Brazil Potash Corp. Reports Legislative, Legal and Engineering Milestones Supporting Autazes Project Construction Financing
NYSE American: GRO
Brazil Potash Corp. ("Brazil Potash" or the "Company") announced a series of legal, legislative and engineering milestones achieved over recent months in connection with its Autazes Potash Project (the "Autazes Project" or "Project") in Amazonas State, Brazil, according to the company. The announcement, dated September 10, 2026, covers developments the company describes as reinforcing progress toward construction of the Project.
According to the company, Matt Simpson, Chief Executive Officer of Brazil Potash, said: "We've been advancing the Autazes Project commercially, technically, and legally, and the developments of recent months have only added wind in our sails. Favorable rulings from Brazil's courts, the signing of Profert into law, and the award of our Front End Engineering Design packages all reinforce our steady momentum toward construction."
Key Highlights
- President Luiz Inácio Lula da Silva signed Profert (Pro-fertilizer legislation) into law without any vetoes, preserving its fiscal provisions exactly as approved by Congress, according to the company.
- Combined with the company's previously announced SUFRAMA benefit, Profert has the potential to unlock meaningful potential construction cost reduction through production tax credits, BNDES-administered construction financing created to advance Brazil's critical minerals and fertilizer independence, and a new domestic-content floor for fertilizer sold in Brazil starting at 2% in 2027 and rising to 10% by 2037, according to the company.
- On August 26, 2026, Vice President Geraldo Alckmin announced R$4 billion in additional BNDES-administered financing and working-capital support for Brazil's fertilizer industry as part of a broader R$18.5 billion package, according to the company.
- On August 11, 2026, Brazil's Court of Appeal (TRF-1) blocked an appeal of legal challenges to the Autazes Project, preserving prior rulings that uphold the Project's environmental licenses and Indigenous consultation process, according to the company.
- On August 21, 2026, Brazil's Supreme Federal Court rejected a separate petition seeking to halt construction activities at the Autazes Project, leaving those favorable rulings and the Project's current permits fully in place, according to the company.
- The company initiated full-project FEED engineering coverage, awarding the mine shaft and underground development scope to WSP UK Ltd. and Redpath Deilmann, joining Wood and Promon Engenharia on surface facilities, with completion targeted for early Q2 2027, which the company describes as a key prerequisite for construction debt financing.
Strategic/Operational Context
According to the company, the support builds on Brazil's government designation of potash as a critical mineral and Autazes as a Project of National Importance. The company stated that Brazilian courts have recently issued rulings favorable to the Autazes Project.
The company also reported that it commenced on-site training programs, building workforce momentum ahead of anticipated construction; advanced geotechnical drilling arrangements critical to finalize the shaft sinking design; received BOOT proposals covering all envisaged construction power; and hosted additional investor site visits and continued third-party construction debt diligence.
Simpson added, according to the company: "Each milestone removes a layer of risk from the Project. We look forward to sharing updates as we continue advancing the Autazes Project."
What to Watch Next
- Completion of full-project FEED engineering, targeted for early Q2 2027, which the company describes as a key prerequisite for construction debt financing.
- Continued third-party construction debt diligence, according to the company.
- Further updates on the Autazes Project as the company continues to advance it, according to the company.
About Brazil Potash
Brazil Potash (NYSE American: GRO) (www.brazilpotash.com), through its subsidiary Potássio do Brasil, is developing the Autazes Project to supply potash to one of the world's largest agricultural exporters. Brazil is critical for global food security, with among the highest amounts of fresh water and arable land and an ideal climate for year-round crop growth, yet the country imported approximately 96% of the potash it consumed in 2025 despite hosting what is anticipated to be one of the world's largest undeveloped potash basins. 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.
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