Brazil Potash Corp.
GRO · Mining & Quarrying of Nonmetallic Minerals (No Fuels) · EDGAR filings ↗
Reference price $2.00 — last insider sale, 2025-11-12 (estimated from the dated SEC Form 4 price — not a live quote)
Grade
D43Pre-revenue Brazilian potash developer with explicit going-concern doubt and no operating mine.
Strengths
- High current/quick ratio 10.8 and ~8 quarters of runway on a small cash base
- Large defined reserves and offtake agreements if Autazes is built
Risks
- Going-concern doubt disclosed; no revenue, ROA -31%, ROE -33%, negative interest coverage
- Mining concession not yet granted; highly speculative, needs substantial dilutive financing
Notable findings
- No interest coverageInterest coverage -54.40 (cannot cover interest)
- Going concern• Our financial situation creates substantial doubt whether we will continue as a going concern
- Cash burnNegative free cash flow (-13.2M)
Key metrics
Return on equity
-33.0%
Return on assets
-30.9%
Interest coverage
-54.4×
Current ratio
10.8×
Free cash flow
-$13M
Tangible book value
$158M
Cash & investments
$28M
Cash runway
8q
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2025-11-12 | SENTIENT EXECUTIVE GP III, LTD | Sell | 3.9M | $2.00 |
All non-derivative Form 4 activity (SEC), newest first.
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-03-23 | 2025-12-31 | 0001193125-26-119937 ↗ |
| 20-F | 2025-03-28 | 2024-12-31 | 0001193125-25-067248 ↗ |