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Gold/Mining/Energy : Verde Agritech

NPK.TO 0.910

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From: kidl	3/19/2018 8:14:24 AM
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Environmental Licenses for mining up to 150 thousand tons per annum granted to Verde TORONTO, March 19, 2018 (GLOBE NEWSWIRE) -- 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. Verde to launch Super Greensand for consumer home use via Amazon.com Super Greensand® will soon be available for sale on Amazon.com. Customers from all over the United States will be able to buy the product online and receive it in the comfort of their home. This is an opportunity to expand Super Greensand®’s capillarity by suppling product to the North American lawn, gardening and organic retail market. Super Greensand® is currently available in the United States for organic farmers via local distributors.

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