Franco-Nevada royalty option over Autazes project

On November 6, 2024, Franco-Nevada Corporation ("Franco-Nevada") announced that it acquired an option from Brazil Potash Corporation (“Brazil Potash”) to purchase a 4.0% gross revenue royalty on potash produced from Brazil Potash's Autazes project in Brazil.

Located in the Amazonas State of Brazil, the Autazes project is a sylvinite potash mine that is expected to be one of the largest potash mines in Latin America. It is 100% owned by Brazil Potash.

With initial planned annual potash production of 2.4 million tons per year, Brazil Potash’s management believes it could potentially supply approximately 17% of the growing potash demand in Brazil with future plans to double output.

The option acquisition showed Franco-Nevada’s interest in participating in Brazil Potash’s US$30 million initial public offering on the NYSE American, which closed November 29, 2024. Franco-Nevada participated as a cornerstone investor.

Information can be found on Canada Newswire’s website.

Brazil Potash is developing Brazil’s largest potash project that will supply sustainable fertilizers to one of the world’s largest agricultural exporters.

Franco-Nevada is the leading gold-focused royalty and streaming company with the most diversified portfolio of cash-flow producing assets. Its business model provides investors with gold price and exploration optionality while limiting exposure to cost inflation.