Research from Water Tower Research, Water Tower Research

Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Research from Water Tower Research

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Equity Bottom-Up

<div><ul><li>Strategic domestic large-scale potash resource. Brazil Potash Corp. (NYSE AMERICAN: GRO) is developing the Autazes project, an underground mine designed to supply ~2.4MM mt/yr of granular potash (KCl) into Brazil’s rapidly growing agricultural market.</li><li>The company controls potentially one of the world’s largest undeveloped potash basins, with 23 years of economic reserves defined on less than 5% of the area drilled.</li><li>Autazes is positioned to displace a meaningful portion of Brazil’s reliance on imports from Canada, Russia, and Belarus, which collectively supply ~80% of global potash.</li></ul></div>

Strategic domestic large-scale potash resource. Brazil Potash Corp. (NYSE AMERICAN: GRO) is developing the Autazes project, an underground mine designed to supply ~2.4MM mt/yr of granular potash (KCl) into Brazil’s rapidly growing agricultural market.The company controls potentially one of the world’s largest undeveloped potash basins, with 23 years of economic reserves defined on less than 5% of the area drilled.Autazes is positioned to displace a meaningful portion of Brazil’s reliance on imports from Canada, Russia, and Belarus, which collectively supply ~80% of global potash.

GRO: Developing Strategic Resource for Domestic Needs and Beyond