Brazil Potash raises $28 million in private placement financing

Brazil Potash Corp. (NYSE American: GRO) announced a private placement financing agreement with institutional and accredited investors for $28 million in gross proceeds before expenses.

The mineral exploration and development company will sell 11,450,000 Common Units at $2.00 each and 2,550,000 Pre-Funded Units at $1.999 each. Each Common Unit includes one common share and one warrant to purchase an additional common share. Each Pre-Funded Unit contains one pre-funded warrant and one common warrant.

The Pre-Funded Warrants carry an exercise price of $0.001 per common share, are immediately exercisable and remain exercisable until fully exercised. The Common Warrants are immediately exercisable at $3.00 per common share and expire in five years.

The transaction is expected to close on October 20, 2025, subject to customary closing conditions. Brazil Potash plans to use net proceeds for working capital and general corporate purposes.

Canaccord Genuity serves as lead placement agent for the private placement, with Roth Capital Partners as co-placement agent.

Brazil Potash operates the Autazes Project, a potash mining project focused on critical minerals. The company's common shares and warrants will be issued separately upon closing.

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