Brazil Potash is advancing its flagship Autazes Potash Project in Brazil's Amazonas state, aiming to become a significant player in the global fertilizer market. The company is developing an underground mine with an estimated investment of $2.6 billion, positioning itself to reduce Brazil's reliance on imported potash, which currently stands at approximately 98%.
Brazil is the world's second-largest consumer of potash, a critical component in fertilizer production. The Autazes Project is expected to produce 2.4 million tons of potash annually, potentially supplying up to 17% of Brazil's domestic demand . This aligns with Brazil's National Fertilizer Plan, which aims to reduce fertilizer import dependence from 85% to 45% by 2050.
In April 2024, Brazil Potash received the mine installation license from the Amazonas State Environmental Protection Institute (IPAAM), allowing construction to commence . Subsequently, the company obtained additional licenses covering vegetation suppression, wildlife management, and construction of the processing plant and port facilities.
Brazil Potash completed its initial public offering (IPO) on the NYSE American in November 2024, raising $30 million . In May 2025, the company launched Brazilian Depositary Receipts (BDRs) on the B3 exchange under the ticker symbol GROP31, enhancing access for domestic investors . Additionally, Brazil Potash secured an equity line of credit of up to $75 million from Alumni Capital to support project development.
With construction underway and key licenses secured, Brazil Potash is poised to play a vital role in meeting Brazil's agricultural fertilizer needs. The company's strategic location near the Madeira River facilitates efficient transportation of potash to major agricultural regions . Investors should monitor developments related to regulatory approvals, community engagement, and project financing as the company progresses toward production.
Brazil Potash 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% 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, 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% of the current potash demand in Brazil. Management anticipates 100% 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.
