Brazil Potash Corp. announced the execution of a definitive commercial offtake agreement with Keytrade Fertilizantes Brasil Ltda., the Brazilian subsidiary of Keytrade AG. This binding agreement establishes a 10-year take-or-pay commitment for Keytrade to purchase up to approximately 900,000 tons of potash annually from the Autazes Potash Project.
This definitive agreement finalizes the memorandum of understanding previously announced on January 16, 2025. Combined with an existing take-or-pay agreement with Amaggi Exportacão E Importacão Ltda., Brazil Potash now has binding commitments for approximately 1.45 million tons, representing about 60% of its planned 2.4 million tons of annual production.
Matt Simpson, CEO of Brazil Potash, stated that this agreement is a major milestone in the company's commercial development, providing essential revenue certainty for securing project financing and advancing construction. Anthony Jezzi, CEO of Keytrade Fertilizantes Brasil, emphasized the partnership's role in supporting sustainable agriculture in Brazil and reducing the country's reliance on imports.
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