07:01 AM EDT, 08/13/2025 (MT Newswires) -- Mosaic (MOS) said Wednesday it agreed to sell Mosaic Potassio Mineracao, operator of the Taquari-Vassouras potash mine in Brazil, to VL Mineracao for up to $27 million in cash and the assumption of about $22 million in asset retirement obligations.

The payment includes $12 million at closing, $10 million one year later, and $5 million over six years, with the deal subject to regulatory and other approvals, the company said.

It expects the transaction to close by year-end and to record the asset as held for sale in Q3 with an estimated $50 million to $70 million book loss, Mosaic said.