Brazil Potash Awards Vegetation Management Contract for Autazes Project Site Preparation

Rhea-AI Summary

Brazil Potash (NYSE-American: GRO) has announced a significant milestone in its Autazes Potash Project development, awarding a vegetation management contract to GRS Ambiental e Logística for site preparation. The contract encompasses ground preparation, transportation, and materials management activities.

The work will be executed through service orders aligned with Brazil Potash's environmental management program. GRS, an Autazes-based firm with experience across Amazonas, Pará, and Mato Grosso states, will initially focus on vegetation management in the mine, road, port, and processing plant areas.

All activities will be conducted in compliance with environmental licenses approved by the Amazonas Environmental Protection Institute (IPAAM). The project will employ a 22-person team, prioritizing local labor from Autazes and surrounding areas.

Positive

• Strategic advancement in developing Brazil's largest potash fertilizer project
• Local contractor engagement supporting community employment
• All necessary environmental licenses obtained for project areas

Negative

• None.

• Critical milestone for site preparation at Brazil's largest potash project
• Environmental compliance maintained through IPAAM-approved processes
• Strategic advancement toward Brazil's agricultural supply security
  

MANAUS, Brazil, March 24, 2025 (GLOBE NEWSWIRE) -- Brazil Potash Corp. (“Brazil Potash” or the “Company”) (NYSE-American: GRO), a developer and builder of Brazil’s largest potash fertilizer project, through its subsidiary Potássio do Brasil Ltda. (“Potássio do Brasil”), today announced the signing of a key vegetation management contract for site preparation at its Autazes Potash Project in Amazonas state. The contract covers critical ground preparation activities, transportation, and materials management required to advance the project toward construction.

Work will be executed through a series of service orders that will authorize various work fronts based on Brazil Potash's comprehensive environmental management program. Each order will detail the activities, areas involved, and physical and financial schedule for that stage of work.

The contract has been awarded to GRS Ambiental e Logística (GRS), an Autazes-based firm with extensive experience in environmental management across Amazonas, Pará, and Mato Grosso states. GRS has successfully served numerous notable corporate clients, various municipal agencies and construction firms throughout Brazil. The company's technical team brings significant expertise in vegetation management, environmental activities, sanitation, equipment rental, and land preparation.

The initial service order will focus on vegetation management in the mine, road, port, and processing plant areas. All vegetation management activities on low-growth farm ground are being conducted in full compliance with the project's approved environmental licenses, which have been reviewed and authorized by the Amazonas Environmental Protection Institute (IPAAM) through Specific Environmental Licenses for all project areas.

"This contract represents another significant step forward in the development of the Autazes Project," said Adriano Espeschit, President of Potássio do Brasil. "We're particularly pleased to engage a local contractor with a commitment to hire from within the community. The 22-person team will prioritize local labor, creating important economic opportunities for residents of Autazes and surrounding areas."

About Brazil Potash

Brazil Potash (NYSE-American: GRO) (www.brazilpotash.com) is developing Brazil’s largest potash 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 vegetation management and its benefits for the local community, the planned construction of the Autazes Project, the benefits of the Autazes Project and the creation of local jobs 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 registration statement on Form F-1, as amended, for the IPO filed with the SEC in connection with the IPO, 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 scope of GRO's vegetation management contract for the Autazes Project?

The contract covers ground preparation, transportation, and materials management for the mine, road, port, and processing plant areas, executed through specific service orders.

How will Brazil Potash (GRO) ensure environmental compliance in the Autazes Project?

All vegetation management activities will comply with IPAAM-approved environmental licenses through Specific Environmental Licenses for all project areas.

What local economic impact will GRO's Autazes Project have?

The project will create employment opportunities through a 22-person team, prioritizing hiring from Autazes and surrounding communities.

Who is the contractor selected for GRO's Autazes Project site preparation?

GRS Ambiental e Logística, an Autazes-based firm with experience across Amazonas, Pará, and Mato Grosso states.