Brazilian Potash Corporation (GRO.US), a Canadian producer of potassium fertilizers, filed for a listing on the New York Stock Exchange, aiming to raise up to $100 million through an IPO.

Canada Potash Corp. (GRO.US) on Tuesday filed with the U.S. Securities and Exchange Commission to raise up to $100 million in an initial public offering. The company is developing a potash mine project in the Amazon basin of Brazil.

Brazil Potash Corp. is a mineral exploration and development company focused on the development of a potash mine project in the state of Amazonas, Brazil. The company is currently in the pre-revenue development stage and is working to obtain the necessary permits and licenses to begin construction of the project. Once operational, the company plans to mine and process potash-bearing minerals from underground mines and sell potash domestically in Brazil, with the goal of reducing Brazil's severe dependence on imported potash. The company believes its strategic location near the Amazon River system, as well as its connection to Brazil's national power grid, will make it more competitive in terms of cost and carbon emissions compared to international potash suppliers.

The Toronto-based company was founded in 2006 and plans to list on the New York Stock Exchange. Cantor Fitzgerald, Bradesco BBI, Freedom Capital Markets and Roth Capital are the joint lead managers for the transaction.