Mosaic
30 named things its latest annual report says its results depend on, each in the company's own words. 14 of them are also named by other companies we've read.
Suppliers
Miski Mayo Mine (Peru)
depends on · 75% economic interestnamed as a riskIf the Government of Peru’s proactive efforts to address the social and environmental issues surrounding natural resource activities are not successful, protests could extend to or impact the Miski Mayo Mine and adversely affect our interest in the Miski Mayo joint venture or the supply of phosphate rock to us from the mine.Risk factors (Item 1A)
North American oil refineries
depends onnamed as a riskReduced oil refinery operating rates in the U.S. and Canada could result, and have, in the past, resulted in decreased availability of molten sulfur, which could increase costs of sulfur procurement or decrease availability of sulfur needed in our phosphate fertilizer production operations.Risk factors (Item 1A)
Partners and platforms
Canpotex
earns from · 36.2%named as a riskOur sales of potash products outside of the U.S. and Canada are made through Canpotex.Business (Item 1)
Tiplam port
depends on · approximately 1%Our ownership percentage, along with a contractual agreement, guarantee us unloading priority for ammonia and also provide us unloading capacity for rock, sulfur and crop nutrients.Business (Item 1)
Other companies
Saudi Arabian Mining Company (Ma'aden)
named as a riskIn addition, our investment in Ma’aden is subject to stock‑market volatility, and declines in the market value of its publicly traded shares could reduce the value of our investment and negatively impact our results of operations and liquidity.Risk factors (Item 1A)
Also named by AA
Places
Florida
concentrated in · approximately 9.5 million tonnesnamed as a riskAll of our wholly-owned phosphate mines and related mining operations in North America are located in central Florida.Business (Item 1)
Also named by ABR, ALLY, AN, AXP, AZO, BBY, BJ, BRO and 54 more
Brazil
operates in · approximately 17% of fertilizer shipments in Brazilnamed as a riskIn 2025, Mosaic Fertilizantes sold approximately 9.0 million tonnes of crop nutrient products and accounted for approximately 17% of fertilizer shipments in Brazil.Business (Item 1)
Also named by ADM, ASO, AZO, BALL, CPAY, CPRT, CTVA, DE and 32 more
Outside the U.S.
earns from · approximately 64% of our net salesnamed as a riskIn 2025, we derived approximately 64% of our net sales from customers located outside of the U.S.Risk factors (Item 1A)
Saskatchewan
operates in · approximately 291,500 acresMosaic leases approximately 291,500 acres of mineral rights from the government of Saskatchewan, and approximately 99,300 acres of freehold mineral rights in the Kronau/Regina area, which have not been developed.Business (Item 1)
Carlsbad, New Mexico potash mine
operates in · approximately $185.0 millionAs of December 31, 2025, the assets and liabilities are considered held for sale and we recorded an impairment loss of approximately $185.0 million.Business (Item 1)
China
competes withnamed as a riskThe level of exports by Chinese producers of concentrated phosphate crop nutrients depends to a significant extent on Chinese government actions to curb exports through, among other measures, prohibitive export taxes at times when the government believes it desirable to assure ample domestic supplies of concentrated phosphate crop nutrients to stimulate grain and oilseed production.Risk factors (Item 1A)
Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more
Hazards
Hurricanes (Florida and Louisiana)
operates innamed as a riskIn the past, hurricanes have resulted in physical damage to and outages at our facilities in Florida and Louisiana.Risk factors (Item 1A)
Also named by AIG, AN, ASO, BAC, BBY, BJ, BPOP, BRO and 89 more
Mississippi River
depends onnamed as a riskFor example, the Mississippi River was in drought condition for parts of 2022 and 2023, affecting barge movement on the river.Risk factors (Item 1A)
Seismic activity (Esterhazy and Louisiana)
operates innamed as a riskOur Esterhazy mine and Louisiana facilities have experienced minor seismic events from time to time.Risk factors (Item 1A)
Esterhazy mine brine inflows
operates innamed as a riskSince December 1985, we have had inflows of brine water into our Esterhazy, Saskatchewan K1 and K2 potash mines.Risk factors (Item 1A)
Commodities and inputs
Henry Hub natural gas
exposed to its price · approximately 12.7 million MM BTUnamed as a riskWe typically purchase approximately 12.7 million MM BTU of natural gas per year for use in ammonia production at Faustina.Business (Item 1)
Also named by AM, AR, ATI, BSM, BTU, CNX, CRGY, DVN and 13 more
Sulfur
exposed to its price · approximately 2.9 million long tonsnamed as a riskChanges in the price of sulfur or disruptions to sulfur transportation or terminaling facilities could have a material impact on our business.Business (Item 1)
Ammonia
exposed to its price · approximately 0.9 million tonnesnamed as a riskChanges in the price of ammonia or disruptions to ammonia transportation or terminaling could have a material impact on our business.Business (Item 1)
AECO natural gas
exposed to its price · 17.1 million MM BTUCombined natural gas usage for both the solution and shaft mines totaled 17.1 million MM BTU during 2025.Business (Item 1)
Also named by MUR
Regulators
Florida Department of Environmental Protection
subject tonamed as a riskHigh water balances in the past at phosphate facilities in Florida also led the Florida Department of Environmental Protection (“FDEP”) to adopt rules requiring phosphate production facilities to meet more stringent process water management objectives for phosphogypsum stack systems.Risk factors (Item 1A)
Laws and programs
U.S. tariffs on Canadian potash
subject to · 25% tariffnamed as a riskThe prolonged imposition of these tariffs could have a material adverse effect on our business, financial condition and results of operations.Risk factors (Item 1A)
CFEM (Brazil National Mining Agency)
subject to · approximately $25.5 millionIn 2025, we paid royalties and resource taxes of approximately $25.5 million.Business (Item 1)
United States-Mexico-Canada Agreement (USMCA)
subject tonamed as a riskThis tariff went into effect on March 4, 2025, but beginning March 7, 2025, the U.S. exempted from this tariff goods that qualify as wholly originating in Canada under the United States‑Mexico‑Canada Agreement, including potash from Mosaic’s Canadian operations.Risk factors (Item 1A)
Also named by AYI, BMI, BWA, CLF, CMI, CP, CW, DCH and 29 more
CERCLA
subject tonamed as a riskWe periodically have incurred and may incur liabilities and cleanup costs, under CERCLA and other environmental laws, with regard to our current or former facilities, adjacent or nearby third-party facilities or offsite disposal locations.Risk factors (Item 1A)
Also named by AA, AAOI, ALB, AN, APD, APLD, ATI, AWK and 27 more
Clean Water Act Section 404
subject tonamed as a riskWhile that decision is under appeal, the change in permitting authority may complicate and delay the receipt of 404 permit approvals.Risk factors (Item 1A)
U.S. countervailing duty orders on phosphate fertilizer from Morocco and Russia
subject tonamed as a riskA reversal of, or change in, the ITC’s or DOC’s prior determination in the CVD investigations could have an adverse effect on our business, financial condition or operating results.Risk factors (Item 1A)
RCRA Consent Decrees
subject tonamed as a riskIn addition to the FDEP, the U.S. Environmental Protection Agency (“EPA”) and the Louisiana Department of Environmental Quality also have similar requirements for water management objectives as outlined in our U.S. Resource Conservation and Recovery Act (“RCRA”) Consent Decrees.Risk factors (Item 1A)
Brazil customer financing guarantees
insures or lends tonamed as a riskIn Brazil, where there are fewer third-party financing sources available to farmers, we also have several programs under which we guarantee customers’ financing from financial institutions that they use to purchase our products.Risk factors (Item 1A)
Saskatchewan Potash Production Tax
subject toThe Potash Production Tax is a Saskatchewan provincial tax on potash production and consists of a base payment and a profits tax.Business (Item 1)