BELO HORIZONTE, BRAZIL, June 30, 2021 – Verde AgriTech Plc (TSX: “NPK”) (OTCQB: “AMHPF”) (“Verde” or the “Company”) held its Annual General Meeting (“AGM”) of shareholders on Wednesday, June 30, 2021, in Belo Horizonte, Brazil, and is pleased to announce that its shareholders approved all items put before them.
The director nominees were elected as directors of the Company. Shareholders adopted the Directors’ Report, the Audited Statement of Accounts and the Auditors’ Report for the year ended December 31, 2020 and appointed PKF Littlejohn LLP as auditors of the Company for the ensuing year. In addition, shareholders approved the Company’s stock option plan, as it may be amended from time to time, which approval shall remain effective until June 30, 2024. The results were as follows:
Investors Newsletter
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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.
Cautionary Language and Forward-Looking Statements
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. The Cautionary Language and Forward-Looking Statements can be accessed at this link.
For additional information please contact:
Cristiano Veloso, President, Chairman & Chief Executive Officer
Tel: +55 (31) 3245 0205; Email: cv@verde.ag
www.investor.verde.ag | www.verde.ag | www.supergreensand.com
Belo Horizonte, Brazil. Verde AgriTech Plc (TSX: “NPK”) (OTCQB: “AMHPF”) (“Verde” or the “Company”) is pleased to update shareholders on the procedures for its upcoming annual general meeting (the “Meeting”) of Verde’s shareholders, scheduled to take place on June 30, 2021 at 3:00 p.m. (EDT).
In light of concerns about COVID-19, the notice calling the Meeting issued on May 20, 2021 (the “Notice”) indicated that it would be “closed”, without the ability for registered shareholders and duly appointed proxyholders to physically attend the Meeting unless the local rules at the time and place of the Meeting permitted admission of additional persons.
The Notice states: “unless a change in the rules allows a wider attendance (which will be communicated to shareholders) the Meeting will be a closed event”
Current COVID-19 restrictions on gatherings in the City of Belo Horizonte, the location of the Meeting, currently permit physical gatherings subject to certain density limitations. As such, and in accordance with the Notice and the latest local health regulations, the Company advises shareholders that in-person Meeting attendance will now be permitted. Any shareholder or duly appointed proxyholder that attends the Meeting in person will be required to comply with the local restrictions, e.g. social distancing; wearing a mask or other appropriate face covering at all times, among others.
Although the latest restrictions permit limited public gathering, the COVID-19 crisis in Brazil continues to intensify and could result in the implementation of further government restrictions on gatherings. The Company will notify shareholders in the event further restrictions are implemented prior to the Meeting.
GIVEN THE SERIOUSNESS OF THE COVID-19 SITUATION IN BRASIL, SHAREHOLDERS ARE STRONGLY ENCOURAGED NOT TO ATTEND THE MEETING AND TO VOTE BY WAY OF PROXY IN ADVANCE OF THE MEETING.
Commenting, President & CEO, Cristiano Veloso cautioned: “From its onset, we at Verde have taken this pandemic very seriously. To date, we are relieved to say that not a single Verde employee or contractor was among the over 500 thousand hapless Brazilian victims of COVID-19. It is with the same care and attention to health regulation and expert recommendations that I emphasize: in presence attendance at our Meeting is not advisable, for the wellbeing of Verde’s team – some of whom need to be physically in our offices – and of the shareholders – who can all adequately and safely attend remotely.”
Registered shareholders or duly appointed proxyholders who intend to attend the Meeting in person are asked to notify the Company or its transfer agent, TSX Trust Company, in advance of the Meeting, and in any event not less than 24 hours prior to the Meeting, of their intention to attend, to allow the Company time to ensure compliance with local restrictions on gatherings. Registered shareholders and duly appointed proxyholders can provide notification by sending an email to investor@verde.ag or tsxtrustclientsupport@tmx.com.
In order to ensure that any questions shareholders may have regarding the business of the Meeting are received in time to be considered at the Meeting, registered shareholders and duly appointed proxyholders are encourage to send their questions in advance of the meeting through the following link: http://bit.ly/SubmitQuestion-2021AGM.
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.
Cautionary Language and Forward-Looking Statements
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. The Cautionary Language and Forward-Looking Statements can be accessed at this link.
For additional information please contact:
Cristiano Veloso, President & Chief Executive Officer
Tel: +55 (31) 3245 0205; Email: cv@verde.ag
www.investor.verde.ag | www.supergreensand.com | www.verde.ag
Belo Horizonte, Brazil. Verde AgriTech Plc (TSX: “NPK”) (OTCQB: “AMHPF”) (“Verde” or the “Company”) is pleased to announce the launch of N Keeper®, a proprietary processing technology for glauconitic siltstone that alters its physical-chemical properties to enable ammonia retention for use as a calibrated additive in Nitrogen fertilizers. This combination is responsible for the reduction of Nitrogen volatilization loss, allowing more agronomic efficiency for farmers and contributing to the reduction of the global warming impacts caused by Nitrogen fertilizers manufacturing and application.
Nitrogen Fertilizers Impacts
Nitrogen is part of the NPK triad (Nitrogen, Phosphorus and Potassium) that make up the vital macronutrients for plants. The main source of Nitrogen in Brazilian agriculture is urea, mainly due to its low cost, when compared to other sources.
Traditionally, the production of synthetic Nitrogen fertilizers is a significant source of greenhouse gas (“GHG”) emissions. The GHG are generated from the fossil fuel mining and transportation, the ammonia synthesis and its conversion into various Nitrogen fertilizer products.[1] Moreover, the application of synthetic Nitrogen fertilizers is recognized as the most important factor contributing to direct nitrous oxide (“N2O”) emissions from agricultural soils.[2],[3] Studies report that up to 75% of the total GHG emission in crop production stemmed from the use of Nitrogen fertilizers.[4] This finding is particularly relevant because N2O is a potent GHG, with a 298 higher global warming potential over a 100-year timeframe than carbon dioxide (“CO2”).[5]
Despite the use of urea as the most common Nitrogen source in agriculture, it has low use efficiency under field conditions due to its high susceptibility to losses, mostly caused by the ammonia (“NH3”) volatilization[6].
Verde Introduces N Keeper®
Verde observed an opportunity that led to the development of a technology with the purpose of mitigating reactions and loss processes, thus increasing the agronomic efficiency for the use of urea in agricultural systems and optimizing Nitrogen fertilization: N Keeper®.
The conception of the N Keeper® technology came from studies carried out by the Company, scientifically determining the most efficient outcome. An independent research concluded that the use of Verde’s multinutrient potassium fertilizer, marketed and sold in Brazil under the K Forte® brand and internationally as Super Greensand® (the “Product”), processed with the N Keeper® technology, showed a potential to reduce relative ammonia volatilization between 10% to 27%, depending on the proportion of Product employed, when compared to conventional regular use of urea without any of it.
That is possible due to the proprietary processing technology of the material, which is carried out in Verde’s facilities and allows the enhancement of its feedstock’s natural characteristics. N Keeper® accentuates the negative correlations in the glauconite grains, identified by electron micro spread dispersive energy spectrometer in an electronic microprobe, indicating cationic substitutions giving to the mineral the characteristics of an anion. These unbalanced anions allow cationic exchanges between the potassium present in interlayers of glauconite with ammonium (NH4+) ions present in the soil. Therefore, N Keeper® provides a high capacity of ammonia retention, leading to the reduction of Nitrogen volatilization loss.
“By drastically reducing the volatilized Nitrogen from urea, N Keeper® guarantees an increase in the efficiency of crop fertilization. As importantly, with low environmental impact and low costs for farmers, N Keeper® represents an important advance of agricultural technologies in the fight against climate change and thereby fulfilling Verde’s purpose of improving both the health of people and the Planet”, commented Cristiano Veloso, Verde’s Founder and CEO.
Verde has filed for patent protection for the N Keeper® technology. As a result of its research and development focus, the Company has already filed seven patents.
Next Steps
When Verde’s Products are added to the soil along with other sources of Nitrogen or even before the nutrient’s application, the N Keeper® technology is activated. Thus, both the Company’s customers and the environment can already benefit from the improvements enabled by the technology.
For Plant 2, the Company will be able to add nitrogen to BAKS®, further increasing the benefits for the N Keeper® technology.
Q&A Event:
The Company will host a Q&A session on Wednesday, June 09, 2021 in order to provide further details about the N Keeper® technology. Subscribe using the link below and receive the conference details by email.
The questions can be submitted in advance through the following link: http://bit.ly/SubmitQuestionQ-A
Investors Newsletter
Subscribe to receive the Company’s monthly updates at:
http://cloud.marketing.verde.ag/InvestorsSubscription
The last edition of the newsletter can be accessed at: http://bit.ly/InvestorsNL-April2021
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.
Cautionary Language and Forward-Looking Statements
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. The Cautionary Language and Forward-Looking Statements can be accessed at this link.
For additional information please contact:
Cristiano Veloso, President, Chairman & Chief Executive Officer
Tel: +55 (31) 3245 0205; Email: cv@verde.ag
www.investor.verde.ag | www.verde.ag | www.supergreensand.com
[1] Chai, R., Ye, X., Ma, C. et al. Greenhouse gas emissions from synthetic nitrogen manufacture and fertilization for main upland crops in China. Carbon Balance Manage 14, 20 (2019). https://doi.org/10.1186/s13021-019-0133-9.
[2] Bouwman AF. Direct emission of nitrous oxide from agricultural soils. Nutr Cycl Agroecosyst. 1996;46:53–70.
[3] Faradiella Mohd Kusin, Nurul Izzati Mat Akhir, Ferdaus Mohamat-Yusuff, Muhamad Awang. The impact of nitrogen fertilizer use on greenhouse gas emissions in an oil palm plantation associated with land use change. Atmósfera vol.28 no.4 Ciudad de México oct. 2015.
[4] Yahya, N. Urea fertilizer: The global challenges and their impact to our sustainability. Green Energy and Technology (978981). 2018. p. 1-21. http://eprints.utp.edu.my/21254/
[5] IPCC (2007): Climate Change 2007: Synthesis Report. 2007. In: Pachauri R.K., Reisinger A. (eds.): Contribution of Working Groups I, II and III to the Fourth Assessment Report of the Intergovernmental Panel on Climate Change. Geneva, Intergovernmental Panel on Climate Change.
[6] Pereira, H. S.; Leão, A. F.; Verginassi, A.; Carneiro, M. A. C. Ammonia volatilization of urea in the out-of-season corn. Revista Brasileira de Ciência do Solo, Viçosa, v. 33, n. 6, p. 1685-1694, 2009.
