en.Wedoany.com Reported - The U.S. International Development Finance Corporation (DFC) has provided $4.07 million in development funding to Argentina's El Ceibo potash project, marking the first direct project development grant awarded by DFC in Argentina. This project also becomes the first to directly qualify under the U.S.-Argentina Critical Minerals Agreement signed in February 2026, following potash being designated as a critical mineral by the United States in November 2025.
This $4.07 million DFC funding is expected to be matched equally by strategic investors, bringing the total Phase I funding to $8.15 million. The funds will be used to advance technical studies, Environmental and Social Impact Assessments (ESIA), and pre-feasibility work, accelerating the construction of a 50,000-ton-per-year demonstration plant—a key milestone toward full commercial production of 1 million tons of potassium chloride annually.
At commercial scale, the El Ceibo project will become one of the most significant potash development projects in the Western Hemisphere.
Dr. Chris Cornelius, Chairman and CEO of Argentina Potash Corp., stated that the partnership with DFC is a critical step for the El Ceibo project and the vision for the Southern Cone. The project is expected to become a major new source of potash in the Western Hemisphere, supporting long-term agricultural productivity in Argentina, Brazil, Uruguay, and Paraguay. The company plans to list on the NYSE American exchange in early 2027 under the ticker symbol KCL.
The El Ceibo project has an inferred mineral resource of 1.606 billion tons of sylvinite, containing approximately 391 million tons of potassium chloride, making it one of the largest identified potash deposits in South America. Located near existing infrastructure in Argentina's Neuquén Basin, the project can serve the agricultural core of the Southern Cone. It plans to utilize horizontal drilling and selective solution mining techniques, aiming to minimize surface disturbance, water consumption, and overall environmental impact.
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