Brazil potash announces $28 million private placement

Manaus, brazil, oct. 17, 2025 (globe newswire) -- brazil potash corp. (nyse american: gro) ("brazil potash" or the "company"), a mineral exploration and development company with a critical mineral potash mining project, the autazes project, today announced that it 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 is comprised of one common share of the company and one common stock purchase warrant to purchase one common share (“common warrants”). each pre-funded unit is comprised of one pre-funded warrant to purchase one common share (“pre-funded warrants”) and one common warrant. 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 common shares and common warrants forming part of the common units and the pre-funded warrants and common warrants forming part of the pre-funded units are immediately separable and will be issued separately. gross proceeds from the private placement are expected to be approximately $28 million, before deducting expenses. the transaction is expected to close on october 20, 2025, subject to the satisfaction of customary closing conditions.
GRO Ratings Summary
GRO Quant Ranking