What has Brazil Potash announced?

Brazil Potash Corp. announced that its wholly-owned Brazilian subsidiary, Potássio do Brasil Ltda., received official registration from SUFRAMA, the federal agency responsible for managing tax incentive regimes under the Manaus Free Trade Zone framework in the Western Amazonas Region. The registration was received on December 16, 2025.

What does the SUFRAMA registration allow?

The registration makes Potássio do Brasil Ltda. eligible to apply for and operate under SUFRAMA-administered federal tax incentive procedures, subject to applicable rules, procedures, approvals and project-specific authorisations. It does not by itself confirm that individual tax incentives have been approved.

What potential tax savings has Brazil Potash identified?

The Company estimates that access to SUFRAMA-administered federal tax incentive regimes could result in up to ~US$94 million in estimated tax savings over the construction phase. The estimate remains subject to compliance with applicable requirements and individual authorisations, and the source identifies failure to receive approvals for requested tax savings or exemptions as a risk.

Which tax incentive regimes are described?

The source identifies potential exemption or reduction on qualifying imports under the Import Duty regime, subject to SUFRAMA and Federal Revenue procedures and approvals. It also identifies exemption on qualifying goods imported or produced under the ZFM framework for the Tax on Industrialized Products regime, subject to applicable rules and approvals. The exemptions apply to capital expenditures during the construction phase of the Autazes Project.

What is the Autazes Project?

Brazil Potash describes the Autazes Project as a critical mineral potash agriculture project being developed to supply fertilizers in Brazil. The source states that potash produced would be transported primarily using river barges in partnership with Amaggi. It also says Brazil imported over 95% of its potash fertilizer in 2024. Statements concerning production capacity, domestic sales and environmental benefits are forward-looking and subject to risks and uncertainties.

Which company and listing venue are referred to in the announcement?

The issuer is Brazil Potash Corp., identified in the source as Brazil Potash Corp. (NYSE-American: GRO). Its wholly-owned Brazilian subsidiary is Potássio do Brasil Ltda. The source does not identify any other listing venue or ticker symbol.

What risks and uncertainties does the source identify?

The source identifies risks including changes in government policies and procedures, failure to receive requested tax savings or exemptions, uncertainties concerning estimates, changes in legislation and regulation, success in obtaining required licences and permits, the ability to secure project financing, unexpected geological or environmental conditions, political or economic developments, capital-market changes, currency and exchange-rate fluctuations, and other operational risks. It states that forward-looking statements are not guarantees of future performance and that actual results may differ materially.

Brazil Potash Receives SUFRAMA Registration for Autazes Project

Brazil Potash Corp. said its wholly-owned Brazilian subsidiary, Potássio do Brasil Ltda., has received official registration from SUFRAMA, the federal agency overseeing tax incentive arrangements under the Manaus Free Trade Zone framework in the Western Amazonas Region. The registration could provide access to federal tax incentive procedures for the Autazes Project, although individual benefits remain subject to rules, approvals and project-specific authorizations.

#Registration received in Manaus

Potássio do Brasil received its registration certificate during a formal ceremony in Manaus on December 16, 2025. Raphael Bloise, Project Director of Potássio do Brasil, represented the company at the event, where the certificate was presented by Bosco Saraiva, Superintendent of SUFRAMA.

Brazil Potash said the registration supports assumptions included in the Autazes Project’s financial model. Raphael Bloise said it improves visibility and predictability in that model, while emphasizing that actual tax incentives remain subject to applicable rules, procedures and project-specific authorizations.

#Potential construction-phase tax savings

The company estimates that access to SUFRAMA-administered federal tax incentive regimes could result in up to ~US$94 million in estimated tax savings over the construction phase. The estimate is subject to compliance with applicable requirements and individual authorizations.

The registration does not itself confirm that each tax incentive has been granted. The company’s stated eligibility is to apply for and operate under the relevant procedures, subject to applicable rules, approvals and project-specific authorizations.

#Incentive regimes identified by the company

Brazil Potash identified two federal regimes that may apply to qualifying construction-related expenditures:

Import Duty (Imposto de Importação - II): A potential exemption or reduction on qualifying imports under the Manaus Free Trade Zone framework, subject to SUFRAMA and Federal Revenue procedures and approvals.
Tax on Industrialized Products (Imposto sobre Produtos Industrializados - IPI): An exemption on qualifying goods imported or produced under the ZFM framework, subject to applicable rules and approvals.

The company said these exemptions relate to capital expenditures during the construction phase of the Autazes Project. SUFRAMA administers the regimes and is linked to Brazil’s Ministry of Development, Industry, and Trade.

#Autazes Project context

Brazil Potash is developing the Autazes Project as a potash agriculture project in Brazil. The company says the planned output would be transported primarily by river barges through an inland river system in partnership with Amaggi.

Brazil Potash also states that Brazil imported over 95% of its potash fertilizer in 2024. Its statements on planned production, domestic sales and greenhouse gas emissions are forward-looking and remain subject to risks and uncertainties.

#Conditions and risks

The company has identified changes in government policies and procedures, failure to receive requested tax savings or exemptions, and uncertainty around estimates as risks associated with the registration and its potential benefits. Other stated risks include changes in legislation and regulation, obtaining required licences and permits, securing project financing, unexpected geological or environmental conditions, political or economic developments, capital-market changes, and currency and exchange-rate fluctuations.

Further terms, conditions, procedures and authorizations apply to the tax incentive arrangements and are not all set out here. Brazil Potash cautioned that forward-looking statements are not guarantees of future performance and that actual results may differ materially.

#Key Takeaways

Potássio do Brasil Ltda. received official SUFRAMA registration in Manaus on December 16, 2025.
The registration makes the subsidiary eligible to apply for and operate under specified SUFRAMA-administered tax incentive procedures.
Brazil Potash estimates potential tax savings of up to ~US$94 million over the Autazes Project’s construction phase.
Potential Import Duty and IPI benefits remain subject to applicable procedures, requirements, approvals and project-specific authorizations.
The company has identified regulatory, financing, permitting, geological, environmental and market-related risks.

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Brazil Potash subsidiary receives SUFRAMA registration tied to potential tax savings