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Verde AgriTech Ltd. T.NPK

Alternate Symbol(s):  VNPKF

Verde AgriTech Ltd is an agricultural technology company that produces potash fertilizers. The principal activity of the Company is the production and sale of a multinutrient potassium fertilizer marketed in Brazil under the brands K Forte and BAKS, and internationally as Super Greensand (the Product). K Forte is a potash fertilizer that is a source of potassium, silicon, and magnesium and micronutrients. BAKS is a combination of K Forte plus three other nutrients that can be chosen by customers according to their crops’ needs. It mines and processes its main feedstock from its 100% owned mineral properties, then sells and distributes the Product. Its Cerrado Verde Project is located in Minas Gerais state, Brazil, which is a potassium-rich deposit, from which it is producing solutions for crop nutrition, crop protection, soil improvement, and increased sustainability. Its technologies are Cambridge Tech, 3D Alliance, MicroS Technology, N Keeper, and Bio Revolution.


TSX:NPK - Post by User

Post by PedroPistacioon Aug 20, 2020 3:08pm
198 Views
Post# 31435165

Up at 73 cents

Up at 73 centsEncouraging to see a positive share price reaction to the expanded extraction permitting. 430,000 tonnes extracted, and if all sold per annum)  at CAD$22 a tonne gross profit (as per the rate achieved in Q2) should provide enough capital for the next stage of expansion. I think the plan for the end of  Phase 2 is for 2.5m tonnes isn't it? If so there's a while to go yet and therefore I hope the Brazilian Govt will issue future permits in larger tonnage increments. It will take a long time to meet these production targets otherwise. Still, good news recently in terms of sales growth and production permits.  
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