Mr. Cristiano Veloso reports
VERDE ANNOUNCES RESULTS OF THE 2025 ANNUAL GENERAL MEETING OF SHAREHOLDERS
Verde Agritech Ltd. held its annual general meeting of shareholders on Monday, June 30, 2025, at 300 Prof. Antonio Aleixo, Lourdes Belo Horizonte, Minas Gerais, Brazil. Shareholders approved all items put before them.
The results are provided in an attached table.
About Verde Agritech Ltd.
Verde is an agricultural technology company that produces potash fertilizers. The company's purpose is to improve the health of all people and the planet. Rooting its solutions in nature, Verde makes agriculture healthier, more productive and profitable.
Verde is a fully integrated company: It mines and processes its main feedstock from its 100-per-cent-owned mineral properties, then sells and distributes the product.
Verde's focus on research and development has resulted in one patent and eight patents pending. Among its proprietary technologies are Cambridge Tech, 3D Alliance, MicroS Technology, N Keeper and Bio Revolution. Currently, the company is fully licensed to produce up to 2.8 million tonnes per year of its multinutrient potassium fertilizers K Forte and BAKS, sold internationally as Super Greensand. In 2022, it became Brazil's largest potash producer by capacity. Verde has a combined measured and indicated mineral resource of 1.47 billion tonnes at 9.28 per cent potassium oxide and an inferred mineral resource of 1.85 billion tonnes at 8.6 per cent K2O (using a 7.5-per-cent K2O cut-off grade). This amounts to 295.7 million tonnes of potash in K2O. For context, in 2021, Brazil's total consumption of potash in K2O was 6.57 million.
Brazil ranks second in global potash demand and is its single-largest importer, currently depending on external sources for over 97 per cent of its potash needs. In 2022, potash accounted for approximately 3 per cent of all Brazilian imports by dollar value.
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