Brazil Potash Secures 91% Of Production Offtake And Advances Autazes Project Toward 2026 Construction
- Signed Contracts to Sell ~91% of Production, Strengthened Leadership Team, Advanced Site Preparation and Community Partnerships
- 2026 Focus on Construction Financing, Completing Advanced Engineering, Indigenous Impact Benefit Agreement, and Strategic Partnerships
- CEO Matt Simpson to outline company progress and discuss market dynamics in upcoming investor webinar on December 9, 2025, at 1:00 PM ET – see end of this release to register
MANAUS, Brazil, Dec. 08, 2025 (GLOBE NEWSWIRE) -- Brazil Potash Corp. ("Brazil Potash" or the "Company") (NYSE-American: GRO), a company developing and constructing Brazil's largest potash fertilizer project, today announced its 2025 achievements and outlined strategic priorities for 2026 as it advances the Autazes Potash Project toward full construction.
"2025 has been a transformative year for Brazil Potash, marked by exceptional progress across commercial, financial, operational, and community initiatives," said Matt Simpson, Chief Executive Officer of Brazil Potash. "We've secured binding commitments for over 90% of our planned production, strengthened our world-class Board and leadership team, advanced critical site preparation activities, and deepened our partnerships with local communities including the Mura indigenous people. As we enter 2026, we are laser-focused on completing engineering, securing construction financing, and advancing toward full-scale construction of this strategically important project for Brazil's agricultural independence."
2025 Key Achievements:
Commercial Milestones
- Secured final two major offtake agreements with Keytrade and Kimia Solutions, bringing total committed sales to approximately 91% through binding take-or-pay contracts ranging in tenor from 10 to 17 years
- Launched Brazilian Depositary Receipts (BDRs) on B3 Exchange, providing domestic investors direct access to participate in Brazil's fertilizer independence
Leadership & Governance Enhancement
- Appointed Mayo Schmidt as Executive Chairman, former Chairman and CEO of Nutrien
- Named Sergio Leite as President of Potássio do Brasil, bringing proven track record in raising multi-billion-dollar funding and successfully delivering large-scale projects
- Strengthened Board with addition of Christian Joerg, bringing 30+ years of global agricultural commodities expertise including extensive Middle East experience
- Expanded Advisory Board with Marcelo Lessa, former IFC/World Bank executive with extensive project financing experience
Construction & Operations Progress
- Completed vegetation management and site preparation at both the future plant site and port terminal
- Launched archaeological monitoring and heritage education programs
- Signed MOU with Fictor Energia for ~$200 million power line construction funding, removing this cost from project capex
Financial & Strategic Initiatives
- Raised $28 million through private placement with institutional investors
- Established $75 million equity line of credit with Alumni Capital for flexible funding
- Mandated BTIG to lead project-level equity financing to minimize shareholder dilution
- Engaged multiple development finance institutions (DFIs), export credit agencies (ECAs), and commercial banks for construction debt discussions and hosted site visits
Community & Sustainability
- Strengthened relationships with Mura indigenous communities and initiated Impact Benefit Agreement discussions
- Signed 13 MOUs for training programs to prepare local workforce for construction and operations employment
- Advanced fauna rescue and environmental management programs in full compliance with regulatory requirements
2026 Strategic Priorities:
The Company has identified the following key objectives for 2026:
- Advance Engineering - Advance engineering for mine shafts (critical path) and processing plant as prerequisites for debt financing
- Source Anchor Equity Investment - Advance process to secure strategic equity partner at project level to fund construction while minimizing dilution to existing shareholders
- Optimize Infrastructure Funding - Pursue third-party financing arrangements for discrete project components potentially including:
- River barge port facility
- Steam plant operations
- 20MW construction power infrastructure (converting to backup power for operations)
- Trucking services from plant to port
- Community Development - Launch comprehensive training programs in local communities to maximize employment opportunities during construction and operations phases
- Advance Construction - Subject to funding, order certain long-lead equipment items and progress civil works at site following engineering completion and financing arrangements