Argentina Potash Corp., an exploration and development company focused on the responsible development of potash resources in Argentina, has announced that the US International Development Finance Corp. (DFC) has approved US$4.07 million in project development funding for its flagship El Ceibo Potash Project in the Neuque´n Basin.
This landmark transaction represents the first DFC Project Development funding awarded in Argentina. It is also the first project to directly align with the US-Argentina Critical Minerals Framework Agreement signed in February 2026, following the designation of potash as a US critical mineral in November 2025.
The US$4.07 million DFC funding is expected to be matched dollar-for-dollar by strategic investors, resulting in total Phase 1 funding of US$8.15 million. These proceeds will advance technical studies, environmental, and social impact assessments (ESIA), and pre-feasibility work, accelerating the company’s path toward construction of a 50 000 tpy Demonstration Plant – a critical milestone on the road to full scale commercial production of 1 million tpy of muriate of potash (MOP).
At commercial scale, El Ceibo would rank among the most significant potash development projects in the Western Hemisphere.
Dr Chris Cornelius, Chairman and CEO of Argentina Potash Corp., commented: “This DFC partnership marks a pivotal step forward for the El Ceibo Project and our vision for the Southern Cone. The project is positioned to become a meaningful new source of potash for the Western Hemisphere, supporting long- term agricultural productivity across Argentina, Brazil, Uruguay, and Paraguay. We are excited to advance this important initiative alongside the DFC and our strategic partners.”
The company is targeting a listing on the NYSE American in early 2027 under the ticker symbol KCL.
Project overview
El Ceibo hosts an inferred mineral resource of 1606 million t of sylvinite containing an estimated 391 million t of potassium chloride (KCl), making it one of the largest defined potash deposits in South America. Strategically located near existing infrastructure in Argentina’s Neuque´n Basin, the project is well positioned to serve the agricultural heartlands of the Southern Cone.
The company plans to utilise horizontal drilling and selective solution mining techniques designed to minimise surface disturbance, water consumption, and overall environmental impact.