Brazil Potash Corp. has announced its 2025 achievements and outlined its strategic priorities for 2026 as it advances the Autazes Potash Project towards full construction.
"2025 has been a transformative year for Brazil Potash, marked by progress across commercial, financial, operational, and community initiatives," said Matt Simpson, CEO of Brazil Potash. "We have secured binding commitments for over 90% of our planned production, strengthened our world-class Board and leadership team, advanced critical site preparation activities, and deepened our partnerships with local communities including the Mura indigenous people. As we enter 2026, we are laser-focused on completing engineering, securing construction financing, and advancing toward full scale construction of this strategically important project for Brazil's agricultural independence."
2025 key achievements
Commercial milestones
Secured two major offtake agreements with Keytrade and Kimia Solutions, bringing total committed sales to approximately 91% through binding take-or-pay contracts ranging in tenor from 10 - 17 years.
Launched Brazilian Depositary Receipts (BDRs) on B3 Exchange, providing domestic investors direct access to participate in Brazil's fertilizer independence.
Leadership and governance enhancement
Appointed Mayo Schmidt as Executive Chairman; Mayo was previously the Chairman and CEO of Nutrien.
Named Sergio Leite as President of Potássio do Brasil, bringing a proven track record in raising multi-billion-dollar funding and successfully delivering large scale projects.
Strengthened the Board with the addition of Christian Joerg; bringing 30+ years of global agricultural commodities expertise including extensive Middle East experience.
Expanded the Advisory Board with Marcelo Lessa, former IFC/World Bank executive with extensive project financing experience.
Construction and operations progress
Completed vegetation management and site preparation at both the future plant site and port terminal.
Launched archaeological monitoring and heritage education programmes.
Signed a memorandum of understanding (MoU) with Fictor Energia for ~US$200 million power line construction funding, removing this cost from project CAPEX.
Financial and strategic initiatives
Raised US$28 million through private placement with institutional investors.
Established US$75 million equity line of credit with Alumni Capital for flexible funding.
Mandated BTIG to lead project-level equity financing to minimise shareholder dilution.
Engaged multiple development finance institutions (DFIs), export credit agencies (ECAs), and commercial banks for construction debt discussions and hosted site visits.
Community and sustainability
Strengthened relationships with Mura indigenous communities and initiated Impact Benefit Agreement discussions.
Signed 13 MoUs for training programmes to prepare local workforce for construction and operations employment.
Advanced fauna rescue and environmental management programmes in full compliance with regulatory requirements.
2026 strategic priorities
The company has identified the following key objectives for 2026:
Advance engineering: advance engineering for mine shafts (critical path) and processing plant as prerequisites for debt financing.
Source anchor equity investment: advance process to secure strategic equity partner at project level to fund construction while minimising dilution to existing shareholders.
Optimise infrastructure funding: pursue third-party financing arrangements for discrete project components potentially including:
- River barge port facility.
- Steam plant operations.
- 20MW construction power infrastructure (converting to backup power for operations) .
- Trucking services from plant to port.
Community development: launch comprehensive training programmes in local communities to maximise employment opportunities during construction and operations phases.
Advance construction: subject to funding, order certain long-lead equipment items and progress civil works at site following engineering completion and financing arrangements.
"With binding offtake commitments from Brazilian agricultural leaders, support from local communities, and a world-class team in place, Brazil Potash is positioned to deliver a project of national strategic importance," added Simpson. "In an era of unprecedented global challenges – from conflicts affecting fertilizer supplies to climate impacts on agriculture – our project represents food security infrastructure that Brazil and the world desperately need. Every day we advance toward production is a day closer to more stable, secure food supplies for people worldwide.”