In an interview with the Canadian YouTube channel The Deep Dive, which specializes in stock market analysis for American stock market investors, Brazil Potash Corp. CEO Matt Simpson spoke with host Steve Hyland and shared updates on the Autazes Potash Project, highlighting its logistical advantages and potential impact on the Brazilian economy.
Developed in the municipality of Autazes, in the state of Amazonas, the project is the largest in Brazil aimed at producing potassium-based fertilizers. According to Simpson, the initiative could generate up to US$ 1 billion a year in EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for at least 23 years – which would increase the company’s value to up to US$ 9 billion, based on industry multiples.
Brazil currently imports 14 million tons of potash a year, which represents more than 20% of global consumption. According to Matt, Brazil Potash Corp. aims to reduce this Brazilian dependence by exploiting a deposit located just 12 km from a navigable river, which significantly reduces logistical costs. Potash is expected to be delivered to Brazilian producers for around US$ 130 per ton – below the US$ 200 charged by international competitors.
In the interview, Matt Simpson stated that to date, US$250 million has already been invested in the project, which is now seeking an additional US$2.5 billion for completion.
At the end of the conversation, the presenter stressed that this is one of the most promising stories of the year and invited Matt Simpson to return soon with further updates on the project’s progress.
Check out the full interview via the link in the bio or via Youtube below:
https://www.youtube.com/watch?v=50fGsNHwelw
