Brazil Potash (GRO) Investor presentation summary

Investment thesis and strategic positioning

• Nearly half of global potash supply comes from countries in conflict, highlighting supply risk and opportunity for new entrants.

• The deposit is positioned for supply chain security and is expected to be the lowest-cost producer for the world's largest import market.

• Project is shovel-ready with main permits secured and over $310 million in paid-in capital.

• Expected to generate significant cash flow for generations.

Market and competitive landscape

• Brazil is the largest net exporter of agricultural products and the largest importer of potash, consuming 22% of global demand.

• Brazil relies on imports for ~98% of its potash supply, making domestic production critical for food security.

• Global potash supply is highly concentrated, with ~80% coming from three nations, and Brazil produces less than 1% of its own supply.

Project overview and operational advantages

• The Autazes project is a long-life underground mine in early construction, permitted for construction, with a projected $2.5B capital investment.

• Projected annual production is 2.4M tons, supplying about 17% of Brazil's consumption, with a 23-year reserve life.

• Modular construction minimizes environmental impact, with initial land previously adapted for cattle grazing.