Brazil Potash Announces Participation in Upcoming Investor Conferences and Going Concern Qualification

Rhea-AI Summary

Brazil Potash (NYSE-American: GRO), a mineral exploration and development company focused on potash mining, has announced its participation in several key investor conferences during May and June 2025. The company will attend the International Fertilizer Association Conference in Monaco, BMO Global Farm to Market Conference in New York, CG Global Metals & Mining Conference in Henderson, and Wells Fargo Industrials Conference in Chicago.

Notably, the company disclosed that its independent auditor included a going concern qualification in their audit opinion for the fiscal year ended December 31, 2024, as stated in their Form 20-F filing. This qualification indicates significant uncertainty about the company's ability to continue operations.

Positive

• None.

Negative

• Independent auditor included a going concern qualification in their audit opinion, indicating substantial doubt about the company's ability to continue operations

News Market Reaction

-3.54%

1 alert

-3.54% News Effect

On the day this news was published, GRO declined 3.54%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

MANAUS, Brazil, May 01, 2025 (GLOBE NEWSWIRE) -- Brazil Potash Corp. ("Brazil Potash" or the "Company") (NYSE-American: GRO), a mineral exploration and development company with a critical mineral potash mining project, the Autazes Project, today announced its participation in several upcoming mining and agriculture investor conferences in May and June 2025.

Upcoming Conferences

Senior management will be participating in the following upcoming conferences:

• International Fertilizer Association (IFA) Conference - May 12-14, 2025 in Monaco
• BMO Global Farm to Market Conference - May 14-15, 2025 in New York, NY
• CG Global Metals & Mining Conference - May 20-22, 2025 in Henderson, NV
• Wells Fargo Industrials Conference - June 10, 2025 in Chicago, IL

Going Concern Qualification

Brazil Potash filed the Company’s annual report on Form 20-F on March 28, 2025, as amended on April 9, 2025, and has disclosed that its independent registered public accounting firm included a going concern qualification in their audit opinion for the fiscal year ended December 31, 2024.  This disclosure is being announced separately to comply with NYSE American Company Guide. The Company emphasizes that this announcement does not represent any changes or amendments to its 2024 audited financial statements or annual report. 

About Brazil Potash

Brazil Potash (NYSE-American: GRO) (www.brazilpotash.com) is developing the Autazes Project to supply sustainable fertilizers to one of the world’s largest agricultural exporters. Brazil is critical for global food security as the country has amongst the highest amounts of fresh water, arable land, and an ideal climate for year-round crop growth, but it is vulnerable as it imported over 95% of its potash fertilizer in 2021, despite having what is anticipated to be one of the world’s largest undeveloped potash basins in its own backyard. The potash produced will be transported primarily using low-cost river barges on an inland river system in partnership with Amaggi (www.amaggi.com.br), one of Brazil’s largest farmers and logistical operators of agricultural products. With an initial planned annual potash production of up to 2.4 million tons per year, Brazil Potash’s management believes it could potentially supply approximately 20% of the current potash demand in Brazil. Management anticipates 100% of Brazil Potash’s production will be sold domestically to reduce Brazil’s reliance on potash imports while concurrently mitigating approximately 1.4 million tons per year of GHG emissions.

Forward-Looking Statements Disclaimer

All statements, other than statements of historical fact, contained in this press release constitute "forward-looking statements" and are based on the reasonable expectations, estimates and projections of the Company as of the date of this press release. The words "plans," "expects," or "does not expect," "is expected," "budget," "scheduled," "estimates," "forecasts," "intends," "anticipates," or "does not anticipate," or "believes," or variations of such words and phrases or statements that certain actions, events or results "may," "could," "would," "might," or "will be taken," "occur" or "be achieved" and similar expressions identify forward-looking statements. Forward-looking statements include, without limitation, statements regarding the Brazil Potash advisory board, the roles and expertise of the advisory board members, the status of the Company's project, government regulation and environmental regulation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The Company disclaims any intention or obligation to update or revise any forward-looking statements, except to the extent required by applicable law. The reader is cautioned not to place undue reliance on forward-looking statements.

Contact:

Brazil Potash Investor Relations
info@brazilpotash.com

FAQ

What is the going concern qualification issued for Brazil Potash (GRO) in 2024?

Brazil Potash's independent auditors included a going concern qualification in their audit opinion for fiscal year 2024, indicating significant uncertainty about the company's ability to continue operations.

Which investor conferences will Brazil Potash (GRO) attend in May-June 2025?

Brazil Potash will attend four conferences: IFA Conference in Monaco (May 12-14), BMO Global Farm to Market Conference in New York (May 14-15), CG Global Metals & Mining Conference in Henderson (May 20-22), and Wells Fargo Industrials Conference in Chicago (June 10).

When did Brazil Potash (GRO) file its annual report Form 20-F?

Brazil Potash filed its annual report Form 20-F on March 28, 2025, with an amendment filed on April 9, 2025.

What is Brazil Potash's (GRO) main business focus?

Brazil Potash is a mineral exploration and development company focused on a critical mineral potash mining project called the Autazes Project.