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Brazil Potash (NYSE-American: GRO) has signed a memorandum of understanding (MOU) with Keytrade AG for potential offtake of up to one million tons per year of potash from its Autazes Potash Project. This agreement marks the company's second major potential partnership, following an existing offtake agreement with AMAGGI.
The combined potential commitments now total approximately 1.5 million tons of the company's planned 2.4 million tons of annual potash production. This development strengthens Brazil Potash's position as an emerging domestic supplier for Brazilian agriculture and provides foundational support for project financing.
Brazil Potash (NYSE-American: GRO) announced the signing of a Preliminary Cooperation Agreement with the Mura Indigenous Council (CIM) of Autazes for its Autazes Potash Project. The agreement, signed through subsidiary Potássio do Brasil, follows the project's approval by Mura Indigenous Communities in September 2023.
The agreement establishes a framework for collaboration that includes implementing the 'Plano Bem Viver Mura' sustainable development program, investing in social and cultural development initiatives for indigenous villages, and committing to socioeconomic and environmental programs aligned with current licensing requirements.
The agreement was developed according to Mura People's requirements and follows extensive community engagement led by CIM, the official representative body of the Mura People of Autazes.
Brazil Potash (NYSE-American: GRO), a developer of Brazil's largest potash fertilizer project, has announced its upcoming presentation at the Emerging Growth Conference on Wednesday, January 15, 2025, at 9:40 AM ET.
The company's CEO Matt Simpson and Executive Chairman Mayo Schmidt will lead the interactive presentation, which is open to individual and institutional investors, advisors, and analysts. Interested parties can register through the company's investor relations website at https://ir.brazilpotash.com.
A replay of the webcast will be available on both the company's website and the Emerging Growth YouTube Channel. Participants can submit questions in advance to Questions@EmergingGrowth.com or during the live event.
Brazil Potash (NYSE-American: GRO) has appointed Christian Joerg to its Board of Directors, effective immediately. Joerg brings over 30 years of experience in agricultural commodities, international trade, agriculture finance, and food security throughout Africa and the Middle East.
Currently serving as CEO of VA Intertrading Aktiengesellschaft (VAIT), Austria's leading trading company, Joerg previously held key positions including Vice President of Trade at SALIC, CEO of MAG Commodities, VP and Managing Director for Viterra's Europe, Middle East and Africa operations, Executive Director at UBS, and VP at SGS.
The appointment aims to strengthen the board as the company advances the construction of the Autazes Potash Project, which is set to become Brazil's largest potash fertilizer project.
Brazil Potash (NYSE American: GRO) has received two water resource operating licenses from IPAAM for its Autazes Potash Project in Brazil. These licenses convert previously granted Installation Licenses into operational permits, allowing the company to operate two deep water wells that will provide potable water for both construction and operational phases of the project.
The water supply system is strategically divided between the processing plant area and port facilities, located approximately 8 kilometers apart. The deep wells, situated within the plant site boundaries, have been independently tested and confirmed to meet all regulatory requirements for both water quality and quantity, including sustainable usage parameters.
Brazil Potash (NYSE-American: GRO) announced it will ring the Opening Bell at the New York Stock Exchange on December 18, 2024, celebrating its recent NYSE American listing. The company, focused on developing a potash mining project in Amazonas, Brazil, aims to address global food security needs through its Autazes Project. CEO Matt Simpson highlighted the company's construction-ready status and stakeholder support, emphasizing their goal to develop domestic potash supply for Brazil's agricultural sector while pursuing agricultural self-sufficiency.
Brazil Potash Corp. (NYSE-American: GRO) has appointed Mayo Schmidt as Executive Chairman of its Board of Directors, effective January 6, 2025. Schmidt, former Chairman and CEO of Nutrien , brings extensive experience in global agriculture and fertilizer manufacturing. He replaces Stan Bharti, who will transition to Chairman of the Company's Advisory Board.
The appointment follows Brazil Potash's recent NYSE American listing and aligns with the company's progress toward constructing its Autazes Potash Project. Schmidt's career highlights include leading Nutrien ($34B market cap), overseeing Hydro One's IPO with $250M in cost reductions, and transforming Viterra Inc. into a $7.3B global His experience spans roles at major companies including General Mills and ConAgra.
Brazil Potash (NYSE-American: GRO) has announced an upcoming investor webcast scheduled for 5 PM ET on Monday, December 16, 2024. The company, an exploration and development entity operating under Ontario, Canada laws, focuses on a potash mining project in Amazonas, Brazil.
Investors and interested parties can access the webcast through the Investor Relations section of Brazil Potash's website at https://ir.brazilpotash.com.
Brazil Potash has successfully completed its Initial Public Offering (IPO) of 2,000,000 common shares at US$15.00 per share, raising gross proceeds of US$30.0 million. The company began trading on NYSE American under symbol GRO on November 27, 2024. The underwriters have a 30-day option to purchase up to 300,000 additional shares. Proceeds will fund pre-operation development expenses, current liabilities, and working capital, including environmental licensing, engineering, procurement, construction, and obtaining necessary permits for the Autazes Project.
Brazil Potash Corp has announced the pricing of its Initial Public Offering of 2,000,000 common shares at $15.00 per share, expecting to raise approximately $30.0 million in gross proceeds. The company will begin trading on the NYSE American under the symbol GRO on November 27, 2024. Underwriters have been granted a 30-day option to purchase up to 300,000 additional shares for over-allotments. The IPO is expected to close on November 29, 2024, with underwriters receiving warrants exercisable at 130% of the IPO price for 5% of total shares sold.
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