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Verde Agritech Plc
Summary
| Project: | Cerrado Verde | |
|---|---|---|
| Deposit: | Cerrado Verde | |
| Location: | Brazil | |
| Commodities: | Potash | |
| Date: | 3/19/2018 | |
| Report Code: | (Enviro) | |
| Report Type: | EIA/ESIA | |
| Project Stage: | Mine Development | |
| Report details: | 19-3-2018: Verde Agritech Plc announces an EIA/ESIA report for its Cerrado Verde deposit at the Cerrado Verde project. Updated environmental licenses for increased production capacity at Cerrado Verde. TORONTO, March 19, 2018 -- Verde AgriTech Plc (TSX:NP | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | TORONTO, March 19, 2018 -- Verde AgriTech Plc (TSX:NPK) (OTCQB:AMHPF) ("Verde” or the “Company”) is pleased to announce it has received environmental licenses for mining up to 150 thousand tons of Super Greensand® per annum. The previous environmental license and mining permit issued in 2017 allowed for 20 thousand tons per annum. In November 27, 2017 the Company announced the results of its pre-feasibility study (“PFS”). The study shows a post-tax net present value discounted at 8% of US$ 1.98 Billion and internal rate of return of 290%. In March 07, 2018 Verde announced a turnkey agreement for the construction of a processing plant with expected production of 45 tons per hour of Super Greensand® . The plant’s engineering design and site layout were conceived to allow future expansions. The plant is expected to start production in the second half of 2018. “This environmental license comes at a perfect time for Verde to consolidate its expansions plans for 2018, both in terms of production and market penetration in Brazil and North America. We will work hard to ensure that Verde makes full use of the production capacity now permitted,” commented President & CEO, Cristiano Veloso. | |
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