Key Takeaways
- Brazil Potash secured binding commitments for approximately 91% of planned production through long-term take-or-pay offtake agreements.
- The company strengthened its leadership team with senior executives and advisors from Nutrien, the IFC/World Bank, and global commodities markets.
- Key site preparation milestones were completed for the Autazes Potash Project, including vegetation management, port terminal preparation, and environmental programs.
- Financial developments included USD 28 million raised through a private placement and a USD 75 million equity line of credit, alongside active DFI and ECA engagement for construction debt.
- Strategic priorities for 2026 include completing engineering, securing project-level equity, optimizing infrastructure financing, and advancing civil works toward full-scale construction.
Brazil Potash Reports Strong 2025 Progress and Outlines 2026 Roadmap
Advancing the Autazes Potash Project Toward Construction
Brazil Potash Corp. announced significant progress across commercial, financial, operational, and community initiatives throughout 2025, positioning the Autazes Potash Project for full construction readiness in the year ahead. CEO Matt Simpson described the year as “transformative,” with developments across offtake contracting, leadership expansion, site preparation, and community partnerships.
“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,” Simpson said. “As we enter 2026, we are laser-focused on completing engineering, securing construction financing, and advancing toward full-scale construction.”
2025 Key Achievements
Commercial Progress and Market Development
Brazil Potash finalized its remaining major offtake agreements in 2025, signing long-term take-or-pay contracts with Keytrade and Kimia Solutions. With tenors ranging from 10 to 17 years, these agreements bring total committed sales to approximately 91% of planned production.
The company also launched Brazilian Depositary Receipts (BDRs) on the B3 Exchange, offering domestic investors direct participation in Brazil’s fertilizer independence strategy.
Leadership and Governance Expansion
Brazil Potash enhanced its executive and advisory teams with several high-profile appointments:
- Mayo Schmidt, former Chairman & CEO of Nutrien, named Executive Chairman
- Sergio Leite, with extensive project financing and execution experience, appointed President of Potássio do Brasil
- Christian Joerg joined the Board, bringing over 30 years of global agricultural commodities expertise
- Marcelo Lessa, former IFC/World Bank executive, added to the Advisory Board
Construction and Site Preparation Advancements
In preparation for full construction, the company completed:
- Vegetation management and preparation at the plant and port terminal sites
- Archaeological monitoring and heritage education programs
- An MOU with Fictor Energia for approximately USD 200 million in power line construction funding, removing this component from project capital expenditures
Financial Developments and Capital Structure
Brazil Potash reported strong financial progress, including:
- USD 28 million raised through a private placement
- A USD 75 million equity line of credit established with Alumni Capital
- Engagement with DFIs, ECAs, and major commercial banks for construction debt
- Appointment of BTIG to lead project-level equity financing to minimize dilution
Community Partnerships and Sustainability Programs
The company strengthened relationships with Mura indigenous communities and initiated discussions for an Impact Benefit Agreement. Additional initiatives included:
- 13 MOUs for workforce training
- Fauna rescue and environmental management programs aligned with regulatory requirements
2026 Strategic Priorities For Brazil Potash
Brazil Potash outlined key objectives for the year ahead:
Engineering Completion
Advance engineering for mine shafts and the processing plant—critical prerequisites for securing construction financing.
Anchor Equity Investment
Progress efforts to secure a strategic equity partner at the project level to support construction while minimizing shareholder dilution.
Optimized Infrastructure Financing
Pursue third-party funding for discrete components, including:
- River barge port facility
- Steam plant operations
- 20MW construction power infrastructure (later converted to backup power)
- Trucking and logistics between plant and port
Community Training and Employment
Launch comprehensive workforce development programs to maximize local employment during construction and operations.
Advancing Civil Works
Subject to financing, order long-lead equipment and progress civil construction following engineering completion.
Positioning Brazil for Fertilizer Independence With Brazil Potash
“With binding offtake 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,” Simpson said. “In an era of global supply chain disruption and climate impacts, our project represents food security infrastructure that Brazil and the world need.”
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