Brazil Potash project has announced a significant step in securing its market position with the signing of a Memorandum of Understanding (MoU) with Keytrade AG. This agreement, made through Potássio do Brasil Ltda., a fully-owned subsidiary of Brazil Potash, outlines a potential offtake of up to 1 million tonnes per year (tpy) of potash from the company’s flagship Autazes Potash Project, located in Brazil's fertile agricultural heartland.

The deal with Keytrade, one of the world’s leading fertilizer trading companies, is a crucial milestone for Brazil Potash as it works to establish itself as a key domestic supplier of potash. Adriano Espeschit, President of Potássio do Brasil, expressed the significance of the MoU, stating, “This MoU with Keytrade represents another important step towards Brazil Potash's development and validates our strategic position in Brazil as a potential premier domestic potash supplier.”

With this latest agreement, Brazil Potash has now secured commitments for approximately 1.5 million tonnes of potash annually from its planned production of 2.4 million tonnes. This includes an earlier offtake agreement with AMAGGI, one of Brazil’s largest agribusiness companies. These two agreements together provide strong foundational support for the financing of the Autazes Potash Project, a key initiative aimed at reducing Brazil's dependence on potash imports and securing the country’s position in the global fertilizer market.

Potash, a critical component in fertilizer production, is essential for Brazil’s agricultural sector, which is one of the largest in the world. However, the country currently relies heavily on imports to meet its potash needs, creating a significant opportunity for domestic production. The Autazes Potash Project, once fully operational, will provide a much-needed local supply, reducing Brazil’s vulnerability to external market fluctuations and ensuring a more stable supply of fertilizers for its farmers.

The partnership with Keytrade further strengthens Brazil Potash’s strategic plans for growth and market penetration. Keytrade, known for its extensive global network and expertise in fertilizer distribution, will help facilitate the sale and distribution of potash from the Autazes Project, ensuring that Brazil Potash’s product reaches both domestic and international markets efficiently.

The Autazes Potash Project, located in the state of Amazonas, is set to be one of the largest potash producers in Brazil. The project is currently in the construction phase, with production expected to begin in the coming years. Brazil Potash has already made significant progress in its development, with the company on track to meet its production targets.

With the combination of its strategic agreements, ongoing project development, and commitment to securing domestic fertilizer supply, Brazil Potash is poised to play a leading role in the future of Brazil’s agricultural industry and its potash production capabilities.

Brazil Potash Corp., the company behind the development of Brazil's largest potash fertilizer