Brazil Potash

Canaccord Genuity Acted as Lead Placement Agent to Brazil Potash Corp. on its $28 Million Private Placement

Canaccord  Genuity is pleased to announce that on October 17th, 2025, its client, Brazil Potash Corp ("Brazil Potash" or the "Company") (NYSE American: GRO), has entered into a private placement financing with certain institutional and accredited investors for the sale of an aggregate of 11,450,000 Common Units and 2,550,000 Pre-Funded Units. Each Common Unit has a purchase price of $2.00, and each Pre-Funded Unit has a purchase price of $1.999. The Pre-Funded Warrants will have an exercise price of $0.001 per common share, be immediately exercisable and remain exercisable until exercised in full. The Common Warrants are immediately exercisable at an exercise price of $3.00 per common share and will expire in five years. The transaction closed on October 27, 2025.

Company intends to use the net proceeds from the transaction for working capital and other general corporate purposes.

Canaccord Genuity acted as lead placement agent for the private placement.

Brazil Potash (NYSE American: GRO) 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 is planned to be transported primarily using low-cost river barges on an inland river system in partnership with Amaggi, one of Brazil’s largest farmers and logistical operators of agricultural products. If Brazil Potash is successful with its initial planned annual potash production of up to 2.4 million tons per year, Brazil Potash’s management believes it has the potential to 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 potentially concurrently mitigating approximately 1.4 million tons per year of GHG emissions.