05:05 PM EDT, 07/14/2025 (MT Newswires) -- Brazil Potash ( GRO ) said Monday it signed a non-binding memorandum of understanding with Fictor Energia, part of the infrastructure division of Brazilian private equity firm Fictor.

Under the MOU, Fictor Energia will fund about $200 million in power transmission construction costs for Brazil Potash's ( GRO ) Autazes project, the company said.

Fictor Energia also plans to invest $20 million equity into Brazil Potash ( GRO ) in two tranches, the company said.

Brazil Potash ( GRO ) shares were rising 71% in recent after-hours activity.