Wedoany.com Report-Oct. 30, Brazil Potash Corp. has executed its third and final binding commercial offtake agreement. The deal is between Potássio do Brasil Ltda, its wholly-owned subsidiary, and Kimia Solutions Ltda, a unit of Bulkfertz, a Brazilian fertilizer trading and distribution firm founded in 1978.

The agreement sets a 10-year take-or-pay obligation for Kimia to buy up to 704,000 tons per year of potash from the Autazes Potash Project at market prices.

"This agreement with Kimia represents exceptional commercial momentum, with all three major take-or-pay offtake agreements completed as planned, securing pre-sales of over two million tons of annual production for up to 17 years," said Matt Simpson, CEO of Brazil Potash. "Achieving approximately 91% contracted capacity positions us to further advance project financing discussions, knowing we have industry leading Brazilian partners committed to directly purchase or distribute our potash."

"This commitment with Brazil Potash represents a transformative opportunity for Brazilian agriculture and aligns perfectly with our mission to strengthen our partnership with the domestic fertilizer supply chains," added Elie Cohen, CEO of Kimia Solutions. "As part of the Bulkfertz Group, we have the distribution infrastructure and market relationships to ensure this domestically produced potash reaches farmers efficiently and cost-effectively throughout our current and loyal customer base all over Brazil."

“This agreement not only enhances our product portfolio but also supports Brazil's strategic objective of reducing import dependency while providing our agricultural supply chain with a reliable, competitive source of this critical nutrient," commented Nelson Moreno, partner of Kimia Solutions and founder of Bulkfertz Group.

Key terms include: Kimia will purchase 23% to 32% of Brazil Potash's yearly output, capped at 704,000 tons annually, under take-or-pay terms. The contract lasts 10 years, matching financing needs and offering stable revenue. Kimia's purchase duties begin at production start and rise gradually to full capacity. Brazil Potash may assign future payment rights to lenders for funding.

The deal ensures clear revenue for financing and confirms strong local demand for Brazilian potash. Remaining output will go to spot sales to address market changes, maintenance, or production adjustments.

This step builds on a recent memorandum of understanding with Fictor Energia for about US$200 million in power line funding and a US$20 million equity stake. These partnerships lower risks in sales and infrastructure for the Autazes Project.