Brazil Potash Corp. has awarded a Front-End Engineering Design (FEED) contract for key surface facilities and infrastructure at its Autazes potash project in Amazonas State, Brazil. The work has been assigned to a consortium comprising Wood and Promon Engenharia, while discussions on construction debt financing remain underway with Development Finance Institutions and Export Credit Agencies.
#Scope of the FEED contract
The contract covers the planned processing plant, tailings facility and river barge port. It also includes the upgrade of approximately 13 km of road linking the plant with the port.
Brazil Potash says completing the FEED studies is a prerequisite for construction debt financing. The company says the work is intended to develop investment-grade engineering outputs, including CAPEX and OPEX accuracy, risk quantification, constructability analysis and environmental, social and governance documentation.
The studies are also expected to bring the project’s interdependent surface systems into a single engineering framework. These include processing throughput, water balance, power demand, tailings capacity and port logistics.
#Financing discussions continue
Brazil Potash says construction debt financing is being advanced through active dialogue with Development Finance Institutions and Export Credit Agencies. The announcement does not state that this financing has been secured.
The company’s description of the FEED work identifies lender requirements that must be addressed before capital is committed. Further financing and project conditions remain applicable.
#Roles of Wood and Promon Engenharia
Wood was selected for its experience in potash and fertilizer engineering. The company’s cited project record includes work as engineering contractor for K+S’s Bethune potash mine in Canada and involvement in Canadian and international potash expansions exceeding 8 million annual tonnes of production.
Promon Engenharia brings Brazilian engineering and project management experience, including work on industrial, mining and fertilizer developments. The company has 60+ years of delivery experience in Brazil and serves Brazilian and international mining operators.
According to Brazil Potash, Promon’s role includes addressing Brazilian engineering standards and construction regulations, local supply chains and labour markets, as well as environmental licensing, permitting and logistics requirements in Amazonas State.
#Autazes project context
Brazil Potash is developing the Autazes Project to supply potash to Brazil’s domestic market. The company says the project has an initial planned annual production of up to 2.4 million tons per year. Management believes it could potentially supply approximately 20% of current potash demand in Brazil, while anticipating that 100% of production will be sold domestically.
These production and sales statements are forward-looking and are subject to risks and uncertainties. The company also says its plans for the project, financing discussions, the FEED study, greenhouse gas emissions reductions, government regulation and environmental regulation may be affected by factors beyond its control.
#Annual report filing
Brazil Potash also confirmed that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2025, with the U.S. Securities and Exchange Commission. The filing includes the company’s complete audited financial statements and is available through the company and the SEC.
The company cautioned that its forward-looking statements speak only as of May 06, 2026, and said it does not undertake to update or revise them unless required by law.
#Key Takeaways
- Brazil Potash awarded the Autazes Project FEED contract to a consortium of Wood and Promon Engenharia.
- The work covers the processing plant, tailings facility, river barge port and approximately 13 km of road upgrades.
- FEED completion is described as a prerequisite for construction debt financing, with discussions continuing with DFIs and ECAs.
- Wood contributes international potash engineering experience, while Promon provides Brazilian engineering and project execution expertise.
- Brazil Potash also confirmed its Form 20-F filing for the fiscal year ended December 31, 2025.
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