Press Releases

Singapore. Verde AgriTech Ltd (TSX: “NPK”) (“Verde” or the “Company”) announces its financial results for the third quarter ended September 30, 2023 (“Q3 2023”). Continue Reading | Download

Singapore. Verde AgriTech Ltd (TSX: “NPK”) ("Verde” or the “Company”) is pleased to announce the results of its first Life Cycle Analysis (“LCA”) , completed by LCA Design Corporation, a leading Canadian consultancy firm. The LCA determines the climate impacts associated with the production of Verde’s potassium fertilizer K Forte® (the “Product”) from cradle-to-grave. The LCA was conducted according to ISO 14040/44:2006 Standard and Puro Earth Enhanced Rock Weathering (“ERW”) Methodology. Continue Reading | Download

Singapore, Verde AgriTech Ltd (TSX: “NPK”) ("Verde” or the “Company”) is pleased to announce that it has secured 16.2 million Canadian Dollars (“C$”) - 60 million Brazilian Reais (“R$”) - in debt financing facility from Banco do Brasil S.A. (“Banco do Brasil”) and Banco Bradesco S.A. (“Bradesco”), the two largest Brazilian banks (the “Financing”). The funds raised will be used to replace existing debt that were at higher interest rates and provide the Company with more favorable terms, including 6 months of grace period for Bradesco’s loan and 12 months for Banco do Brasil’s loan. This will enable Verde to offer financing solutions to potential customers, whilst fostering growth and financial stability. The Financing consists of C$10.8 million in debt from Banco do Brasil, Brazil's largest bank (R$40 million), of which the Brazilian Federal Government retains a 50% share; and C$5.4 million from Bradesco (R$20 million), the second largest financial group in Brazil (the “Banks”). Additionally, Verde currently has C$20 million (R$74 million) pre-approved credit with banks in Brazil. Continue Reading | Download

Verde AgriTech Ltd (TSX: “NPK”) ("Verde” or the “Company”) is pleased to announce that it has successfully advanced to Phase 2 of the largest incentive prize in history, XPRIZE "$100M Carbon Removal" Challenge (the “Challenge”). This challenge seeks innovative solutions to extract and sequester carbon dioxide from the atmosphere, fighting climate change and rebalancing Earth’s carbon cycle. Continue Reading | Download

Singapore. Verde AgriTech Ltd (TSX: “NPK”) ("Verde” or the “Company”) is pleased to announce Lucas Brown as the new Vice President of Corporate Development. Mr Brown will lead Verde’s expansion into the carbon market, in addition to overseeing the Company’s institutional and investor relations. Lucas Brown has dedicated a decade working in Brazil, in the last four years serving as the British Consul to Minas Gerais state. In this role, he was responsible for diplomacy and bilateral trade. Notably, this included leading the British government's climate strategy in Minas Gerais when the United Kingdom held the presidency of COP26. His efforts culminated with an unprecedented cooperation between the UK and the government of Minas Gerais, and key cities in the region. His efforts culminated in Minas Gerais becoming the first state in Latin America to formalize its commitment to decarbonization and to join the UN campaign “Race to Zero”[1]. Continue Reading | Download