Announcement Date: 2022-05-26
Announcement Type: Pre-Feasibility Study
Announcement Code: NI43-101
Company name: Verde Agritech Plc
Project name: Cerrado Verde
Location: Brazil
Commodities: Potash
Highlight: PFS results incl. post-tax NPV (8%) of US$3.97B & IRR of 560.86%
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Belo Horizonte, Brazil. Verde AgriTech Plc (TSX: “NPK”) (OTCQB: “AMHPF”) (“Verde” or the “Company”) is pleased to disclose the conclusions of the Pre-Feasibility Study announced by the Company on March 01, 2021 (the “PFS”) for the Cerrado Verde Project (the “Project”), which supplants the PreFeasibility Study completed in December 2017 (“2017 PFS”). Verde operates Plant 1 with a capacity of 0.6 million tonnes per year (“Mtpy”), Plant 2 is on track for commissioning in Q3 2022 with an additional capacity of 2.4Mtpy, and Plant 3 is expected to add 10Mtpy with construction planned for 2023. Plant 3’s capex is estimated by the PFS at US$52.77 million. Plant 3’s post-tax net present value (“NPV”) is projected at US$2.91 billion (8% discount rate) with an internal rate of return (“IRR”) of 427.17%, assuming a potash price at less than a third of current Potassium Chloride (“KCl”) prices and those adopted by Verde. The capex for Plant 3 is expected to be covered by accumulated cashflow generated by sales up to Q2 2023, without need for equity or debt financing.
Read More

Pricing Plans

We are a SaaS business and access to announcements and data is by subscription. We offer monthly subscriptions and discounts for annual payments.


$ 10
Per Month

Stay up to date with the global mining industry.

  • The Opaxe Review
  • Search using Explore
  • 40,000 company announcements
  • Access announcements older than 7 days only


$ 100
Per Month

Comes with Alerts and lots of data, perfect for: Mining Companies, Consultants, and Share Traders

  • All Essential plan features; plus
  • Announcement Alerts and Notifications
  • Drilling result comparisons
  • Downloadable intercept data
  • Resources and reserves data