Brazil Potash Announces 2024 Shareholder Meeting Voting Results and Welcomes Three New Directors to Its Board

Source: Brazil Potash

Brazil Potash announced the voting results from its Annual and Special Meeting of Shareholders, where the nominees listed in the Notice of Meeting dated May 29, 2024, were elected as directors. The company welcomed three new directors: Brett Lynch, Deborah Battiston, and Peter Tagliamonte. These new additions aim to provide further expertise and relationships as Brazil Potash finalizes permits and secures funding for project construction. The outgoing directors, David Gower, Carmel Daniele, and Andrew Puller, did not seek reelection. The company expressed gratitude for their valuable contributions, commitment, and sound knowledge, which helped bring Brazil Potash to its current near-construction-ready state.

Matt Simpson, CEO of Brazil Potash commented in a press release: “Brett, Deb and Peter will make great additions to our board given their years of experience in raising funds for project construction and/or permitting natural resource projects. These directors also bring important relationships across multiple relevant sectors that could be instrumental in unlocking further value for Brazil Potash stakeholders.”

The Board now consists of six directors: Chairman Stan Bharti, CEO Matt Simpson, the Honorable Pierre Pettigrew, Brett Lynch, Deborah Battiston, and Peter Tagliamonte. Four of these directors are independent, all possessing extensive experience in the natural resource sector.

Brett Lynch is a seasoned international company director and chief executive with a strong background in mining and mining-related businesses across Australia, Asia, and North America. With over 30 years in the global industry, Lynch has held senior positions at leading resource companies such as MIM Holdings, New Hope Corporation, Orica, VLI, and Sayona Mining Ltd., overseeing multi-million dollar international operations. He holds a Bachelor of Engineering (Mining) from the University of Melbourne, a Graduate Diploma of Business (Accounting) from Monash University, and a Company Director Diploma from the Australian Institute of Company Directors.

Deborah Battiston brings over 35 years of experience in the mineral resource mining and production sector. She has served as a director and chief financial officer for several Canadian public mineral resource companies, including Allana Potash Corp. As CFO of Allana Potash, she played a crucial role in multiple equity raises, acquisitions of significant mining assets, and the sale of Allana to Israeli Chemical Ltd., the world’s largest potash producer. Battiston holds a BA in Economics, is a Chartered Professional Accountant (CPA), and has an Institute of Corporate Director-Director (ICD.D) designation.

Peter Tagliamonte, an accomplished mining engineer, has an extensive 35-year career with significant achievements in developing large international mining projects. He specializes in underground mine development and shaft sinking, with over 20 years of experience in Brazil and fluency in Portuguese. Tagliamonte has managed complex regulatory environments and operational challenges, earning the title “Mine Manager of the Year” by the Mining Journal in 2005. He holds a mining engineering degree and an MBA from the University of Western Ontario.

Brazil Potash Obtains Processing Plant Installation License for Autazes Potash Project

On June 12, 2024, Brazil Potash Corp. announced that its Brazilian subsidiary, Potássio do Brasil Ltda., had received the processing plant Installation License, enabling the construction of the potash processing plant at the Autazes potash project. The Institute for Environmental Protection of Amazonas (IPAAM) issued 12 Installation Licenses and Authorizations, including those for the mine, processing plant, and port, allowing construction to begin.

The processing plant will be located in an area traditionally used for cattle pastures, aligning with Autazes’ economy, which is based on dairy and beef cattle. Initial construction activities have started, including drilling water wells near Urucurituba, benefiting the local community through lodging and food service provider usage.

IPAAM’s licenses allow Potássio do Brasil Ltda. to conduct vegetation suppression, archaeology services, rescue and handling of local fauna, and earthworks for the mine, processing plant, and port construction. Upon completing construction and government inspections, the Operating License will be granted, allowing for potash ore extraction and processing, expected to last at least 23 years.

Potássio do Brasil Begins Implementation Activities of the Potássio Autazes Project

On May 1st, Labor Day, Potássio do Brasil, a subsidiary of Brazil Potash, marked a significant milestone by beginning the implementation activities of the Autazes Potash Project. Equipment has started arriving in Urucurituba, Autazes, and initial hires are underway. The company aims to ensure quality and efficiency throughout the project while prioritizing environmental and social responsibilities. Potássio do Brasil continues to provide opportunities for job seekers and suppliers interested in joining this valuable project.

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.
Matthew Evanoff

I specialize in the mining industry, focusing on top global mining stocks. My reporting covers the latest industry news, company/project developments, and profiles of key players. With a degree in finance and economics from the University of Toronto, I've contributed to a wide range of industry publications. Beyond my professional pursuits, I have a keen interest in global business and a love for travel.

By Matthew Evanoff

I specialize in the mining industry, focusing on top global mining stocks. My reporting covers the latest industry news, company/project developments, and profiles of key players. With a degree in finance and economics from the University of Toronto, I've contributed to a wide range of industry publications. Beyond my professional pursuits, I have a keen interest in global business and a love for travel.

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