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Amazon’s strategy has been to utilize its treasury conservatively in developing its projects. The Company believes the strategic importance of potash to Brazil will provide financing opportunities outside of conventional markets. These sources include government, land funds, growers associations and established fertilizer distributors. We hope to involve such groups early in the development process to help build a strong market. Our recent announcement that Brazil’s Centre for Mineral Technology (“CETEM”), a government sponsored research and development institute, had agreed to fund metallurgical tests on verdete from Amazon’s Cerrado Verde Project, served as a confirmation that our strategy can advance the project. CETEM
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Created in 1978, CETEM is linked to the Ministry of Science and Technology (“MCT”). Its mandate is to advance the technological and environmental understanding and development of Brazil’s rich and abundant mineral resource for the betterment of Brazilian society. CETEM is mostly funded by Brazilian federal public resources and its established track record includes the provision of over 750 technological project papers that have assisted mainly small and medium sized companies operating in the mining, metallurgical, chemical and materials industries. Further information is available at