FULL DISCLOSURE: This is sponsored content for Brazil Potash.
Brazil Potash (NYSE: GRO) continues to advance the development of its flagship Autazes Project in Brazil. The company this morning indicated that it has successfully completed site preparation work for the future port terminal for the project.
“The completion of site preparation for the port terminal at the Autazes Project is another key milestone showcasing our comprehensive and assertive approach toward providing a new domestic potash source for the Brazilian agricultural market,” commented Matt Simpson, CEO of Brazil Potash.
Autazes is strategically located within the states of Amazonas, is found just five miles from the Madeira River, which is a major waterway in the region. Brazil Potash intends to utilize the river for easy shipment of potash from their deposits to farmers in the country.
The strategic location is capable of reducing freight time for farmers from an average of 107 days from time of purchase to just 2.5 days, given the fact that the country is 98% reliant on imports to meet potash needs.
Brazil Potash’s Autazes potash project, once operational, is expected to have a 23 year mine life, producing 2.4 million short tons of potash a year at one of the lowest costs in the country. The final product is expected to be sold locally, with Brazil accounting for 22% of global demand for potash, while producing less than 1% of the global supply. The project is expected to produce run-rate EBITDA of US$1 billion a year based on current estimates.
Brazil Potash last traded at $1.30 on the NYSE.
FULL DISCLOSURE: Pursuant to an agreement between 2686362 Ontario Corp (“268”) and Brazil Potash Corp, 268 has been paid $50,000 + GST by Brazil Potash for a period from January 10, 2025 to April 10, 2025. We may buy or sell additional shares of Brazil Potash Corp in the open market at any time, including before, during or after the agreement, to provide public dissemination of favorable information about Brazil Potash Corp.
