Brazil Potash presells 91% of future production

Brazil Potash (GRO) announced the execution of its third and final definitive commercial offtake agreement between Potassio do Brasil and Kimia Solutions. The binding agreement establishes a 10-year take-or-pay commitment for Kimia to purchase up to 704,000 tons of potash annually from the Autazes Potash Project at market prices. Key Terms of the Agreement Volume Commitment: Kimia agreed to purchase between 23% to 32% of Brazil Potash’s annual potash production, up to a maximum of 704,000 tons per year, on a take-or-pay basis. Contract Duration: The Agreement has a 10-year term, aligning project financing requirements and ensuring long-term revenue visibility and stability. Production Ramp-Up: Kimia’s offtake obligations will commence upon the start of production and scale proportionally during the ramp-up period to full production capacity. Strategic Flexibility: The Agreement permits Brazil Potash to assign future payment rights to financial institutions for project financing purposes.