Brazil's Cerrado region is the next agricultural frontier, allowing for multiple growing seasons during the year.
Potash Rock - a potassium-rich rock of which there are potentially billions of tonnes in Verde's claims.
Verde is working with the state environmental agency for Minas Gerais to receive all necessary environmental approvals.
The Calcario Limestone Project in Minas Gerais is Verde's own source of high grade limestone, an integral component of KCl.
Inferred mineral resource estimate of 2.7Bt at 8.91% K20 and 71Mt indicated at 9.22% K20.
Global food production must increase 70% by 2050 to feed the population.
Verde believes Inova Agro could be a potential source of financing for Phase 1 of the Cerrado Verde Potash Project.
The Company and its engineering partners are moving forward with a Flex Plant design for Phase 1. Verde expects to publish a Pre-Feasibility Study in Q1 2014.
In 2012, Brazil consumed 8.1M tonnes of potash. The Company's proposed ThermoPotash and KCl fertilizer products will become a part of the solution to supply Brazil's potash needs.