Brazil Potash Gains Key Water Licenses for Massive Fertilizer Project
Brazil Potash secures water resource licenses for its Autazes Potash Project, ensuring potable water supply during construction and operations.
Important Licenses Approved
Brazil Potash Corp. recently reported that its subsidiary, Potassio do Brasil, has received two crucial water resource operating licenses from the Amazonas State Environmental Protection Institute (IPAAM). These permits enable the operation of deep water wells that will supply potable water for both the construction and ongoing operations of the Autazes Potash Project—Brazil’s largest potash fertilizer initiative. This step ensures a steady supply of high-quality water at the processing plant site, reinforcing the project’s progression. Additionally, Brazil Potash aims to enhance domestic potash production, aiming to lessen Brazil’s dependence on imported fertilizers while promoting sustainability.
Key Benefits
- The water resource licenses from IPAAM bolster the company’s capabilities and advance project development.
- Operable deep water wells will secure potable water needs during both construction and operational stages, adhering to sustainability practices.
- This progress aligns with Brazil Potash’s objective of enhancing local potash production and reducing import dependence.
- With an anticipated annual output of 2.4 million tons, Brazil Potash plans to significantly strengthen regional agriculture and food security.
Challenges Ahead
- The need for water resource licenses suggests potential past regulatory hurdles or environmental concerns that could raise questions about the project’s operational stability.
- Uncertainties highlighted in the company’s forward-looking statements might create investor apprehension regarding the project’s future viability.
Frequently Asked Questions
What are the water resource operating licenses for Brazil Potash?
These licenses allow Brazil Potash to operate two deep water wells for potable water during construction and operational phases of the Autazes Potash Project.
How will the fresh water wells support the Autazes Potash Project?
The fresh water wells are designated to fulfill all potable water requirements for the processing plant throughout the project’s construction and operations.
What is the significance of the water permits for Brazil Potash?
Securing these permits marks a significant step in construction, providing a sustainable and dependable water supply for the project.
How much potash will Brazil Potash produce annually?
Brazil Potash targets an annual production of 2.4 million tons of potash, which will cater to approximately 17% of Brazil’s increasing demand.
What is Brazil Potash’s commitment to sustainability?
The company aims to reduce 1.4 million tons of greenhouse gas emissions each year while supplying domestically sourced potash to lessen reliance on imports.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
- Water operations supported and approved by IPAAM, the Amazonas State Environmental Protection Institute
- Fresh water wells located at future processing plant site cover all potable water needs during construction and operations
MANAUS, Brazil, Dec. 30, 2024 (GLOBE NEWSWIRE) — Brazil Potash Corp. (“Brazil Potash” or the “Company”) (NYSE American: GRO), is developing and constructing Brazil’s largest potash fertilizer project, the Autazes Potash Project (the “Project”). The company announces that its wholly owned Brazilian subsidiary, Potassio do Brasil, has obtained two water resource operating licenses (“Outorga de uso de recurso hídrico”) from IPAAM. These licenses allow the operation of two deep water wells that will supply potable water during both the construction and operational phases, facilitating previously granted Installation Licenses needed for construction. These wells are poised to meet the processing plant’s significant potable water needs.
The water resource operating permits encompass the comprehensive water supply system for the Project, strategically divided between the processing plant and port facilities located approximately 8 kilometers away. The deep wells located within the plant boundaries will satisfy drinking quality (potable) water requirements throughout construction and for future operations.
“Securing these water resource operating permits represents a key advancement in our construction,” stated Matt Simpson, Chief Executive Officer of Brazil Potash. “Independent testing has confirmed both water quality and quantity meet all regulatory requirements, including sustainable usage parameters. High-quality water sources within our project boundaries enhance our operational planning and showcase our commitment to sustainable resource management.”
Mr. Simpson added, “We continue to advance the Project, with robust support from government levels recognizing the urgent need for domestic potash production for Brazilian farmers. This license marks another step forward in our mission to provide secured, local potash sources for Brazilian agricultural communities.”
About Brazil Potash
Brazil Potash (NYSE-American: GRO) (
www.brazilpotash.com
) is developing Brazil’s largest potash project, which will supply sustainable fertilizers to one of the world’s largest agricultural exporters. Brazil, critical for global food security, has access to significant fresh water, fertile land, and an ideal climate for year-round crop growth yet relies on imports for over 95% of its potash fertilizer. The anticipated production will utilize low-cost river transportation along an inland river system in collaboration with Amaggi (
www.amaggi.com.br
), a leading agricultural logistics operator in Brazil. With an initial projected output of 2.4 million tons per year, Brazil Potash aims to supply around 17% of Brazil’s growing potash requirements, with future plans to double this output. All of the company’s production will be directed towards the domestic market to diminish Brazil’s dependence on imported potash while also aiming to cut down on approximately 1.4 million tons of greenhouse gas emissions annually.
Cautionary Note Regarding Forward-Looking Statements
This press release includes forward-looking statements, which are not based on historical facts. Terms like “expects”, “anticipates”, and “intends” signify these forward-looking statements. Such statements, including those around securing water resource operating licenses, are subject to various risks and uncertainties beyond the Company’s control, detailed in the “Risk Factors” section of the Company’s Form F-1 registration statement, as amended, filed with the SEC. Readers should avoid placing undue reliance on any of these forward-looking statements, which are valid only as of this date. The Company disclaims any obligation to publicly revise any forward-looking statements to reflect new expectations or changes in circumstances unless required by law.
Contact:
Brazil Potash Investor Relations
info@brazilpotash.com
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