Brazil Potash Corp., a mineral exploration and development company with a critical mineral potash mining project, the Autazes Project, has announced it has appointed BTIG, LLC as its lead financial advisor to secure an equity investment at the project level to fund construction of the Project.
Under the mandate, BTIG will attempt to identify and engage new strategic partners to invest directly at the project entity level. This structure enables Brazil Potash to ideally secure substantial construction funding at the project entity level with less direct dilution on existing shareholders.
"Engaging BTIG represents an important step forward as we advance toward construction of the Autazes Project," said Matt Simpson, CEO of Brazil Potash. "If successful, this asset-level financing approach will allow us to bring in new strategic partners at the project level to fund a significant portion of our construction requirements while maintaining our commitment to existing shareholders. BTIG's mandate covers international markets, complementing our ongoing discussions with select strategic parties in Brazil, China and select other regions where we have existing relationships, ensuring we pursue all available financing pathways efficiently. BTIG's deep expertise in the chemicals, minerals, and natural resources sectors and extensive global network make them the ideal partner to help us secure the capital required to bring this world-class potash project into production."
The company continues to explore additional pathways to optimise its capital structure, including similar carve-out opportunities for discrete project components as demonstrated by the recent Fictor Energia partnership for power transmission infrastructure.