Verde AgriTech Enters Exclusive Carbon Credit Partnership with UNDO

Core Insights - Verde AgriTech Ltd. has signed an exclusive agreement with UNDO Carbon Ltd. to explore a commercial partnership focused on creating and selling carbon removal credits from Enhanced Rock Weathering activities in Brazil, which could potentially remove hundreds of thousands of tonnes of CO₂ from the atmosphere [1][2] Partnership Overview - The collaboration aims to leverage Verde's mineral resources and operational capacity in Brazil alongside UNDO's expertise in Enhanced Rock Weathering measurement and technology, creating a scalable model for carbon removal [2][3] - This agreement marks Verde's entry into the carbon credit market, establishing a framework to monetize its Enhanced Rock Weathering activities [2][6] UNDO Carbon's Achievements - UNDO has spread over 313,800 tonnes of silicate rock across 398 farms, enriching 54,400 acres of agricultural land and set to permanently remove approximately 69,000 tonnes of CO₂ [4] - The company was recognized as one of the winners of the $100 million XPRIZE Carbon Removal competition, highlighting its innovative approach to carbon dioxide removal [3] Benefits of the Partnership - For Verde, the partnership provides access to UNDO's technology for measurement, reporting, and verification of carbon removal, as well as established relationships with carbon removal buyers [5][6] - For UNDO, the agreement secures a reliable source of high-quality Enhanced Rock Weathering feedstock from Verde's operations in Brazil [2][5] Warrant Grant Details - Verde will grant UNDO up to 1.7 million common share purchase warrants, with specific conditions regarding exercise price and vesting based on cash consideration received under Qualified Offtakes [7][9][10] - The warrants are structured to align equity participation with verified carbon credit revenue milestones, ensuring value alignment with Verde shareholders [18] Enhanced Rock Weathering Process - Enhanced Rock Weathering involves spreading crushed silicate rock on agricultural land to accelerate natural weathering processes, which can potentially remove up to 4 billion tonnes of CO₂ per year if scaled effectively [19]