Argentina Potash secures $4.07M US DFC funding for El Ceibo project

The US International Development Finance Corporation (DFC) has approved $4.07M in project-development funding for Argentina Potash’s El Ceibo project in the Neuquén Basin, the company said on June 16.

It is the DFC’s first project-development award in Argentina and the first to align with the US-Argentina Critical Minerals Framework signed in February 2026. Washington designated potash a critical mineral in November 2025.

The funding will be matched dollar-for-dollar by the company, taking Phase 1 development to $8.15M. The work targets a 50,000-tonnes-per-year demonstration plant, scaling to 1 million tonnes per year of muriate of potash (MOP) at the commercial stage.

El Ceibo holds a resource of 1,606 million tonnes of sylvinite, equivalent to 391 million tonnes of contained potassium chloride. Chief executive Dr Chris Cornelius said the award validates the project’s role in diversifying potash supply.

Argentina Potash is targeting a listing on NYSE American in early 2027 under the ticker KCL. Argentina imports almost all of its potash, and a domestic source would cut reliance on Canadian, Russian and Belarusian material.

Source: World Fertilizer