Excessive grade ionic absorption clay magnetic uncommon earths mineralization present in Verde’s historic drill holes

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Certified Particular person

The knowledge on this announcement that pertains to exploration outcomes relies on data reviewed, collated and pretty represented by QP Dr. João Batista Guimarães Teixeira. Dr. Teixeira holds a PhD in Geosciences from Pennsylvania State College (USA), an MSc in Financial Geology from the Federal College of Bahia (Brazil), and a BSc in Geology from the College of São Paulo (Brazil). He has held key roles at VALE’s exploration department, DOCEGEO, together with geologist, senior geologist, and Undertaking Supervisor, main initiatives on geological mapping, drilling, and financial analysis of iron deposits at Serra dos Carajás, gold, base metals, and bauxite exploration within the Amazon, and copper exploration in high-grade terrains throughout Brazil. In 1998, he joined the Metallogeny Group on the Federal College of Bahia, first as an invited researcher and later as an affiliate professor. At present, he’s an impartial consulting geologist specializing in gold, iron, and nickel deposits, with quite a few publications in worldwide journals equivalent to Mineralium Deposita, Financial Geology, Precambrian Analysis, and Ore Geology Critiques. Dr. Teixeira has been a member of the Affiliation of Skilled Geoscientists of Ontario (APGO) since 2007 and have become a Fellow of the Society of Financial Geologists in 2014. Dr. Teixeira is a acknowledged Certified Particular person (QP) underneath Canada’s NI 43-101 requirements.

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About Verde AgriTech

Verde Agritech is devoted to advancing sustainable agriculture by the innovation of specialty multi-nutrient potassium fertilizers. Our mission is to extend agricultural productiveness, improve soil well being, and considerably contribute to environmental sustainability. Using our distinctive place in Brazil, we harness proprietary applied sciences to develop options that not solely meet the quick wants of farmers but additionally deal with international challenges equivalent to meals safety and local weather change. Our dedication to carbon seize and the manufacturing of eco-friendly fertilizers underscores our imaginative and prescient for a future the place agriculture contributes positively to the well being of our planet.

For extra data on how we’re main the way in which in the direction of sustainable agriculture and local weather change mitigation in Brazil, go to our web site at https://verde.ag/en/residence/.

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Cautionary Language and Ahead-Wanting Statements

All Mineral Reserve and Mineral Sources estimates reported by the Firm have been estimated in accordance with the Canadian Nationwide Instrument 43-101 and the Canadian Institute of Mining, Metallurgy, and Petroleum Definition Requirements (Could 10, 2014). These requirements differ considerably from the necessities of the U.S. Securities and Trade Fee. Mineral Sources which aren’t Mineral Reserves would not have demonstrated financial viability.

This doc comprises “forward-looking data” throughout the that means of Canadian securities laws and “forward-looking statements” throughout the that means of the US Non-public Securities Litigation Reform Act of 1995. This data and these statements, referred to herein as “forward-looking statements” are made as of the date of this doc. Ahead-looking statements relate to future occasions or future efficiency and replicate present estimates, predictions, expectations or beliefs relating to future occasions and embrace, however aren’t restricted to, statements with respect to:

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1. the estimated quantity and grade of Mineral Sources and Mineral Reserves;
2. the estimated quantity of CO2 removing per ton of rock;
3. the PFS representing a viable improvement choice for the Undertaking;
4. estimates of the capital prices of establishing mine services and bringing a mine into manufacturing, of sustaining capital and the period of financing payback intervals;
5. the estimated quantity of future manufacturing, each produced and offered;
6. timing of disclosure for the PFS and proposals from the Particular Committee;
7. the Firm’s aggressive place in Brazil and demand for potash; and,
8. estimates of working prices and complete prices, web money move, web current worth and financial returns from an working mine.

Any statements that specific or contain discussions with respect to predictions, expectations, beliefs, plans, projections, aims or future occasions or efficiency (usually, however not all the time, utilizing phrases or phrases equivalent to “expects”, “anticipates”, “plans”, “initiatives”, “estimates”, “envisages”, “assumes”, “intends”, “technique”, “targets”, “aims” or variations thereof or stating that sure actions, occasions or outcomes “might”, “might”, “would”, “would possibly” or “will” be taken, happen or be achieved, or the unfavourable of any of those phrases and comparable expressions) aren’t statements of historic truth and could also be forward-looking statements.

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All forward-looking statements are based mostly on Verde’s or its consultants’ present beliefs in addition to numerous assumptions made by them and data presently obtainable to them. Essentially the most vital assumptions are set forth above, however typically these assumptions embrace, however aren’t restricted to:

1. the presence of and continuity of assets and reserves on the Undertaking at estimated grades;
2. the estimation of CO₂ removing based mostly on the chemical and mineralogical composition of assumed assets and reserves;
3. the geotechnical and metallurgical traits of rock conforming to sampled outcomes; together with the portions of water and the standard of the water that have to be diverted or handled throughout mining operations;
4. the capacities and sturdiness of assorted equipment and gear;
5. the provision of personnel, equipment and gear at estimated costs and throughout the estimated supply occasions;
6. foreign money trade charges;
7. Tremendous Greensand® and Ok Forte® gross sales costs, market measurement and trade price assumed;
8. applicable low cost charges utilized to the money flows within the financial evaluation;
9. tax charges and royalty charges relevant to the proposed mining operation;
10. the provision of acceptable financing underneath assumed construction and prices;
11. anticipated mining losses and dilution;
12. affordable contingency necessities;
13. success in realizing proposed operations;
14. receipt of permits and different regulatory approvals on acceptable phrases; and
15. the fulfilment of environmental evaluation commitments and preparations with native communities.
16. the event of the undertaking is contingent upon the receipt of needed governmental permits and approvals, which can be delayed or withheld. Moreover, evolving environmental rules and obligations might impose extra prices and operational limitations.

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Though administration considers these assumptions to be affordable based mostly on data presently obtainable to it, they could show to be incorrect. Many forward-looking statements are made assuming the correctness of different ahead trying statements, equivalent to statements of web current worth and inside charges of return, that are based mostly on many of the different forward-looking statements and assumptions herein. The associated fee data can also be ready utilizing present values, however the time for incurring the prices can be sooner or later and it’s assumed prices will stay secure over the related interval.

By their very nature, forward-looking statements contain inherent dangers and uncertainties, each common and particular, and dangers exist that estimates, forecasts, projections and different forward-looking statements won’t be achieved or that assumptions don’t replicate future expertise. We warning readers to not place undue reliance on these forward-looking statements as plenty of vital elements might trigger the precise outcomes to vary materially from the beliefs, plans, aims, expectations, anticipations, estimates assumptions and intentions expressed in such forward-looking statements. These threat elements could also be typically said as the danger that the assumptions and estimates expressed above don’t happen as forecast, however particularly embrace, with out limitation: dangers regarding variations within the mineral content material throughout the materials recognized as Mineral Sources and Mineral Reserves from that predicted; variations in charges of restoration and extraction; the geotechnical traits of the rock mined or by which infrastructure is constructed differing from that predicted, the amount of water that may should be diverted or handled throughout mining operations being completely different from what is anticipated to be encountered throughout mining operations or submit closure, or the speed of move of the water being completely different; developments in world metals markets; dangers regarding fluctuations within the Brazilian Actual relative to the Canadian greenback; will increase within the estimated capital and working prices or unanticipated prices; difficulties attracting the required work pressure; will increase in financing prices or adversarial modifications to the phrases of accessible financing, if any; tax charges or royalties being better than assumed; modifications in improvement or mining plans on account of modifications in logistical, technical or different elements; modifications in undertaking parameters as plans proceed to be refined; dangers regarding receipt of regulatory approvals; delays in stakeholder negotiations; modifications in rules making use of to the event, operation, and closure of mining operations from what presently exists; the consequences of competitors within the markets wherein Verde operates; operational and infrastructure dangers and the extra dangers described in Verde’s Annual Data Type filed with SEDAR in Canada (obtainable at www.sedar.com) for the 12 months ended December 31, 2021. Verde cautions that the foregoing listing of things that will have an effect on future outcomes isn’t exhaustive.

When counting on our forward-looking statements to make choices with respect to Verde, traders and others ought to fastidiously take into account the foregoing elements and different uncertainties and potential occasions. Verde doesn’t undertake to replace any forward-looking assertion, whether or not written or oral, which may be made occasionally by Verde or on our behalf, besides as required by legislation.

For extra data please contact:

Cristiano Veloso, Chief Government Officer and Founder

Tel: +55 (31) 3245 0205; Electronic mail: investor@verde.ag

www.verde.ag | www.investor.verde.ag

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