Originaly released Oct 28.2025
Brazil Potash Corp. (NYSE American: GRO), a mineral exploration and development company with a critical mineral potash agriculture project, the Autazes Project, announced on October 28, 2025 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., part of Bulkfertz, a Brazilian fertilizer trading and distribution company established in 1978 by Nelson Moreno.
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.
“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 per cent 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.”
Elie Cohen, CEO of Kimi Solutions, adds that this commitment with Brazil Potash represents a transformative opportunity for Brazilian agriculture and aligns perfectly with their mission to strengthen their partnership with the domestic fertilizer supply chains.
“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,” said Cohen.
Nelson Moreno, partner of Kimia Solutions and founder of Bulkfertz Group, said that this agreement not only enhances their product portfolio, but also supports Brazil’s strategic objective of reducing import dependency while providing their agricultural supply chain with a reliable, competitive source of this critical nutrient.
Key terms of the agreement
- Volume commitment: Kimia agreed to purchase between 23 per cent to 32 per cent 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.
Commercial strategy progress
The Kimia Agreement provides strong revenue visibility essential for project financing and demonstrates robust market demand for domestically produced Brazilian potash. The remaining production will be reserved for spot sales to capture potential market premiums, accommodate maintenance outages and production variability.
This commercial milestone follows the company’s recently signed MOU with Fictor Energia for approximately $200 million in power line construction funding and a $20 million equity investment. Together, these strategic partnerships significantly de-risk both the commercial and infrastructure components of the Autazes Project.
About Kimia Solutions
Kimia Solutions was born from Bulkfertz’s journey that started in 1978 with a focus on the future. In 2024, Bulkfertz sold over two million tons of fertilizer to over 150 clients spread across Brazil. The company has a highly qualified team, representing major international manufacturers of raw materials for the fertilizer industry and serves the main players in the Brazilian market.
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 per cent 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 per cent of the current potash demand in Brazil. Management anticipates 100 per cent 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.
