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.
ThermoPotash is the proposed potash fertilizer product to be formulated by the Company, ideally suited for Brazil's soil needs.
The Brazilian government has agreed to expedite the permitting process.
The Calcario Limestone Project in Minas Gerais is Verde's own source of high grade limestone, an integral component of ThermoPotash.
Inferred mineral resource of 105.1Mt at 10.3 K20. Updated resource estimate of 74Mt indicated at 9.22% K20 and 1.07Bt inferred at 9.37% K20.
Global food production must increase 70% by 2050 to feed the population.
Expected initial CapEx required as per the PEA in October 2010 is US $196.8m. Brazilian government commits to assisting with project financing.
The Company has completed a Preliminary Economic Assessment study in October 2010. Verde hopes to produce a Feasibility Study first half of 2012.
Even with ThermoPotash, Brazil will continue to import 90% of its K20 needs. The Company will become a part of the solution to supply Brazil's K20 needs.