Brazil Potash shares rise 10.36% intraday after securing 900k-ton annual potash offtake agreement with Keytrade.

Brazil Potash (GRO) surged 10.36% intraday following the announcement of a 10-year offtake agreement with Keytrade Fertilizantes Brasil, a subsidiary of Keytrade AG, to supply up to 900,000 tons of potash annually. The deal, which includes a take-or-pay commitment, marks a strategic milestone for the company, providing a stable revenue stream and enhancing its market position in the fertilizer sector. While a 10% shareholder, Sentient Executive GP III, LTD, sold its entire stake of 3.86 million shares at $2.00 apiece—slightly above the current price—the positive catalyst from the offtake agreement overshadowed the bearish signal from the insider sale. The stock’s sharp intraday rally aligns with the optimism surrounding the long-term contract, despite broader concerns about GRO’s weak financial health and liquidity pressures.