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Verde announces results of the 2025 Annual General Meeting of shareholders
Globenewswire· 2025-06-30 16:10
Company Overview - Verde AgriTech Ltd. is an agricultural technology company focused on producing potash fertilizers, aiming to enhance the health of people and the planet [2] - The company operates fully integrated processes, mining and processing its feedstock from 100% owned mineral properties, and distributing its products [2] Annual General Meeting Results - At the Annual General Meeting held on June 30, 2025, shareholders approved all items presented, including the adoption of the 2024 Audited Statement of Accounts with 98.971% votes in favor [1] - Key re-elections included Hannah Oh as Independent Director (98.474% in favor) and Cristiano Botelho Veloso as Director (98.165% in favor) [1] - The re-appointment of RSM Brasil Auditores Independentes Ltd. and RSM SG Assurance LLP as auditors received 98.884% approval [1] Production Capacity and Resources - Verde is licensed to produce up to 2.8 million tonnes per year of its multinutrient potassium fertilizers, K Forte® and BAKS®, marketed internationally as Super Greensand® [3] - The company became Brazil's largest potash producer by capacity in 2022, with a combined measured and indicated mineral resource of 1.47 billion tonnes at 9.28% K2O and an inferred resource of 1.85 billion tonnes at 8.60% K2O [3] Market Context - Brazil ranks second in global potash demand and is the largest importer, relying on external sources for over 97% of its potash needs [4] - In 2022, potash constituted approximately 3% of all Brazilian imports by dollar value [4]
Verde Appoints Guilherme Medeiros as Chief Marketing Officer
Globenewswire· 2025-04-23 11:11
Core Insights - Verde AgriTech Ltd has appointed Guilherme Medeiros as Chief Marketing Officer, effective March 2025, to enhance its marketing strategies and brand visibility [1][3] - Mr. Medeiros has nearly a decade of experience in agribusiness, having held significant roles at Syngenta Biologicals, ICL, and Stoller, where he implemented innovative marketing strategies and demand generation initiatives [1][2] - The appointment is seen as a strategic move to support Verde's expansion in Brazil and globally, focusing on low-carbon solutions and customer engagement [3] Company Overview - Verde AgriTech is dedicated to advancing sustainable agriculture through the innovation of specialty multi-nutrient potassium fertilizers, aiming to increase agricultural productivity and enhance soil health [5] - The company utilizes proprietary technologies to develop solutions that address global challenges such as food security and climate change, with a commitment to carbon capture and eco-friendly fertilizers [5] Leadership Transition - The company expressed gratitude to Newton Nagumo, the previous CMO, for his contributions in shaping Verde's marketing strategy and will continue to support the company as a member of the Advisory Committee [4][5] - Mr. Medeiros's role will be pivotal in driving marketing innovation and supporting new product introductions, marking a turning point in Verde's journey [3]
Verde Agritech Files Amended NI 43-101 Technical Report for the Man of War Rare Earths Project
Globenewswire· 2025-04-17 21:00
Company Overview - Verde Agritech Ltd is an agricultural technology company focused on producing potash fertilizers, aiming to enhance the health of people and the planet [4] - The company operates fully integrated operations, mining and processing its feedstock from 100% owned mineral properties, and distributing its products internationally [4] - Verde is Brazil's largest potash producer by capacity, licensed to produce up to 2.8 million tonnes per year of multinutrient potassium fertilizers [4] Project Update - The company has issued a news release regarding the Man of War Project following a review by the Ontario Securities Commission, which includes an amended and restated National Instrument 43-101 Technical Report [1][2] - The updated Technical Report, effective December 18, 2024, has removed disclosures of geological resources and in-situ resources that do not have reasonable prospects for economic extraction [2] - The report is available on SEDAR+ under the company's profile [3] Mineral Resources - Verde has a combined measured and indicated mineral resource of 1.47 billion tonnes at 9.28% K2O and an inferred mineral resource of 1.85 billion tonnes at 8.60% K2O, totaling 295.70 million tonnes of potash in K2O [4] - In 2021, Brazil's total consumption of potash in K2O was 6.57 million tonnes, highlighting the significant demand for potash in the country [4] - Brazil ranks second in global potash demand and is the largest importer, relying on external sources for over 97% of its potash needs [4]