any word on Plant #2 yet? financed by warrant money? Operationally, Verde AgriTech is investing C$1 million in the expansion of its plant facilities at Cerrado Verde, as it plans for ramp-upped production of its flagship product. Construction, which was financed exclusively from cashflow, concluded in October 2019 and increased the plant's production capacity to 500,000 tons per year.
Verde has also been granted an environmental license for a new plant, which the company plans to build adjacent to one of its mining pits. The new plant is ultimately expected to produce 890,000 tons of product per year. In addition, the company received mining permits for two other pits.