TORONTO,
Sept. 15, 2014 /CNW/ -
Verde Potash (TSX: "NPK")
("Verde" or the "Company") is pleased to announce the Company's
participation in Brazil's largest
international coffee trade fair, part of the International Coffee
Week being held in Belo Horizonte,
capital of Minas Gerais State, from September 15th-18th, 2014.
The fair attracts a variety of experts in the coffee sector to whom
Verde will showcase ThermoPotash ("TK"), a premium fertilizer, as
well as host meetings with large corporate coffee producers.
Furthermore, as part of the fair's technical segment, Eduardo
Spolidorio, PhD, will present the agronomic merits of TK versus
other potash sources as they apply to coffee production focusing on
TK's capability of increasing coffee production, profitability and
sustainability. Mr. Spolidorio's presentation will take place on
September 18th
between 4:00pm and 6:00pm.
Mr. Spolidorio, commented, "This is a unique
opportunity for Verde to increase awareness of its innovative
fertilizer. Coffee growers benefit by improving the quality of
coffee up to specialty standards, correcting soil acidity without
releasing carbon dioxide, and reducing the dosage of potash and
phosphate used by farmers."
The International Coffee Week is a convention
that brings together national and international experts in the
coffee sector. The fair attracts a variety of coffee professionals,
such as growers, roasters, classifiers, exporters, buyers,
suppliers, employers, baristas, coffee shop owners and lovers from
all over the world
(http://semanainternacionaldocafe.com.br/en/).
Coffee consumes more than 30% of the potash used
in Minas Gerais and will be one of Verde's key markets for TK.
Tests undertaken by the Agricultural Research Company of Minas
Gerais (EPAMIG) (results of which were published in a press release
on March 11, 2014), demonstrated that
TK is approximately three times more efficient than potassium
chloride (KCl) when applied to coffee farms.
President & CEO, Cristiano Veloso, commented, "Minas Gerais
State, the largest coffee producing state of Brazil and where Verde's deposit is located,
accounts for about 20% of all coffee grown in the world. The State
is thus well placed to produce and consume an innovative fertilizer
capable of revolutionizing the coffee industry."
About Verde Potash
Verde Potash, a
Brazilian fertilizer development company, is focused on advancing
the Cerrado Verde project located in the heart of Brazil's largest agriculture market. Cerrado
Verde is the source of a potash-rich deposit from which the Company
intends to produce both ThermoPotash and potassium chloride (KCl).
ThermoPotash is a controlled-release, non-chloride, multi-nutrient
fertilizer that is ideally suited for Brazilian soils.
About the Cerrado Verde Potash
Project
Cerrado Verde is a unique project: 1) its high
grade potash rock outcrops and is amenable to strip mining,
allowing fast construction of a scalable operation; 2) it is
located in the midst of the world's third largest and fastest
growing fertilizer market; 3) it connects to Brazil's largest fertilizer distribution
districts via existing and high quality infrastructure; 4) it has
the potential to supply both ThermoPotash and KCl to Brazil's local agriculture market from its
large potash-rich deposit.
Forward Looking Information
This news release contains certain forward-looking information,
which includes but is not limited to, statements with respect to
the Company's strategy, funding of the Cerrado Verde project, the
commercial production of ThermoPotash and KCl, design and building
of a Commercial Plant, receipt of environmental permits, and the
generation of cash flow from Phase 1 of the strategy.
Forward-looking information involves known and unknown risks,
uncertainties and other factors which may cause actual results,
performance or achievements of the Company to differ materially
from the forward-looking information. Material risk factors
that could cause actual results to differ materially from such
forward-looking information include, but are not limited to, the
failure to obtain necessary regulatory approvals, failure to
receive funding from Inova Agro, failure to obtain financing on
acceptable terms, risks associated with the mining industry in
general (e.g., operational risks in development, exploration and
production; delays or changes in plans with respect to exploration
or development projects or capital expenditures; the uncertainty of
estimates and projections relating to production, costs and
expenses, and health, safety and environmental risks), commodity
price, demand for ThermoPotash and KCl in Brazil, exchange rate
fluctuations and other risk factors set out in the Company's most
recently filed Annual Information Form under the heading "Risk
Factors". Currently, ThermoPotash is not commercially produced or
sold in Brazil. As a consequence, there is no current market for
this product. Should commercial demand for ThermoPotash fail to
develop, the Company's business model may not be appropriate.
Accordingly, readers should not place undue reliance on such
forward-looking information. Material factors or assumptions
used to develop such forward-looking information include, but are
not limited to, the demand for ThermoPotash and KCl in
Brazil, the ability to secure necessary environmental and mining
permits, the ability to secure financing, and other assumptions set
out in the Company's current technical report. The Company
does not currently intend to update forward-looking information in
this news release except where required by law. |
SOURCE Verde Potash Plc