Brazil Potash Advances Autazes Project Construction With Signing of Fauna Rescue Contract

Rhea-AI Summary

Brazil Potash (NYSE-American: GRO) has reached a significant environmental milestone for its Autazes Potash Project by awarding a fauna rescue contract to Ecology Suporte Ambiental e Engenharia. The agreement follows February's vegetation suppression approval and enables further site preparation activities.

The contract encompasses comprehensive fauna management operations, ensuring compliance with environmental authorizations from the Amazonas Environmental Protection Institute (IPAAM). Specialized teams will identify, collect, and relocate native wildlife to appropriate habitats during the construction process.

The initial phase will prioritize fauna management in the mine, road, and port sections, later expanding to other areas including the processing plant. All activities will align with Brazil Potash's environmental management program.

Positive

• Achieved key environmental milestone enabling construction progress
• Secured necessary regulatory compliance for project advancement
• Systematic expansion of project development across multiple areas (mine, road, port, processing plant)

Negative

• None.

Insights

Mining Development Analyst

Brazil Potash's fauna rescue contract represents a sequential milestone in the company's steady advancement toward construction of its Autazes Potash Project. Following February's vegetation suppression approval, this environmental compliance step enables critical site preparation work to continue in priority areas including the mine, road, and port sections.

While procedural in nature, this development demonstrates Brazil Potash is methodically clearing regulatory hurdles in Brazil's environmentally sensitive Amazon region - a crucial consideration for mining projects where permitting delays often cause significant setbacks. The timeline progression suggests the company is maintaining momentum through Brazil's complex permitting process.

The selection of Ecology Suporte, a firm with established regional expertise, reflects appropriate prioritization of environmental compliance and biodiversity conservation. This focus on proper environmental management aligns with ESG considerations essential for maintaining social license to operate in the region.

For investors, this represents incremental progress rather than a transformative development. The update confirms continued project advancement but provides no financial details, timeline acceleration information, or material changes to project economics. The Autazes Project maintains strategic importance for Brazilian agriculture, potentially reducing the country's 95% dependency on potash imports, but this particular milestone primarily confirms the project remains on its expected development path rather than signaling a fundamental change to value creation timelines.

• Strategic environmental milestone enables further site preparation for the Autazes Potash Project
• Contract awarded to experienced Amazonian environmental services firm Ecology Suporte Ambiental e Engenharia with focus on local employment

MANAUS, Brazil, April 15, 2025 (GLOBE NEWSWIRE) -- Brazil Potash Corp. ("Brazil Potash" or the "Company") (NYSE-American: GRO), a mineral exploration and development company with a potash mining project, the Autazes Project, today announced that its subsidiary Potássio do Brasil Ltda. has awarded a contract for fauna rescue services to Ecology Suporte Ambiental e Engenharia ("Ecology Suporte").

This contract represents a critical environmental milestone that advances the Autazes Potash Project toward construction, following the February approval for vegetation suppression activities announced previously.

The agreement covers comprehensive fauna management activities required prior to vegetation modification in designated project areas, in full compliance with environmental authorizations granted by the Amazonas Environmental Protection Institute (IPAAM). Specialized teams will identify, collect, and safely relocate native wildlife to suitable habitats, ensuring biodiversity conservation throughout the construction process.

"This contract marks another significant step forward in our responsible development of the Autazes Project," said Adriano Espeschit, President of Potássio do Brasil. "Ecology Suporte has extensive experience serving both public and private sector clients across the Amazon region, and we're confident they will ensure these critical activities are conducted with the highest standards of care and compliance."

The initial phase will focus on fauna management in priority areas including the mine, road, and port sections, followed by work in other project areas including the processing plant. All activities will be conducted according to detailed service orders aligned with Brazil Potash's comprehensive environmental management program.

About Brazil Potash

Brazil Potash (NYSE-American: GRO) (www.brazilpotash.com) is developing the Autazes Project to supply sustainable fertilizers to one of the world’s largest agricultural exporters. Brazil is critical for global food security as the country has amongst the highest amounts of fresh water, arable land, and an ideal climate for year-round crop growth, but it is vulnerable as it imported over 95% of its potash fertilizer in 2021, despite having what is anticipated to be one of the world’s largest undeveloped potash basins in its own backyard. The potash produced will be transported primarily using low-cost river barges on an inland river system in partnership with Amaggi (www.amaggi.com.br), one of Brazil’s largest farmers and logistical operators of agricultural products. With an initial planned annual potash production of up to 2.4 million tons per year, Brazil Potash’s management believes it could potentially supply approximately 20% of the current potash demand in Brazil. Management anticipates 100% of Brazil Potash’s production will be sold domestically to reduce Brazil’s reliance on potash imports while concurrently mitigating approximately 1.4 million tons per year of GHG emissions.

Forward-Looking Statements Disclaimer

This press release includes forward-looking statements, which are statements that are not historical facts. Words such as “expects”, “anticipates” “believes” and “intends” or similar expressions are intended to identify forward-looking statements. Such forward-looking statements, including statements relating to the fauna rescue contract, the Autazes Project, the planned production of potash, the benefits of the Autazes Project, and the Brazil’s agricultural industry are subject to risks and uncertainties, many of which are beyond the control of the Company, including those described in the “Risk Factors” section of the Company’s annual report on Form 20-F for the fiscal year ended December 31, 2024, and the supplemented PREP prospectus filed in each of the provinces and territories of Canada, other than Québec. Readers are cautioned not to place undue reliance on any of these forward-looking statements. These forward-looking statements speak only as of the date hereof. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based, unless required by law.

Contact:
Brazil Potash Investor Relations
info@brazilpotash.com

FAQ

What is the significance of Brazil Potash's (GRO) fauna rescue contract for the Autazes Project?

The contract is a critical environmental milestone enabling site preparation and construction progress, ensuring wildlife protection and compliance with IPAAM regulations.

Which company will handle fauna management for Brazil Potash's (GRO) Autazes Project?

Ecology Suporte Ambiental e Engenharia, an experienced Amazonian environmental services firm, will manage fauna rescue operations.

What areas will be covered in the initial phase of GRO's fauna management program?

The initial phase will focus on the mine, road, and port sections, followed by the processing plant area.

How does the fauna rescue contract relate to GRO's February 2025 vegetation suppression approval?

The contract follows and complements the February vegetation suppression approval, representing the next step in environmental compliance for construction preparation.