Brazil Potash Executive Chairman Mayo Schmidt and Leadership Team Met With Amazonas State Governor, Wilson Lima, Mayor Thomé Neto, and the Mura Indigenous Council to Discuss Advancement of Autazes Potash Project
Brazil Potash (NYSE-American: GRO) announced that Executive Chairman Mayo Schmidt, CEO Matt Simpson, and Directors Brett Lynch and Peter Tagliamonte met with Amazonas State Governor Wilson Lima, Autazes Mayor Thomé Neto, and Mura Indigenous Council representatives to discuss the Autazes Potash Project's progress.
Governor Lima emphasized the state government's commitment to promoting 'Green Potash' in Autazes, located 120 kilometers from Manaus, focusing on social development and environmental conservation. The project has secured water extraction permits and a second major offtake MOU. Following the Prior Consultation process based on ILO Convention 169, the company signed a Preliminary Agreement of Cooperation with the Mura people.
The delegation also advanced discussions regarding power line construction funding and visited potential service providers. The company's strategic location in Amazonas state positions it to become the lowest-cost potash supplier to Brazilian farmers while creating local economic benefits through job creation and infrastructure development.
Brazil Potash (NYSE-American: GRO) ha annunciato che il Presidente Esecutivo Mayo Schmidt, il CEO Matt Simpson e i Direttori Brett Lynch e Peter Tagliamonte hanno incontrato il Governatore dello Stato dell'Amazonas Wilson Lima, il Sindaco di Autazes Thomé Neto e i rappresentanti del Consiglio Indigeno Mura per discutere i progressi del Progetto Potassico di Autazes.
Il Governatore Lima ha sottolineato l'impegno del governo statale nella promozione del 'Potassio Verde' ad Autazes, situata a 120 chilometri da Manaus, ponendo l'accento sullo sviluppo sociale e sulla conservazione ambientale. Il progetto ha ottenuto i permessi per l'estrazione dell'acqua e un secondo importante accordo di offerta MOU. In seguito al processo di Consultazione Preliminare basato sulla Convenzione ILO 169, l'azienda ha firmato un Accordo Preliminare di Cooperazione con il popolo Mura.
La delegazione ha inoltre avanzato le discussioni riguardanti il finanziamento della costruzione della linea elettrica e ha visitato potenziali fornitori di servizi. La posizione strategica dell'azienda nello stato dell'Amazonas la posiziona per diventare il fornitore di potassio a costo più basso per gli agricoltori brasiliani, creando al contempo benefici economici locali attraverso la creazione di posti di lavoro e lo sviluppo delle infrastrutture.
Brazil Potash (NYSE-American: GRO) anunció que el Presidente Ejecutivo Mayo Schmidt, el CEO Matt Simpson y los Directores Brett Lynch y Peter Tagliamonte se reunieron con el Gobernador del Estado de Amazonas Wilson Lima, el Alcalde de Autazes Thomé Neto y representantes del Consejo Indígena Mura para discutir el progreso del Proyecto de Potasio de Autazes.
El Gobernador Lima destacó el compromiso del gobierno estatal de promover el 'Pota-sio Verde' en Autazes, situada a 120 kilómetros de Manaus, centrando la atención en el desarrollo social y la conservación del medio ambiente. El proyecto ha asegurado permisos de extracción de agua y un segundo importante acuerdo de compra MOU. Tras el proceso de Consulta Previa basado en la Convención 169 de la OIT, la empresa firmó un Acuerdo Preliminar de Cooperación con el pueblo Mura.
La delegación también avanzó en las discusiones sobre la financiación de la construcción de la línea eléctrica y visitó proveedores de servicios potenciales. La ubicación estratégica de la empresa en el estado de Amazonas la posiciona para convertirse en el proveedor de potasio a menor costo para los agricultores brasileños, al tiempo que genera beneficios económicos locales a través de la creación de empleo y el desarrollo de infraestructuras.
브라질 포타시 (NYSE-American: GRO)가 Mayo Schmidt 집행 회장, Matt Simpson CEO, Brett Lynch 및 Peter Tagliamonte 이사가 아마존 주지사 Wilson Lima, 오타제스 시장 Thomé Neto, 그리고 무라족 원주율회 대표들과 만나 오타제스 포타슘 프로젝트의 진행 상황에 대해 논의했다고 발표했습니다.
주지사 리마는 마나우스에서 120킬로미터 떨어진 오타제스에서 '녹색 포타슘'을 홍보하기 위한 주 정부의 의지를 강조하며, 사회 발전 및 환경 보호에 중점을 두고 있다고 언급했습니다. 이 프로젝트는 물 추출 허가와 두 번째 주요 매매 양해각서를 확보했습니다. ILO 협약 169에 기반한 사전 상담 절차 뒤에, 회사는 무라족과 협력 잠정 협약을 체결했습니다.
대표단은 전력선 건설 자금 지원에 대한 논의도 진행했으며, 잠재적인 서비스 제공업체를 방문했습니다. 아마존 주에 위치한 회사의 전략적 위치는 브라질 농부들에게 가장 저렴한 포타슘 공급업체로 자리매김할 수 있게 하며, 일자리 창출과 인프라 개발을 통해 지역 경제에 기여할 것입니다.
Brazil Potash (NYSE-American: GRO) a annoncé que le président exécutif Mayo Schmidt, le PDG Matt Simpson et les directeurs Brett Lynch et Peter Tagliamonte ont rencontré le gouverneur de l'État de l'Amazonas Wilson Lima, le maire d'Autazes Thomé Neto et des représentants du Conseil indigène Mura pour discuter des progrès du projet de potasse d'Autazes.
Le gouverneur Lima a souligné l'engagement du gouvernement de l'État à promouvoir la 'Potasse Verte' à Autazes, située à 120 kilomètres de Manaus, en mettant l'accent sur le développement social et la conservation de l'environnement. Le projet a obtenu les permis d'extraction d'eau et un deuxième protocole d'accord de vente MOU. À la suite du processus de consultation préalable basé sur la Convention 169 de l'OIT, l'entreprise a signé un accord de coopération préliminaire avec le peuple Mura.
La délégation a également avancé les discussions concernant le financement de la construction de lignes électriques et a visité des fournisseurs de services potentiels. La position stratégique de l'entreprise dans l'État de l'Amazonas la positionne pour devenir le fournisseur de potasse le moins coûteux pour les agriculteurs brésiliens tout en créant des avantages économiques locaux par la création d'emplois et le développement d'infrastructures.
Brazil Potash (NYSE-American: GRO) gab bekannt, dass der Executive Chairman Mayo Schmidt, CEO Matt Simpson und die Direktoren Brett Lynch und Peter Tagliamonte sich mit dem Gouverneur des Bundesstaates Amazonas Wilson Lima, dem Bürgermeister von Autazes Thomé Neto und Vertretern des Mura-Indigenenrates getroffen haben, um den Fortschritt des Autazes-Kaliumprojekts zu besprechen.
Gouverneur Lima betonte das Engagement der Staatsregierung zur Förderung von 'Grünem Kalium' in Autazes, das 120 Kilometer von Manaus entfernt liegt, wobei der Fokus auf sozialer Entwicklung und Umweltschutz liegt. Das Projekt hat die Genehmigungen zur Wasserentnahme und eine zweite wichtige Absatzvereinbarung MOU gesichert. Nach dem Verfahren der Vorab-Konsultation auf der Grundlage des ILO-Übereinkünfte 169 unterzeichnete das Unternehmen ein Vorläufiges Kooperationsabkommen mit dem Mura-Volk.
Die Delegation führte auch Gespräche über die Finanzierung des Baus von Stromleitungen und besuchte potenzielle Dienstleister. Die strategische Lage des Unternehmens im Bundesstaat Amazonas ermöglicht es, der kostengünstigste Kaliumlieferant für brasilianische Landwirte zu werden, während gleichzeitig lokale wirtschaftliche Vorteile durch die Schaffung von Arbeitsplätzen und die Entwicklung von Infrastrukturen entstehen.
- Secured water extraction permits
- Obtained second major offtake MOU
- Signed Preliminary Agreement of Cooperation with indigenous communities
- Strategic location positions company as potential lowest-cost supplier to Brazilian farmers
- Strong government support at state and municipal levels
- None.
- Strategic Discussion with Governor Lima Reinforces State-Level Support for Important Project to Brazil's Agricultural Security
- Productive Engagements with State, Municipal and Indigenous Leadership Demonstrate Broad Community Support for Autazes Potash Project Development
- Meeting Follows Recent Strategic Advancements Including Indigenous MOU and Second Major Offtake MOU
MANAUS, Brazil, Jan. 28, 2025 (GLOBE NEWSWIRE) -- Brazil Potash Corp. (“Brazil Potash” or the “Company”) (NYSE-American: GRO), a company developing and constructing the largest potash fertilizer project in Brazil, today announced that Executive Chairman Mayo Schmidt, along with CEO Matt Simpson and Directors Brett Lynch and Peter Tagliamonte, recently met with Amazonas State Governor, Wilson Lima, Autazes Mayor Thomé Neto, and Coordinator of the Mura Indigenous Council (CIM), Kleber Mura, and representatives of the Mura villages in the municipality of Autazes, state of Amazonas, responding to an invitation from the Mura people, to discuss the Company's progress in construction of its strategic Autazes Potash Project.
Governor Wilson Lima highlighted the Amazonas State Government’s commitment to promoting ‘Green Potash’ in Autazes (120 kilometers from Manaus), combined with social development and environmental conservation. “We are willing to provide full support for the implementation of the potash exploration project in Autazes. In addition to the economic aspect of making the state of Amazonas a powerhouse in fertilizer production, our main objective is to promote social development, generating jobs, ensuring environmental preservation and dialoguing with the indigenous people.”
Find out more at: https://www.agenciaamazonas.am.gov.br/noticias/governador-wilson-lima-reafirma-compromisso-para-desenvolvimento-social-e-economico-pelo-potassio-verde-em-autazes/
“Our meeting with Governor Lima, Mayor Thomé Neto, and the Mura Indigenous Council reinforces the strategic importance of the Autazes Potash Project to both Brazil's agricultural sector and global food security,” said Mayo Schmidt, Executive Chairman of Brazil Potash. “Having spent decades building world-class agricultural businesses, including my roles as Chairman and CEO of Nutrien and CEO of Viterra, I see tremendous potential in Brazil Potash's ability to establish a crucial domestic supply of potash for Brazil's agricultural sector and reduce reliance on foreign imports. With our recent achievements, including securing water extraction permits, a second major offtake MOU, and advancing our partnerships with local indigenous communities, we are well-positioned to advance construction of this strategic asset for Brazil's agricultural sector.”
“We appreciate the continued support from state and municipal government, and the excellent relationship we have developed with the Mura Indigenous Council as we advance construction of what we believe will be Brazil's premier domestic potash operation,” said Matt Simpson, CEO of Brazil Potash. And he added “After the conclusion of the Prior Consultation, which strictly followed the Mura Consultation Protocol, developed based on ILO Convention 169, our relationship with the Mura people was established in a positive and constructive way. This dialogue resulted in the signing of a Preliminary Agreement of Cooperation, which reaffirms Brazil Potash's commitment to respecting the culture, rights and development of the indigenous communities involved.”
“Our strategic location in Amazonas state positions us to become the lowest-cost supplier to Brazilian farmers while creating significant local economic benefits through job creation and development of supporting infrastructure,” Mr. Simpson completed.
The Brazil Potash delegation's agenda in Manaus and Autazes, state of Amazonas, was coordinated by the president of our subsidiary in Brazil, Potássio do Brasil Ltda., Adriano Espeschit, who led the Company's leadership team on meetings with local investors and visits to potential service providers who could contribute to the progress of the Autazes Potash Project. In addition, currently ongoing conversations with groups regarding the funding for construction of the power line that will support the Project were advanced.
In Autazes, the delegation flew over the area where the Autazes Potash Project is being built and visited Casa da Luz da Infância — a non-profit entity that carries out very impactful social assistance work focused on supporting the development of underprivileged children in the municipality; Potássio do Brasil Ltda. has provided funding support to this agency since 2014.
About Brazil Potash
Brazil Potash (NYSE-American: GRO) (www.brazilpotash.com) is developing Brazil’s largest potash project that will 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 is vulnerable as it imported over
Cautionary Note Regarding Forward-Looking Statements
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 potential outcomes following meetings with Brazilian government officials and the indigenous community representatives, 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, 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
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