Brazil Potash (GRO) Emerging Growth Conference 78 summary

Conference overview

• The event was the 78th Emerging Growth Conference, featuring a virtual investor session with presentations and Q&A.

• Brazil Potash, now trading under GRO, presented its project to supply sustainable fertilizers to Brazil's agricultural sector.

Leadership and experience

• Executive Chairman Mayo Schmidt shared extensive experience in global agriculture, commodity trading, and leading major agri-businesses.

• Schmidt highlighted his roles in restructuring, IPOs, and mergers, including at Viterra, Hydro One, and Nutrien.

• Emphasis was placed on the importance of food security and the critical role of potash in global agriculture.

Project highlights and strategy

• Brazil imports 98% of its potash, making local production a strategic advantage with lower costs and supply security.

• The project aims to produce 2.4 million tons annually, supplying 17% of Brazil's needs, with 23 years of proven reserves.

• Fully permitted for construction, the project requires $2.5 billion in CapEx, with $1.7 billion expected from debt and $450 million from equity.

• A royalty agreement with Franco-Nevada and a major offtake with AMAGGI support project economics.