TORONTO, ON–(Marketwired – February 29, 2016) –
(TSX: NPK) (“Verde” or the “Company”) is pleased to announce a new product development, Super Greensand™. This opportunity is a direct result of the Company’s ongoing commitment to agri-tech innovation.
is expected to be used both as a fertilizer and as a soil conditioner. As a fertilizer it provides potassium, magnesium, silicon, iron and manganese. As a soil conditioner it increases the soil’s capacity to retain water and nutrients. As a 100% natural product Super Greensand™ will be certified for use by organic agriculture. Verde will progress with product registration in Brazil and the United States.
is produced as an intermediate step in the TK47™ production process. TK47™ is Verde’s innovative multi-functional agri-tech product (see the May 26th, 2015 press release). Its production flowsheet will allow the same plant to produce two products without any additional investment. If Verde decides to significantly reduce upfront capex it could initiate production with Super Greensand™ because its production process does not require a kiln, only a mill.
Verde is in ongoing discussions with potential contract manufacturers in order to be in the position to initiate both TK47™ and Super Greensand™ production immediately after all required permits for its mine are issued by the Brazilian government.
In the coming months, Verde will be providing updates regarding license issuances, market development efforts for TK47™
and Super Greensand™, potential new product developments and agreements with contract manufacturers.
About Verde Potash
Verde Potash is an agri-tech company promoting 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 TK47™
and Super Greensand™. TK47™ is a multi-functional, innovative product that provides benefits for crop nutrition, crop protection, soil improvement and increased sustainability. Super Greensand™ is both a fertilizer and a soil conditioner, rich in minerals and 100% natural, ideally suited for organic agriculture.
Cautionary Language and Forward Looking Statements
NEITHER THE TSX EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. THIS PRESS RELEASE CONTAINS CERTAIN “FORWARD LOOKING STATEMENTS”, WHICH INCLUDE BUT IS NOT LIMITED TO, STATEMENTS WITH RESPECT TO THE FUTURE FINANCIAL OR OPERATING PERFORMANCE OF THE COMPANY, ITS SUBSIDIARIES AND ITS PROJECTS, AND STATEMENTS REGARDING USE OF PROCEEDS. FORWARD LOOKING STATEMENTS CAN GENERALLY BE IDENTIFIED BY THE USE OF WORDS SUCH AS “PLANS”, “EXPECTS”, OR “DOES NOT EXPECT” OR “IS EXPECTED”, “ANTICIPATES” OR “DOES NOT ANTICIPATE”, OR “BELIEVES”, “INTENDS”, “FORECASTS”, “BUDGET”, “SCHEDULED”, “ESTIMATES” OR VARIATIONS OF SUCH WORDS OR PHRASES OR STATE THAT CERTAIN ACTIONS, EVENT, OR RESULTS “MAY”, “COULD”, “WOULD”, “MIGHT”, OR “WILL BE TAKEN”, “OCCUR” OR “BE ACHIEVED”. FORWARD LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND OTHER FACTORS WHICH MAY CAUSE THE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY DIFFERENT FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SAID STATEMENTS. THERE CAN BE NO ASSURANCES THAT FORWARD-LOOKING STATEMENTS WILL PROVE TO BE ACCURATE, AS ACTUAL RESULTS AND FUTURE EVENTS COULD DIFFER MATERIALLY FROM THOSE ANTICIPATED IN SAID STATEMENTS. ACCORDINGLY, READERS SHOULD NOT PLACE UNDUE RELIANCE ON FORWARD-LOOKING STATEMENTS.
Readers are cautioned not to rely solely on the summary of such information contained in this release and are directed to the complete set of drill results posted on Verde’s website (www.verdepotash.com) and filed on SEDAR (www.sedar.com) and any future amendments to such. Readers are also directed to the cautionary notices and disclaimers contained herein.
For additional information please contact:
President & Chief Executive Officer
Tel: +55 (31) 3245 0205
Email: [email protected]
VP Investor Relations & Corporate Secretary
Tel: +1 (416) 844-7337
Email: [email protected]