Verde AgriTech Ltd. is pleased to announce significant drilling results from Alto da Serra target, one of the three targets of the Man of War project. Building on previously announced results from two other targets, Verde has completed the reassaying process with an additional 1,247 meters of results from Alto da Serra. This completes the analysis across the three targets, totaling 3,640 drilling meters. Key results from [...]
Verde AgriTech Ltd. is pleased to announce that creditors representing over 92% of the Company's total debt have adhered to proposed renegotiation terms. Non-adherent creditors represent R$11.3 million of the debt, and are now subject to different payment conditions, with a reduction of 75% of the balance and an interest rate linked to the Taxa Referencial . Following the agreement reached with a majority of creditors [...]
Verde AgriTech Ltd. announces its financial results for the period ended September 30, 2024 . Despite a slight reduction in delivered volumes, financial results for the third quarter of 2024 have shown an improvement compared to Q3 2023. The Company sold 100,986 tons in Q3 2024, down from 108,000 tons in Q3 2023. Nevertheless, Verde achieved a 33% reduction in net loss. In recent months, the Brazilian agricultural sector [...]
Verde AgriTech Ltd. is pleased to announce new significant results from its ongoing work to evaluate the presence of rare earths in historical diamond core drilling. The Company has completed the reassaying of 3,640 meters across three distinct targets previously drilled for phosphate. On October 07, 20241, Verde disclosed results for 743 meters from the Nau de Guerra target, and today it announces results for an [...]
Verde AgriTech Ltd. is pleased to announce that 4,708 hectares of its mineral concessions are prospective for Magnetic Rare Earths mineralization. MREs, which in Verde's find include Praseodymium , Neodymium , Dysprosium , and Therbium , are in high demand due to their critical role in the energy transition. These elements are essential components in the production of high-performance magnets used in electric vehicles [...]
Verde AgriTech Ltd. is pleased to announce that it has successfully renegotiated with banks holding 73% of its outstanding loans. The Company expects the remaining five creditor-banks to accept the same terms or face a 75% debt reduction by a court order, as per applicable Brazilian legislation. Under the renegotiated agreement, the repayment term is extended to 120 months, with principal repayments suspended for 18 [...]
Verde AgriTech Ltd. announces its financial results for the period ended June 30, 2024 . Verde's financial results for the second quarter of 2024 were adversely influenced by climatic events in Brazil, primarily driven by the El Niño phenomenon.1 This included periods of drought accompanied by high temperatures in the northern and central-western areas 2. These adverse weather conditions have had a profound impact on both [...]
Verde AgriTech Ltd. held its Annual General and Special Meeting of shareholders on Thursday, June 27, 2024, at 300 Prof. Antônio Aleixo, Lourdes Belo Horizonte, Minas Gerais Brazil, and is pleased to announce that its shareholders approved all items put before them. The results were as follows: Item Voted Upon Voting Result Appointment of Hannah Oh as an Independent Director *The resolution was approved by poll, as [...]
Verde AgriTech Ltd. is pleased to announce that its potassium multinutrient specialty fertilizer, K Forte® , has a significantly lower carbon footprint than traditional potassium chloride fertilizer, according to the calculation tool developed by the Brazilian government, RenovaCalc. The emission factor in Renovacalc applied to Potassium Chloride, with 60% K2O mass content, is set at 0.455 tons of carbon dioxide [...]
Verde AgriTech Ltd. is pleased to announce that its common shares begin trading today on the OTCQX® Best Market under the ticker symbol "VNPKF". OTCQX is the highest market tier of OTC Markets on which 12,000 U.S. and global securities trade. Verde's common shares will continue to trade on the Toronto Stock Exchange under the symbol "NPK". "Today we celebrate one more important milestone for Verde. By trading on OTCQX [...]
Verde AgriTech Ltd. is pleased to announce that Hannah Oh and Marcelo Duarte have been recommended for appointment to the Company's Board of Directors at the upcoming Annual General and Special Meeting , pending shareholder approval. Mr. Duarte's is a Brazilian that resides in Singapore, where he leads the Asia-Brazil Agro Alliance. Therefore, Mr. Duarte's appointment as an Independent Director of the Company is [...]
Verde AgriTech Ltd. announces its financial results for the period ended March 31, 2024 . Verde's Q1 2024 results were affected by adverse climate conditions, which reduced overall fertilizer demand in Brazil. This contrasts with Q1 2023, which benefitted from record potash prices and agricultural commodity prices, in good part as a consequence of the outbreak of Ukraine-Russia war. In 2022, Brazilian farmers committed to [...]
