Brazil Potash Further Strengthens Board of Directors with Appointment of Christian Joerg
06 Gennaio 2025 - 12:45PM
Brazil Potash Corp. (“Brazil Potash” or the “Company”)
(NYSE-American: GRO), a company developing and constructing the
largest potash fertilizer project in Brazil, today announced the
appointment of Christian Joerg to its Board of Directors, effective
immediately. Mr. Joerg brings over three decades of leadership in
agricultural commodities, international trade, agriculture finance,
and food security throughout Africa and the Middle East.
“Christian's appointment strengthens our Board
as we progress construction of the Autazes Potash Project. His deep
industry expertise in global agricultural markets and extensive
relationships in the Middle East will significantly contribute to
our future success. His proven record of successfully building and
managing global agricultural businesses, combined with his
experience in trade finance and risk management, will be
instrumental in helping guide Brazil Potash's strategic growth,”
said Mayo Schmidt, Executive Chairman of Brazil Potash.
Mr. Joerg is Chief Executive Officer of VA
Intertrading Aktiengesellschaft (VAIT), Austria's leading trading
company. Most recently, Mr. Joerg served as Vice President, Trade,
SALIC (Saudi Agricultural and Livestock Investment Company) and was
previously head of Agriculture Supply Chain Investments and
Portfolio Management responsible for the development and execution
of Saudi Arabia’s global food security strategy. Previously, Mr.
Joerg served as CEO of MAG Commodities (2013-2016), Vice President
and Managing Director for Viterra's Europe, Middle East and Africa
operations (2008-2013), Executive Director of Commodity Trade
Finance at UBS (2005-2008), and Vice President and Managing
Director of Collateral Management at SGS (1998-2005).
Mr. Joerg holds degrees from Dr. Räbers Business
College in Zürich and the Agricultural College Strickhof. He is
multilingual, speaking German, English, French, and Dutch.
About Brazil
Potash
Brazil Potash (NYSE-American: GRO)
(www.brazilpotash.com) is developing Brazil’s largest potash
project that will 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 is vulnerable as it imports over 95% of its potash
fertilizer despite having what is anticipated to be one of the
world’s largest undeveloped potash basins in its own backyard. The
potash produced will be transported primarily using low-cost river
barges on an inland river system in partnership with Amaggi
(www.amaggi.com.br), one of the largest farmers and logistical
operators of agricultural products in Brazil. With initial planned
annual potash production of 2.4 million tons per year, Brazil
Potash will supply approximately 17% of the growing potash demand
in Brazil with future plans to double output. 100% of Brazil
Potash’s production will be sold domestically to reduce Brazil’s
reliance on potash imports while concurrently mitigating
approximately 1.4 million tons per year of GHG emissions.
Cautionary Note Regarding
Forward-Looking Statements
This press release includes forward-looking
statements, which are statements that are not historical facts.
Words such as “expects”, “anticipates” and “intends” or similar
expressions are intended to identify forward-looking statements.
Such forward-looking statements, including statements relating to
the appointment of a new director and the potential benefits of
such appointment, are subject to risks and uncertainties, many of
which are beyond the control of the Company, including those
described in the “Risk Factors” section of the Company’s
registration statement on Form F-1, as amended, for the IPO filed
with the SEC and the supplemented PREP prospectus filed in each of
the provinces and territories of Canada, other than Québec. Readers
are cautioned not to place undue reliance on any of these
forward-looking statements. These forward-looking statements speak
only as of the date hereof. The Company expressly disclaims any
obligations or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in the Company’s expectations with respect
thereto or any change in events, conditions or circumstances on
which any statement is based, unless required by law.
Contact:
Brazil Potash Investor Relations info@brazilpotash.com
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