Compelling Project Economics

  • Based on technical studies, the Company projects run-rate EBITDA of approximately $1 billion at full production of 2.4 million tons per year
  • According to published industry data, potash producing peers historically trade at a ~9x EBITDA multiple (2009-2024)
  • Brazil Potash is expected to be the lowest cost supplier of potash to Brazilian farmers based on unique in-country logistical advantage vs global peers who deliver at approximately twice the all-in cost
  • Analysts estimate the global potash cost curve currently provides a price floor of ~$280 per tonne where only Russian and Belarus producers break even, compared to Brazil Potash's estimated production cost of ~$79 per tonne

Permitted for Construction with Long Production Life and Infrastructure Advantages

  • The Autazes Project has received all permits required for construction following approximately $250 million invested in exploration, technical studies, land acquisition, public hearings and indigenous consultations
  • Planned annual average run-rate production capacity of 2.4 million tons over an estimated 23-year mine life based on current reserves, with drilling completed on only ~5% of the potentially mineralized basin
  • Exceptional location only 5 miles from a major inland river connected to Brazil’s largest farming region provides substantial and sustainable logistics advantages
    • Location also allows for modular construction of large components fabricated in Manaus (an active international manufacturing free trade zone) and transported to site via river barges
  • In-country position eliminates 9,000-12,000 miles of transportation distance faced by international competitors

Commercial Framework and Strategic Investment

  • Binding offtake agreement with Amaggi, one of Brazil's largest farmers and logistical operators of agricultural products
  • Memorandum of understanding with Keytrade for additional offtake
  • Franco-Nevada, an industry leader and publicly traded mineral royalty company, holds an option for a 4% perpetual gross revenue royalty in exchange for investing meaningfully into project construction

Strategic Position in Global Agriculture

  • Brazil represents one of the world's largest exporters of agricultural goods with annual exports of approximately $167 billion in 2023
  • In 2024, Agriculture contributed over 25% to Brazil's GDP, yet the country currently imports over 95% of its potash requirements
  • Nearly half of global potash is currently mined in sanctioned or conflict zones, creating vulnerability in the global food supply chain
  • Brazil Potash aims to establish a critical domestic source of potash in one of the world's largest agricultural markets, enhancing Brazil's food security
  • Potash is one of the three main nutrient fertilizers used to grow food. It strengthens the stem of plants to make them more resilient to stress and makes certain foods firmer and taste better

Leadership and Governance

  • Executive Chairman Mayo Schmidt brings exceptional industry experience as former Chairman and CEO of Nutrien Ltd. (world's largest fertilizer producer) and previously as CEO of Viterra, where he oversaw growth from a $220 million regional grain cooperative to a $7.3 billion global agriculture company at the time of its sale to Glencore in 2012
  • Management team with extensive backgrounds in mining, agriculture, and Brazilian operations with majors including Rio Tinto, Vale and BHP.

Environmental and Social Considerations

  • MSCI sustainability rating of “A”, placing the company in the top quartile versus peers
  • Domestic production is estimated to reduce GHG emissions by approximately 1.4 million tons per year by avoiding long-distance transportation of imports
  • Project designated as of National Importance and potash is deemed to be a critical mineral in Brazil given the agriculture sector’s importance to Brazil’s GDP and global food security

Key Upcoming Milestones

  • Additional offtake agreements
  • Obtain construction permit for the power transmission line and independent power line financing and construction
  • Project construction equity or debt financing to fund construction costs
  • Completion of Front End Engineering Design (FEED)
  • Further advancement of construction activities

The information presented here contains forward-looking statements. Actual results may differ materially from expectations. Investors should review the company's SEC filings for complete information on risks and uncertainties.

FORWARD LOOKING STATEMENTS. This publication contains forward-looking statements, including statements regarding expected continual growth of the featured company and/or industry. The Publisher notes that statements contained herein that look forward in time, which include everything other than historical information, involve risks and uncertainties that may affect the companies’ actual results of operations. Factors that could cause actual results to differ include, but are not limited to, government regulations concerning potash production, the size and growth of the market for potash, the companies’ ability to fund its capital requirements in the near term and long term, pricing pressures, etc.