Brazil Potash Corp. (Ticker: GRO) is a mining and mineral exploration company focusing on potash extraction, with operations centered on the Autazes Project in Amazonas, Brazil. The company aims to reduce Brazil’s dependence on imported potash by developing an underground mine to extract and process potash ore, eventually selling the fertilizer domestically. Brazil Potash Corp., incorporated in Ontario, Canada, has technical operations in Brazil and a corporate office in Toronto.
The IPO on the NYSE is scheduled for November 21, 2024, with the company offering 4.25 million shares at an expected price range of $15.00 to $18.00 per share. The projected market capitalization at the offering is approximately $669.7 million. The offering, expected to raise around $70.1 million, is being managed by Cantor, Bradesco BBI, Freedom Capital Markets, and Roth Capital Partners, with Clarksons Securities as co-manager.