Brazil Potash Corp. announced the filing of its Annual Report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission. The report provides detailed financial information for the pre-revenue mineral exploration and development company.
For fiscal year 2024, the company reported a net loss of $46.41 million, with operating expenses reaching $46.65 million. As of the end of 2024, cash and cash equivalents stood at $18.86 million, reflecting ongoing operational and investing activities for the Autazes Project.
Despite the losses, the company's total equity increased to $137.99 million from $135.42 million at the end of 2024, and its debt-to-equity ratio remained low at 0.01. These figures indicate the significant capital outlays required to advance a project of this scale while maintaining a healthy balance sheet for its development stage.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.