Particulars such because the variety of shares to be provided, the quantity to be raised, and the timing of the general public providing haven’t been disclosed.
“The corporate’s option to do an IPO on the US inventory trade is as a result of it will give the corporate higher visibility to draw international buyers to its operations, way more than if it opted to listing its shares on the Brazilian inventory market,” mining advisor Pedro Galdi instructed BNamericas.
“Moreover, the eventualities for fairness markets within the US and Brazil are pointing in reverse instructions. Within the US, there may be an expectation of a discount in rates of interest within the coming months, which favors funding in shares, whereas in Brazil, the place rates of interest stay excessive, there may be an expectation of recent will increase in rates of interest within the coming months, in mild of future inflationary pressures,” he stated.
The Autazes challenge
The funds will cowl further engineering and important exams on essential objects like shaft sinking and energy transmission strains, in addition to mandatory permits and functions for the corporate’s Autazes challenge.
Brazil Potash started development in Could on the Silvinita mine in Autazes after it obtained six extra licences from the Amazonas Environmental Safety Institute, the company liable for environmental licensing within the state.
The challenge is pegged to be the most important fertilizer mine in Latin America inside the Amazon rainforest.
Manufacturing is anticipated to start out in 2026 with an preliminary output ample to cowl about 20% of Brazil’s potash wants. The challenge capability will probably be 2.2 million tonnes of potassium chloride per yr, the corporate estimates.
The challenge, which might cut back Brazilian agriculture’s 90% dependence on imported potash, has been held up for years on account of opposition from indigenous Mura folks, who say they haven’t been consulted about using their ancestral lands.