Brazil Potash Corp. appointed BTIG, LLC as its lead financial advisor to secure project‑level equity financing for the construction of the Autazes potash mine.
The appointment follows a $75 million equity line of credit with Alumni Capital LP and a $200 million power‑line partnership with Fictor Energia, which also invested $20 million in equity. BTIG will target sovereign wealth funds, private equity, and strategic industrial investors, focusing on markets in Brazil, China, and other regions.
The Autazes Project, located in Amazonas, has a total construction cost of $2.5 billion and is expected to produce up to 2.4 million tonnes of potash annually, meeting roughly 20 % of Brazil’s demand. Brazil currently imports over 95 % of its potash fertilizer.
Management stated that securing project‑level equity will allow the company to maintain a flexible capital structure while minimizing dilution to existing shareholders. BTIG aims to close the equity financing by the end of 2025, with construction already underway since May 2024 and production targeted for 2026.
The company has binding offtake agreements with Keytrade AG (up to 900,000 t/year) and Amaggi Exportação e Importação Ltda., covering a significant portion of planned production. The new financing is part of a broader strategy to reduce Brazil’s reliance on imported potash and support national food security.
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