San Pedro, Belize – September 4th 2025 – Sucro Limited (“Sucro”) (TSXV: SUGR / OTCQB:
SUGRF), an integrated U.S. and Canadian sugar refiner and distributor, and Santander Sugar
Limited (SSL), a leading Belizean sugar mill, today announced the formation of an operational
joint venture, Caribbean Sugar Refinery Limited (CSR). The partnership aims to transform
the Caribbean sugar industry by building regional cane sugar refining capacity to serve the
CARICOM market from its proposed plant to be developed in Valley of Peace, Cayo, Belize.
The announcement follows the signing of a Memorandum of Understanding (MOU) with the
Government of Belize (GOB), signaling strong public-private collaboration to enhance economic development, create employment, and strengthen regional food security.