Nov 5 (Reuters) - Mosaic is reviewing several

assets and strategic talks with multiple parties are ongoing,

Chief Financial Officer Luciano Pires told analysts on a

conference call on Wednesday.

The fertilizer maker earlier this year revealed plans to

reallocate capital away from lower-return assets as it

streamlines its portfolio.

It has sold its Taquari-Vassouras potash mine and the idled

Patos de Minas phosphate mining unit in Brazil this year.

The Taquari-Vassouras divestiture is expected to eliminate

more than $20 million in capital investments in the short term,

Pires said, adding that he expects capital reallocation to

gather steam in 2026.

Mosaic, which beat analysts' expectations for third-quarter

results on Tuesday, said an increase in working capital would

result in cash flow levels well below "what is intrinsic to the

business" in 2025.

However, with a stabilization in raw-material prices and

inventory adjustments in Brazil and North America, free cash

flow is expected to improve significantly in 2026.

"Therefore, (we are) prudently deferring any extraordinary

dividends or buybacks to 2026," Pires said.

Shares of the company were down marginally at $26.37 in

afternoon trading.

(Reporting by Vallari Srivastava and Khusbu Jena in Bengaluru;

Editing by Sriraj Kalluvila)