Advances Brazil's fertilizer autonomy goal via contract with leading domestic distributor
Third major binding Take-or-Pay agreement following Keytrade and AMAGGI offtakes
Combined commitments now total approximately 91% of planned production, pre-sold for contracts ranging from 10 to 17 years, securing over 2 million tons of sales annually
MANAUS, Brazil, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Brazil Potash Corp. ("Brazil Potash" or the "Company") (NYSE:GRO), a mineral exploration and development company with a critical mineral potash agriculture project, the Autazes Project, today announced the execution of its third and final definitive commercial offtake agreement between Potássio do Brasil Ltda., a wholly-owned subsidiary of the Company, and Kimia Solutions Ltda. ("Kimia"), part of Bulkfertz, a Brazilian fertilizer trading and distribution company established in 1978 by Nelson Moreno.
The binding agreement (the "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.
"This agreement with Kimia represents exceptional commercial momentum, with all three major take-or-pay offtake agreements completed as planned, securing pre-sales of over two million tons of annual production for up to 17 years," said Matt Simpson CEO of Brazil Potash. "Achieving approximately 91% contracted capacity positions us to further advance project financing discussions, knowing we have industry leading Brazilian partners committed to directly purchase or distribute our potash."
"This commitment with Brazil Potash represents a transformative opportunity for Brazilian agriculture and aligns perfectly with our mission to strengthen our partnership with the domestic fertilizer supply chains," said Elie Cohen, CEO of Kimia Solutions. "As part of the Bulkfertz Group, we have the distribution infrastructure and market relationships to ensure this domestically produced potash reaches farmers efficiently and cost-effectively throughout our current and loyal customer base all over Brazil."
"This agreement not only enhances our product portfolio but also supports Brazil's strategic objective of reducing import dependency while providing our agricultural supply chain with a reliable, competitive source of this critical nutrient." added Nelson Moreno, partner of Kimia Solutions and founder of Bulkfertz Group.
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 ...
