board is chaired by Stan Bharti and includes notable members such as Kátia Abreu, former Minister of Agriculture, and Luis Adams, former Attorney General of Brazil [6]