CD Capital Asset Management Ltd Reports 19.24% Stake in Brazil Potash Corp.

On April 29, 2026, CD Capital Asset Management Ltd filed a Schedule 13G/A reporting a significant position in Brazil Potash Corp. (GRO). The filing indicates that CD Capital Asset Management Ltd, acting as the investment advisor to CD Capital Natural Resources BPC LP (CD CNR BPC), beneficially owns 10,446,999 common shares, representing a 19.24% ownership stake. Additionally, Carmel Daniele, the founder and Chief Investment Officer of CD CNR BPC, is reported to have beneficial ownership of 11,437,124 shares, or 21.08%, which includes the shares held by CD CNR BPC plus 990,125 shares held directly. The filing is an amendment to a previous statement, marking an increase from a reported 0% in prior snapshots to the current substantial holding. The reporting persons certify that the securities were acquired in the ordinary course of business and not with the intent to influence or change the control of the issuer. This significant investment positions CD Capital as a major institutional shareholder in the Toronto-based potash company.