The common shares commenced trading on the NYSE American on November 27, 2024 under the symbol GRO.
Brazil Potash intends to use the net proceeds of the offering primarily to fund its pre-operation development expenses, to pay its current liabilities, and for working capital and general corporate purposes, which will include, among others, expenses relating to (i) obtaining and complying with its environmental licenses, (ii) engineering, procurement and construction for critical path items, and (iii) other pre-development matters, such as obtaining the environmental license, the mining concession, and other remaining required authorisations, permits and licenses for the Autazes Project, purchasing the remaining land for certain project sites, primarily consisting of the sites to be used for the dry stacked tailings piles, and maintaining its mineral rights.
