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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 multi-nutrient potassium fertilizer marketed in Brazil under the brands K Forte and BAKS, Silicio Forte, 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 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 15Stanmoreon Oct 20, 2021 7:54am
285 Views
Post# 34025931

Mining License Approved

Mining License ApprovedHello Janota,

Many thanks for the mining license approval update. It does look like all the prerequisites have been ticked off and the paperwork is in process to generate a formal licence for the 2.5 million tonnes per year to proceed.

We will look forward to hearing this confirmed in a news release from Verde in the coming days. Perhaps they will wait for the Q3 report and include it in that release, although you would think with the expected positive impact on the Verde share price they would release this very good news immediately.

With the new licence in hand and Q3 results likely to exceed the entire 2020 year's production and sales we now just need a favourable update to the 2017 Feasibility Study (scheduled before December 31, 2021) to push the share price to and beyond the $2 per share mark.

Excellent news.

Cheers.

S.
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