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Brazil Potash announces Sergio Leite appointment at Potássio do Brasil

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Announcement Summary

Brazil Potash Corp (NYSE-American: GRO) announced on December 2, 2025, that Sergio Leite has been appointed President of Potássio do Brasil Ltda., its wholly owned Brazilian subsidiary responsible for developing and constructing the Autazes Potash Project.

The company said Leite has ~40 years of executive experience across mining, steel, railway, and port infrastructure, including projects totaling nearly US$20 billion. At Companhia Siderúrgica do Pecém, he led negotiations for a US$2.9 billion loan contract with BNDES, Korean Export Credit Agencies, and a syndicate of eight banks. His previous roles also include Operational Director, CEO of Vale Oman, and Institutional Relations and Sustainability Director at Vale S.A. The company said Leite will help secure funding for the Autazes Project and advance its path to construction.

Investor FAQs

Brazil Potash Corp. announced the appointment of Sergio Leite as President of Potássio do Brasil Ltda., its wholly-owned Brazilian subsidiary responsible for developing and constructing the Autazes Potash Project. The announcement was made on Dec. 02, 2025.
The company said Mr Leite has ~40 years of executive experience and has worked across mining, steel, railway and port infrastructure sectors in Brazil and abroad. It said he was involved in operating industrial plants and implementing projects totalling nearly US$20 billion, and in leading teams that raised multi-billion-dollar funding for large-scale projects.
Mr Leite’s subsidiary, Potássio do Brasil Ltda., is responsible for the development and construction of the Autazes Potash Project. The source describes Brazil Potash as a developer and builder of Brazil’s largest potash fertilizer project, but it does not provide a construction completion date.
The source says that, as Chief Executive Officer of Companhia Siderúrgica do Pecém, Mr Leite led a team that negotiated a US$2.9 billion loan contract with a pool of banks including Brazil’s BNDES, Korean Export Credit Agencies and a syndicate of eight banks. It also says he led efforts at BAFER – Bahia Ferrovias to secure funds for railway infrastructure development. The announcement does not state that funding for the Autazes Project has been secured.
Brazil Potash says the project has an initial planned annual potash production of up to 2.4 million tons per year. Management believes it could potentially supply approximately 20% of the current potash demand in Brazil, and anticipates that 100% of Brazil Potash’s production will be sold domestically. These are company or management statements about planned or potential outcomes, and the source says such statements are subject to risks and uncertainties.
The company says Brazil imported over 95% of its potash fertilizer in 2021 and describes the country as vulnerable in this area. It says the potash produced by the Autazes Project will be transported primarily using low-cost river barges on an inland river system in partnership with Amaggi. The source does not provide further operating or commercial terms for this arrangement.
The release states that forward-looking statements concerning Mr Leite’s appointment, his experience and qualifications, project financing activities, construction advancement, the planned development of the Autazes Project and expected benefits are subject to risks and uncertainties, many beyond the company’s control. It refers readers to the “Risk Factors” section of the company’s registration statement on Form F-1, as amended, filed with the SEC, and the supplemented PREP prospectus filed in each Canadian province and territory other than Québec. Brazil Potash expressly says readers should not place undue reliance on these statements and that it does not undertake to update them unless required by law.
The source identifies Brazil Potash as listed on NYSE-American: GRO. It does not identify any other listing venue or ticker symbol.

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