Brazil Potash Corp. has detailed a series of commercial, financial, and operational milestones achieved in 2025 and outlined its priorities for the coming year as the company progresses on the Autazes Potash Project in Amazonas, Brazil.

Chief Executive Officer Matt Simpson said the year marked significant progress for the company. “2025 has been a transformative year for Brazil Potash, marked by exceptional progress across commercial, financial, operational, and community initiatives,” he said. He added that the company had “secured binding commitments for over 90% of our planned production, strengthened our world-class Board and leadership team, advanced critical site preparation, and deepened our partnerships with local communities.”

Offtake Agreements and Market Developments

Brazil Potash finalized two major offtake agreements in 2025 with Keytrade and Kimia Solutions (to a total of three offtake agreements), raising its total committed sales to roughly 91% of expected output. The contracts span between 10 and 17 years and are structured as binding take-or-pay arrangements. The company also introduced Brazilian Depositary Receipts on the B3 Exchange, giving domestic investors access to its fertilizer project.

Leadership Appointments

The company broadened its leadership group with several additions. Mayo Schmidt, former Chairman and CEO of Nutrien, became Executive Chairman. The Board added Christian Joerg, a veteran in agricultural commodities with extensive Middle East experience, while the Advisory Board added Marcelo Lessa, previously the Principal Investment Officer for agribusiness of the IFC/World Bank. Sergio Leite was named President of Potássio do Brasil, bringing experience in project financing and management of large industrial developments.

Site Preparation and Infrastructure Steps

Construction-related work progressed through vegetation management and preparation at both the plant and port sites. Brazil Potash also began archaeological monitoring and heritage education efforts. A memorandum of understanding was reached with Fictor Energia for approximately $200 million in  a Build/Operate/Own/Transfer (BOOT) deal for the power line, a cost that the company said would be removed from its capital expenditure needs upon a final binding agreement.

Financing Actions

The company raised $28 million through a private placement with institutional investors and secured a $75 million equity line of credit with Alumni Capital. BTIG was mandated to lead project-level equity financing, and discussions continued with development finance institutions, export credit agencies, and commercial banks. Several of these organizations conducted visits to the project site, according to the company.

Community Initiatives

Brazil Potash said it expanded engagement with local Mura Indigenous communities during 2025 and opened discussions on an Impact Benefit Agreement. Thirteen memoranda of understanding were signed for training programs intended to prepare local workers for jobs in construction and eventual operations. The company also advanced fauna rescue work and environmental management activities in line with regulatory requirements.

2026 Priorities

The company’s agenda for 2026 centers on advancing engineering, financing, and early construction:

• Engineering: Advance detailed engineering work for mine shafts and the processing plant, identified as prerequisites for securing debt financing.
• Equity Partner: Continue efforts, led by BTIG, to secure a strategic equity investor at the project level.
• Infrastructure Funding: Seek third-party financing for specific components (similarly to the power line deal), including a river barge port, a steam plant, 20 MW of construction power infrastructure that will later serve as backup capacity, and trucking services between the plant and port.
• Workforce Training: Begin comprehensive training programs in local communities to prepare workers for project-related employment.
• Construction Activities: Order long-lead equipment and progress civil works once engineering milestones and financing arrangements are met.

Looking ahead, Simpson said the project is advancing amid broader supply-chain and agricultural challenges. “With binding commitments from Brazilian agricultural leaders, support from local communities, and a world-class team in place, Brazil Potash is positioned to deliver a project of national strategic importance,” he said. “In an era of unprecedented global challenges – from conflicts affecting fertilizer supply to climate impacts on agriculture – our project represents food security infrastructure that Brazil and the world desperately need. Every day we advance toward production is a day closer to more stable, secure food supply for billions of people worldwide.”

Brazil Potash Corp. (“Company”) has paid or will pay to [] (“Publisher”), in cash, the amount of US$[1000] for marketing services, including advertisements. This ad is part of publisher-paid marketing services. Such compensation should be understood as a relevant conflict of interest in relation to the publisher’s ability to maintain impartiality.

FORWARD-LOOKING STATEMENTS
This publication contains forward-looking statements, including statements regarding the expected growth of the company and/or the industry in question and planned future milestones of the Company. The publisher notes that such statements, because they involve information different from historical data, imply risks and uncertainties that could affect the actual results of operations. Factors that may cause discrepancies include, but are not limited to: government regulations on potash production, market size and growth, short-term and long-term financing capacity, project execution, and price pressure.

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