Brazil Potash Corp. announced that its independent registered public accounting firm included a going concern qualification in their audit opinion for the fiscal year ended December 31, 2024. This disclosure was made to comply with NYSE American Company Guide requirements.
The company emphasized that this announcement does not represent any changes or amendments to its 2024 audited financial statements or annual report. A going concern qualification typically indicates that there is substantial doubt about the company's ability to continue as a going concern without further financing.
This disclosure highlights the inherent financial risks associated with a pre-revenue mineral exploration and development company. Investors will closely monitor the company's ability to secure continuous capital to fund the construction and development of the Autazes Project.
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