Brazil Potash Year to Date Summary: Company Achieves Milestones, Advancing Strategic Autazes Project Further Towards Construction
Achievements Include Commercial Agreements, World-Class Board Appointments, Construction Progress, and Enhanced Capital Access
Management to Attend Wells Fargo Industrials Conference on June 10, 2025, in Chicago
MANAUS, Brazil, June 02, 2025 (GLOBE NEWSWIRE) -- Brazil Potash Corp. ("Brazil Potash" or the "Company") (NYSE-American: GRO), a mineral exploration and development company with a critical mineral potash mining project, the Autazes Project, provides a summary of significant year-to-date achievements across governance, commercial, operational, and financial initiatives as it progresses toward construction of the strategic Autazes Potash Project. The Company will discuss these accomplishments with investors at the Wells Fargo Industrials Conference on June 10, 2025, in Chicago, Illinois.
"Year to date 2025 has demonstrated exceptional momentum for Brazil Potash as we continue to achieve key milestones to bring this transformative project to production," said Matt Simpson, Chief Executive Officer of Brazil Potash. "From strengthening our board with world-class industry leaders to securing commercial partnerships and advancing construction activities, we've made substantial progress across all fronts. Looking ahead, we're excited about several anticipated milestones including finalizing additional offtake agreements, advancing our power line financing structure, and continuing early works construction. With Brazil importing over 98% of its potash needs, our project represents a potential strategic solution for the country's agricultural security while creating substantial value for our shareholders."
2025 Strategic Milestones Achieved:
Commercial & Government Relations Progress
Signed MOU with Keytrade AG for potential offtake of up to one million tons per year, advancing toward approximately 1.5 million tons of committed production.
Strengthened government relations through strategic meetings with Amazonas State Governor Wilson Lima and the Mura Indigenous Council.
Launched Brazilian Depositary Receipts (BDRs) on B3 Exchange, providing domestic investors direct access to participate in Brazil's fertilizer independence.
Governance & Leadership Enhancement
Appointed Mayo Schmidt as Executive Chairman (January 2025), former Chairman and CEO of Nutrien, the world's largest fertilizer company.
Added Christian Joerg to the Board of Directors, contributing three decades of agricultural commodities and international trade finance experience.
Expanded Advisory Board with Marcelo Lessa, former IFC/World Bank executive with extensive project financing expertise.
Autazes Potash Project Construction & Operational Advancement
Received approval to begin fauna rescue and vegetation suppression activities, enabling subsequent shaft sinking operations.
Completed site preparation work at the future port terminal, a critical infrastructure milestone.
Converted water extraction installation licenses to full operational permits, securing water supply for construction and operations.
Enhanced Capital Access
Established $75 million equity line of credit with Alumni Capital, providing flexible funding for project advancement.
About Brazil Potash
Brazil Potash (NYSE-American: GRO) (www.brazilpotash.com) is developing the Autazes 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
All statements, other than statements of historical fact, contained in this press release constitute "forward-looking statements" and are based on the reasonable expectations, estimates and projections of the Company as of the date of this press release. The words "plans," "expects," or "does not expect," "is expected," "budget," "scheduled," "estimates," "forecasts," "intends," "anticipates," or "does not anticipate," or "believes," or variations of such words and phrases or statements that certain actions, events or results "may," "could," "would," "might," or "will be taken," "occur" or "be achieved" and similar expressions identify forward-looking statements. Forward-looking statements include, without limitation, statements regarding the advancement of the Autazes Project; the impact of various accomplishments and contracts; construction and operational advancement; government relations progress; trading of BDRs on B3; the status of the Company's project, government regulation and environmental regulation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The Company disclaims any intention or obligation to update or revise any forward-looking statements, except to the extent required by applicable law. The reader is cautioned not to place undue reliance on forward-looking statements.
Contact:Brazil Potash Investor Relationsinfo@brazilpotash.comSign in to access your portfolio
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
37 minutes ago
- Yahoo
Why IonQ Stock Soared 47% in May
IonQ shares soared last month as the CEO compared it to Nvidia. The company also got a boost from its first-quarter earnings report and its acquisition of Lightsynq. Trading at a lofty price-to-sales ratio of over 100, the stock could easily fall from here. 10 stocks we like better than IonQ › Shares of IonQ (NYSE: IONQ), a developer of quantum computers and related platforms, were soaring last month, primarily in response to favorable coverage in Barron's, and an article that said it was aiming to be "the Nvidia of quantum computing." Additionally, the company reported first-quarter earnings that were generally in line with estimates and benefited from a broader risk-on sentiment in the market as worries about a trade war and a weakening economy faded. According to data from S&P Global Market Intelligence, the stock finished the month up 47%. As you can see from the chart, shares surged on the Barron's report on May 22, but then gave up some of those gains the following week as bullishness in the stock seemed to fade following an Nvidia's earnings report that did not highlight quantum computing. Quantum stocks generally rallied last month, as some investors bet that it could be the next big technology after artificial intelligence (AI), but IonQ, which is the most valuable of the group of quantum stocks, got a particular boost on May 22 thanks to the coverage in Barron's, as IonQ soared 37% that day. In an interview with Barron's, CEO Niccolo de Masi said, "We're in the business of quantum just like Nvidia and Broadcom are in the business of classical GPUs," adding, "I believe IonQ will be the Nvidia player. There will be other people that copy us and follow us; they have always copied and followed us." It was a bold statement coming from a company that earlier in May reported just $7.6 million in revenue in its first quarter, or less than 0.1% of what Nvidia and Broadcom reported. IonQ also continues to lose money as it invests in its technology. In the first quarter, the company reported a generally accepted accounting principles (GAAP) net loss of $32.3 million, and an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) loss of $35.8 million. Last month, the company also signed a memorandum of understanding (MOU) with Korea Institute of Science and Technology (KISTI), a technology research institute and supercomputing center. According to the MOU, the two companies will work together to collaborate in multiple areas to advance quantum computing. IonQ is now targeting revenue of $75 million-$95 million for the full year following its acquisition of Lightsynq, though justifying a market cap of $10 billion at that level of revenue seems difficult, especially when the company reported flat growth in the first quarter. Investors bullish on quantum computing might consider taking a small position in the stock, but it could easily plunge, considering it's been bid up on mostly hype. Before you buy stock in IonQ, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and IonQ wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $651,049!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $828,224!* Now, it's worth noting Stock Advisor's total average return is 979% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Jeremy Bowman has positions in Broadcom and Nvidia. The Motley Fool has positions in and recommends Nvidia. The Motley Fool recommends Broadcom. The Motley Fool has a disclosure policy. Why IonQ Stock Soared 47% in May was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
40 minutes ago
- Yahoo
A 21-year-old asked his grandmother for money to open a street-food stall. Now, it's the world's largest fast-food chain, eclipsing McDonald's
It may surprise you to learn that the world's largest fast-food chain isn't an American staple like McDonald's or Starbucks. It's actually Mixue, an ice cream and boba shop founded in 1997 that has exploded in popularity in China and throughout Asia. Zhang Hongchao was a university student when he created the first Mixue stall; now he's a billionaire. McDonald's was founded 85 years ago in San Bernardino, Calif. It's the world's second-largest private employer—behind only Walmart, No. 1 on the Fortune 500 again this year—and has over 40,000 locations worldwide. Yet, McDonald's still falls behind one company in terms of footprint: Mixue Ice Cream & Tea. Mixue, as of March, is currently the world's largest fast-food chain by store locations, with over 46,000 sites across Asia, Australia, the Middle East, and South America. Roughly 40,000 of its total locations exist in mainland China, meaning the company has even more room to run globally. And the company's performed well since its March debut on Hong Kong's stock exchange, soaring from its opening price of $290 HKD per share to $584.50 HKD as of Monday morning. Zhang Hongchao probably didn't expect to be the founder of such a behemoth when he opened his first street-food stall 28 years ago. Zhang was attending the Henan University of Economics and Law when he had the idea to open a food stall, mainly to sell beverages like cold drinks and shaved ice. He asked his grandmother to borrow 3,000 yuan—around $362 back then, or $417 today—to open up a small stall on the streets of Zhengzhou, the capital of China's Henan province and a major international transport hub. The stall was successful, even early on. According to a lengthy profile about Mixue in China's state-run outlet Sina News, Zhang was able to sell products worth up to 1.5 yuan for more than 100 yuan; in other words, he could make a drink that cost around 21 cents and sell it for more than $14. Unfortunately, Zhang's inexperience, and the rapid modernization of Zhengzhou, would become obstacles. The villages of Zhengzhou were constantly subject to demolition efforts as the area grew more urban, which resulted in Zhang's store getting demolished three times in a single year, according to Sina News. And he learned the hard way how difficult it is to sell cold treats during the winter season, which forced him to sell mandarin oranges for extra cash. Despite the setbacks, Zhang kept at it. He bought more machines, added more sugary drinks to his menu, and notably introduced a soft-serve ice cream cone for just 1 yuan, or roughly 14 cents, which solidified the brand among budget-conscious consumers. The company also got stronger operational chops when Zhang brought in his younger brother, Hongfu, to help run the company in 2007. Since so many of Mixue's franchisees were run by friends or family, few enforced Zhang's rules or regulations; that changed when Hongfu, who now acts as the company's CEO, took the reins. (Elder brother Hongchao Zhang, the founder, serves as chairman.) One of the most important things Hongfu did was introduce store managers, which ultimately helped the two brothers avoid disputes with family members who operated some of their franchises. As Mixue added hundreds of stores over the years, the company grappled with quality and consistency issues, as well as supply-chain woes when fruits or milk powder ran in short supply. But sales rebounded as Zhang pushed for new products like boba tea, and supply issues were ameliorated when Zhang decided to establish a storage base in 2014 that would collect raw materials from farmers, and produce its own materials like powders and snacks, essentially consolidating a large portion of its supply chain. In 2022, Mixue reported having warehouse and logistics bases in 22 different provinces, and the company has stepped up quality-control efforts to avoid store closures. Mixue controls site selection, store decoration, personnel training, raw material supply, and food safety to ensure the success of its franchisees. In 2024, Mixue reported 4.4 billion yuan ($615 million) in profit, up 22% over the year before, on 24.8 billion yuan (about $3.43 billion) in revenue, which was a near-40% jump year over year. Its earnings per share, 12.3 yuan ($1.71), was also up 41% from 2023. The company's vertically integrated supply chain and proprietary logistics network have helped keep costs low at just 30% of its sales revenue, compared to the industry average of 45%–55%, according to a recent study published in the Journal of Fintech and Business Analysis. Crucially, the company continues to expand. It added 4,192 new franchisees in 2024 and opened over 10,000 new stores, with a closure rate of just 3.5%. While over 99% of its 45,000-plus stores are franchised, franchise fees only make up a small percentage of its revenue. According to the company, the bulk of its income comes from selling merchandise and equipment to franchises, which are required to buy these items directly from Mixue. Earlier this year, Mixue celebrated a successful initial public offering, one of the biggest IPOs of Hong Kong's Stock Exchange this year so far, raising $3.45 billion HKD, or $444 million. As for the Zhang brothers, Hongchao and Hongfu maintain relatively low profiles, but reportedly have a combined net worth of $8.1 billion. This story was originally featured on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Mike Johnson Goes After Musk for Mega Bill Meltdown
House Speaker Mike Johnson said he was let down by Elon Musk's bombshell rebuke of the Trump administration's signature legislation as lawmakers swiftly took sides on the debate. Speaking to reporters on Capitol Hill Tuesday, Johnson launched into a defense of President Donald Trump's 'One, Big, Beautiful Bill' after the recently departed DOGE chief branded it a 'disgusting abomination' that would 'massively increase' the budget deficit. 'Let me say this: It's very disappointing,' Johnson said of Musk's comments. 'I've come to consider Elon a good friend. He's obviously a very intelligent person, and he's done a lot of great work… But with all due respect, my friend Elon is terribly wrong.' Johnson maintained that the mega bill delivers on Trump's campaign promise of putting America first and saves the government more than $1.6 trillion—despite analyses from nonpartisan organizations like the Congressional Budget Office and the Penn-Wharton Budget Model estimating that the measure would cause the deficit to soar by about $4 trillion. The House Speaker said he and Musk spoke at length over the phone on Monday to discuss the bill, which the tech mogul blasted in an earlier interview with CBS News. 'I extolled all the virtues of the bill, and he seemed to understand that,' Johnson said. 'We had a very friendly conversation about it.' Musk has become increasingly vocal about his opposition to the bill since leaving the Trump administration. He told CBS last week that the measure 'undermines the work that the DOGE team is doing,' and wrote in X posts on Tuesday that the 'massive, outrageous, pork-filled' legislation would 'burden American citizens with crushingly unsustainable debt.' 'I'm sorry, but I just can't stand it anymore,' he said. 'Shame on those who voted for it: you know you did wrong. You know it.' House Republicans narrowly passed the bill last month in a 215 to 214 vote, with all Democrats uniting against what they described as a giveaway to billionaires at the expense of vulnerable American families. Musk's comments divided GOP lawmakers and appeared to unite Democrats. Four Republican senators were exasperated when they spoke to Politico about Musk's latest jab. North Carolina Sen. Thom Tillis said Musk was 'entitled to his opinion,' while North Dakota Sen. Kevin Cramer said: 'I like Elon Musk, but he's one man.' Missouri Sen. Eric Schmitt and Texas Sen. Ted Cruz said lawmakers would continue to work on the measure. 'We need spending reductions, no doubt,' Schmitt said. 'I think the Senate should make the bill substantially better, and I hope and believe we'll do that,' Cruz added. Several other Republicans joined their Democratic colleagues in agreeing with Musk's take. 'I agree with Elon,' Kentucky Sen. Rand Paul said on X. 'We have both seen the massive waste in government spending and we know another $5 trillion in debt is a huge mistake. We can and must do better.' Utah Sen. Mike Lee wrote in a reply to Musk's post that 'the Senate must make this bill better.' Florida Rep. Anna Paulina Luna threatened to withhold votes if the bill fails to codify the sweeping cuts made by DOGE. 'NO CODIFY VOTES? Then guess what: NO VOTES,' she said. 'Half the reason GOP took the majority is because of Trump and Elon and now they are too scared to codify!' Several Democrats, led by Sen. Chuck Schumer and Rep. Hakeem Jeffries, echoed Musk's scathing criticism of the bill. 'If even Elon Musk, who's been part of the whole process and is Trump's buddy, says the bill is bad, you can imagine how bad this bill is,' Schumer told reporters. 'Musk said people shouldn't vote for the bill. Let's hope the Republicans follow him, not Trump.' 'Breaking news: Elon Musk and I agree with each other,' Jeffries said in a press conference. 'The GOP tax scam is a disgusting abomination.' Independent Vermont Sen. Bernie Sanders similarly agreed with Musk. 'Musk is right,' he said on X. 'Let's defeat this disgusting abomination.'
