Verde AgriTech Plc (TSX: “NPK”) (OTCQB: “AMHPF”)
("Verde” or the “Company”) is pleased to announce a new business
unit: Verde Marketplace. It will be the first free
business-to-business (“B2B”) platform in which farmers can offer,
on a large scale, nutrient-rich and sustainably-produced food
directly to interested corporate buyers who serve a growing portion
of the population and are looking for these types of food.
The platform is accessible to products grown and
qualified under one or more of four credentials: Chloride Free
(products free of chloride), BioNutrient (nutrient-rich produce),
CO2 Captured and Organic. Verde Marketplace will be open to
certified producers irrespective of whether they use Verde’s suite
of plant nutrition products.
Verde Marketplace will be launched during the
world’s largest coffee event, the Semana Internacional do Café, to
be held from November 7th to 9th in Belo Horizonte, Brazil. In
parallel to that event, the venue will host the Global Coffee
Sustainability Conference, where the Company will also be in
attendance and promoting its Verde Marketplace.
Verde is increasing its presence in Brazil’s
fertilizer market. The greater use of Verde’s fertilizer products
has two direct consequences: firstly, it improves the quality of
foods because it has nearly 70 trace elements; secondly, it helps
the environment in many ways, including an increase in the soil’s
capacity to capture CO2. Until Verde Marketplace was launched,
users of Verde’s products would receive little credit for their
role in these changes. Now they will be able to offer food to
buyers who understand that today’s consumers increasingly value
more nutritious food and are concerned about farming’s impact on
the environment.
In July 2018, the Company started operations at
its processing plant. Its production was sold out for the season
(see PR October 17, 2018). For 2019 Verde plans to produce 200,000
tonnes of products. Also in 2019, the Company will start
construction of a new processing facility capable of a further
600,000 tonnes per year. The Company’s pre-feasibility study shows
a post-tax net present value discounted at 8% of US$1.98 billion
and internal rate of return of 290% (see PR November 27, 2017).
Cristiano Veloso, founder and CEO of Verde
AgriTech, stated: “The vast majority of sales channels available to
farmers value the product’s weight and appearance, but neglect the
true nutritional value of food or the consequences that the use of
chemical substances can have on human health and soil. Our goal is
to change this set of forces, to potentialize the business of
farmers and resellers of sustainable products”.
How it worksVerde Marketplace
is an online platform where farmers offer food to corporate buyers.
The accredited farmer accesses the platform, registers which
product it has available to sell and waits for offers from
interested parties. Meanwhile the buyer will have a wide range of
options and can filter the search according to product, location,
date of availability, sellers, and other criteria.
How to participateFarmers
interested in becoming part of the Verde Marketplace must access
the site (www.verde.ag), and pre-register. The crop on offer must
have or obtain at least one of the four credentials: Chloride Free,
BioNutrient, CO2 Captured, Organic. A technical team will contact
the farmer to evaluate if the product offered meets one or more of
the criteria and will provide a code/invitation to join the
marketplace. The company interested in buying must also
pre-register. After completing the form, an invitation code will be
sent to the qualified buyer, who will then gain direct access to a
growing number of farmers and products.
About Verde AgriTech
Verde AgriTech promotes sustainable and
profitable agriculture through the development of its Cerrado Verde
Project. Cerrado Verde, located in the heart of Brazil’s largest
agricultural market, is the source of a potassium-rich deposit from
which the Company intends to produce solutions for crop nutrition,
crop protection, soil improvement and increased sustainability.
For additional information please
contact:Cristiano Veloso, President &
Chief Executive OfficerTel: +55 (31) 3245 0205; Email:
cv@verdeagritech.com www.verdeagritech.com
| www.supergreensand.com
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Channelwww.youtube.com/verdeagritech
Cautionary Language and Forward Looking
Statements
All Mineral Reserve and Mineral Resources
estimates reported by the Company were estimated in accordance with
the Canadian National Instrument 43-101 and the Canadian Institute
of Mining, Metallurgy, and Petroleum Definition Standards (May 10,
2014). These standards differ significantly from the requirements
of the U.S. Securities and Exchange Commission. Mineral Resources
which are not Mineral Reserves do not have demonstrated economic
viability.
This document contains "forward-looking
information" within the meaning of Canadian securities legislation
and "forward-looking statements" within the meaning of the United
States Private Securities Litigation Reform Act of 1995. This
information and these statements, referred to herein as
"forward-looking statements" are made as of the date of this
document. Forward-looking statements relate to future events or
future performance and reflect current estimates, predictions,
expectations or beliefs regarding future events and include, but
are not limited to, statements with respect to:
- the estimated amount and grade of Mineral Resources and Mineral
Reserves;
- the PFS representing a viable development option for the
Project;
- estimates of the capital costs of constructing mine facilities
and bringing a mine into production, of sustaining capital and the
duration of financing payback periods;
- the estimated amount of future production, both produced and
sold; and,
- estimates of operating costs and total costs, net cash flow,
net present value and economic returns from an operating mine.
Any statements that express or involve
discussions with respect to predictions, expectations, beliefs,
plans, projections, objectives or future events or performance
(often, but not always, using words or phrases such as "expects",
"anticipates", "plans", "projects", "estimates", "envisages",
"assumes", "intends", "strategy", "goals", "objectives" or
variations thereof or stating that certain actions, events or
results "may", "could", "would", "might" or "will" be taken, occur
or be achieved, or the negative of any of these terms and similar
expressions) are not statements of historical fact and may be
forward-looking statements.
All forward-looking statements are based on
Verde's or its consultants' current beliefs as well as various
assumptions made by them and information currently available to
them. The most significant assumptions are set forth above, but
generally these assumptions include:
- the presence of and continuity of resources and reserves at the
Project at estimated grades;
- the geotechnical and metallurgical characteristics of rock
conforming to sampled results; including the quantities of water
and the quality of the water that must be diverted or treated
during mining operations;
- the capacities and durability of various machinery and
equipment;
- the availability of personnel, machinery and equipment at
estimated prices and within the estimated delivery times;
- currency exchange rates;
- Super Greensand® sales prices, market size and exchange rate
assumed;
- appropriate discount rates applied to the cash flows in the
economic analysis;
- tax rates and royalty rates applicable to the proposed mining
operation;
- the availability of acceptable financing under assumed
structure and costs;
- anticipated mining losses and dilution;
- reasonable contingency requirements;
- success in realizing proposed operations;
- receipt of permits and other regulatory approvals on acceptable
terms; and
- the fulfilment of environmental assessment commitments and
arrangements with local communities.
Although management considers these assumptions
to be reasonable based on information currently available to it,
they may prove to be incorrect. Many forward-looking statements are
made assuming the correctness of other forward looking statements,
such as statements of net present value and internal rates of
return, which are based on most of the other forward-looking
statements and assumptions herein. The cost information is also
prepared using current values, but the time for incurring the costs
will be in the future and it is assumed costs will remain stable
over the relevant period.
By their very nature, forward-looking statements
involve inherent risks and uncertainties, both general and
specific, and risks exist that estimates, forecasts, projections
and other forward-looking statements will not be achieved or that
assumptions do not reflect future experience. We caution readers
not to place undue reliance on these forward-looking statements as
a number of important factors could cause the actual outcomes to
differ materially from the beliefs, plans, objectives,
expectations, anticipations, estimates assumptions and intentions
expressed in such forward-looking statements. These risk factors
may be generally stated as the risk that the assumptions and
estimates expressed above do not occur as forecast, but
specifically include, without limitation: risks relating to
variations in the mineral content within the material identified as
Mineral Resources and Mineral Reserves from that predicted;
variations in rates of recovery and extraction; the geotechnical
characteristics of the rock mined or through which infrastructure
is built differing from that predicted, the quantity of water that
will need to be diverted or treated during mining operations being
different from what is expected to be encountered during mining
operations or post closure, or the rate of flow of the water being
different; developments in world metals markets; risks relating to
fluctuations in the Brazilian Real relative to the Canadian dollar;
increases in the estimated capital and operating costs or
unanticipated costs; difficulties attracting the necessary work
force; increases in financing costs or adverse changes to the terms
of available financing, if any; tax rates or royalties being
greater than assumed; changes in development or mining plans due to
changes in logistical, technical or other factors; changes in
project parameters as plans continue to be refined; risks relating
to receipt of regulatory approvals; delays in stakeholder
negotiations; changes in regulations applying to the development,
operation, and closure of mining operations from what currently
exists; the effects of competition in the markets in which Verde
operates; operational and infrastructure risks and the additional
risks described in Verde's Annual Information Form filed with SEDAR
in Canada (available at www.sedar.com ) for the year ended December
31, 2016. Verde cautions that the foregoing list of factors that
may affect future results is not exhaustive.
When relying on our forward-looking statements
to make decisions with respect to Verde, investors and others
should carefully consider the foregoing factors and other
uncertainties and potential events. Verde does not undertake to
update any forward-looking statement, whether written or oral, that
may be made from time to time by Verde or on our behalf, except as
required by law.
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