Brazil Potash Establishes Advisory Board Chaired by Mayo Schmidt

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AMAZONAS, Brazil, July 16, 2024 (GLOBE NEWSWIRE) — Brazil Potash Corp. (“Brazil Potash” or the “Firm”) is happy to announce the formation of an advisory board to offer additional sector, Brazil nation and investor relationship experience because the Firm advances the Autazes potash mission (the “Mission”) to development. The advisory board shall be Chaired by Mayo Schmidt and consists of the next extremely notable people: Kátia Abreu, Luis Adams, Helio Diniz, Maria Claudia Guimaraes, Cidinho Santos, and William Steers.

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The next is a few background on the huge expertise introduced by Brazil Potash’s Advisory Board.

Mayo Schmidt – former Chairman & CEO of Nutrien, former CEO Viterra, and former CEO Hydro One

Mr. Schmidt has led a distinguished profession that features world multi-billion-dollar acquisitions, constructing excessive efficiency groups, transformational management and preliminary public choices of personal firms. In 2022, Mr. Schmidt retired from Nutrien Inc., the biggest potash producer globally with ~US$25 billion market capitalization, having served as Chairman of the Board and transitional President & CEO. In 2018, Mr. Schmidt was appointed by Agrium as Chairman of the Merger Committee between Agrium and Potash Company resulting in the formation of Nutrien Inc.

Mr. Schmidt can be the previous President, CEO and Director of Viterra Inc., which he grew from a market capitalization of $54 million to $7.3 billion in lower than ten years via a sequence of 24 acquisitions establishing a presence in 14 nations. Earlier in his profession, Mr. Schmidt held plenty of key administration positions, largely within the agricultural sector working for firms equivalent to Common Mills Inc. and ConAgra Inc.

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Kátia Abreu – Former Brazil Minister of Agriculture & Senator

Mrs. Abreu is a Brazilian businesswoman, cattle rancher and politician. She was Brazil’s Minister of Agriculture, Livestock and Provide from 2003-2007 and Senator for the state of Tocantins from 2007-2023. In 2018, as a part of Ciro Gomes’ marketing campaign, she was a candidate for Vice President of Brazil. Mrs. Abreu is the previous head of the biggest farm lobbying group in Brazil, the Nationwide Agriculture and Livestock Confederation, which represents a couple of million producers throughout 27 states.

Luis Adams – Former Brazil Legal professional Common

Mr. Adams is a Accomplice within the Litigation, Arbitration and Compliance follow at Tauil Chequer Advogados, related to Mayer Brown legislation agency primarily based on Sao Paulo, Brazil. Previous to becoming a member of Mayer Brown, Mr. Adams was appointed by Brazil President Lula to be the Legal professional Common in October 2009 and he remained on this place underneath subsequent President Dilma till March 2016. As Legal professional Common, Mr. Adams led main circumstances within the judiciary together with coordination of an surroundings settlement between the Brazilian Authorities and Samarco, Vale and BHP. Mr. Adams additionally has intensive tax expertise, having labored as counsel for the Federal Treasury on the Brazil Ministry of Finance for twenty-four years.

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Helio Diniz – Founding father of Brazil Potash

Mr. Diniz has 40 years of expertise with exploration and mining actions and is among the founders of Brazil Potash the place he served for a number of years as Managing Director. Mr. Diniz began his profession with GENCOR South Africa the place he was concerned within the analysis and growth of the Sao Bento gold mine in Brazil which operated for 25 years. In 1999 he joined Noranda Mining as nation supervisor Brazil and following the merger of Noranda and Falconbridge Ltd his group found the world class Araguaia Nickel Deposit (over 100 million tonnes, 1.5% Ni). He then went on to work for Xstrata (now Glencore) as Managing Director Brazil. He left Xtrata in 2007 and joined Forbes & Manhattan Inc. to arrange a number of firms, equivalent to potash – Brazil Potash, phosphate – Aguia Metais, gold – Belo Solar Mining and oil shale – Irati Petroleo e Energia Ltda. At the moment he’s the founder, President and Director of Lithium Ionic.

Maria Claudia Guimaraes – Former Government Officer at Financial institution of America Merrill Lynch in Brazil

Mrs. Guimaraes has 36 years of expertise within the monetary markets having served as Managing Director at Financial institution of America Merrill Lynch and BankBoston. She additionally held senior administration positions at ING Financial institution N.V. and ABN AMRO Financial institution, all the time specializing in the mining & metals, oil & gasoline and vitality sectors. Mrs. Guimaraes is an impartial director at Patria Latin American Alternative Acquisition Corp and beforehand served as an impartial director at multibillion greenback market capitalization firm’s equivalent to Petrobras. Mrs. Guimaraes was a associate of the KPC multi-family workplace, which was offered to Brainvest Wealth Administration in 2023. Mrs. Guimaraes is the founding father of Baobá Investimentos, who act as a strategic and monetary advisor for firms. 

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Cidinho Santos – Former Senator for Mato Grosso State (largest farming area in Brazil)

Mr. Santos is a Brazilian investor and businessman targeted on the agricultural sector. Mr. Santos represented the state of Mato Grosso within the Federal Senate from 2012 to 2019 and served three phrases as Mayor of the Municipality of Nova Marilandia situated in Mato Grosso State. He’s the co-owner of two profitable Brazil-based agricultural firms, Unibras Industria e Comercio de Biodiesel Ltda. and Unioa Avicola Agroindustrial Ltda. Unibras Industria e Comercio de Biodiesel Ltda. is concerned within the manufacturing of biodiesel whereas Unioa Avicola Agroindustrial Ltda. is a poultry processor.

William Steers – Former Director of Petro Rio S.A. & Docs Investimentos S.A. Brazil

Mr. Steers has over 30 years of expertise in capital markets and mission growth primarily in Brazil. He was a director and senior supervisor at Docas Investimentos S.A., a Brazilian funding group concerned in actual property, ship constructing, telecommunications, and oil and gasoline. Moreover, Mr. Steers has served as an impartial director at a number of pure useful resource firms together with Petro Rio S.A., Brazil’s largest impartial non-public oil and gasoline firm.

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Brazil Potash’s Government Chairman Stan Bharti commented, “Brazil Potash has assembled a really spectacular advisory board with intensive depth of networks within the fertilizer sector, Brazil’s authorities and the funding group that can contribute meaningfully to transitioning our development prepared Autazes Mission into the subsequent main potash producer. Every advisory board member is a talented chief with a powerful community that can present good recommendation and insights to our worldwide board of administrators with majority having on-the-ground presence within the heartland of Brazil’s farming group, Mato Grosso.”

Having home Brazilian potash manufacturing is predicted to be recreation altering for world meals safety given Brazil is one the world’s largest internet exporters of agricultural items however is uncovered because the nation imports over 95% of its wants when doubtlessly one of many world’s largest potash basins is sitting in its yard being developed by Brazil Potash.

About Brazil Potash

Brazil Potash has superior its large-scale growth stage potash mission to a close to development prepared state. Brazil is among the world’s largest and quickest rising customers of potash however imports 98% of its wants at excessive price. In consequence, over 1.3 million tonnes of Greenhouse Fuel emissions are unnecessarily generated from maritime transportation and potash manufacturing in jurisdictions with larger emission elements.  Brazil Potash’s sylvanite ore physique is in Brazil beside a significant river, which administration anticipates will allow the corporate to extract, course of and ship potash for a similar price that importers pay for transportation alone.  The corporate has accomplished a feasibility examine, EISA and obtained nearly all of the permits required for mission development.

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For extra info, please contact:
Brazil Potash Investor Relations
information@brazilpotash.com

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