RE:RE:Brasil Potash - 'LI' secured......tothemoon,
extract from the link below:
Environmental License (“Licena Ambiental”): The environmental licensing process consists of a three-step system, each step is a separate license contingent upon the prior step. In the state of Minas Gerais there is the possibility of licensing phases simultaneously, depending on the size of the project, according to the Normative Resolution 217/2017. The three phases are, as follows:
• Preliminary License (“Licena Prvia – LP”): Granted at the planning stage of the project, this license signals the approval of its location, concept and environmental feasibility. It establishes the basic requirements to be met during the subsequent implementation phases. The maximum term for LPs is five years.
• Installation License (“Licena de Instalao – LI”): This license authorises the setup of the works and commencement of construction based on the specifications set forth in the previous license and the approved plans, programs and project designs, including environmental control measures. The maximum term for LIs is six years
• Operating License (“Licena de Operao – LO”): This license authorises the operation contingent upon compliance with the terms of the LO and the LI, including any environmental control measures and operating conditions. The maximum term for LOs is 10 years.
https://investor.verde.ag/wp-content/uploads/2023/03/Verde-AgriTech-Plc-AIF-for-Year-End-December-31-2022-March-30-2023.pdf