Verde AgriTech Limited announced a strategic partnership with WayCarbon to bolster the development and monetization of its carbon removal project. The partnership is based on Verde?s specialty multi-nutrient potassium fertilizer K Forte® (the ?Product?) and its potential to permanently capture CO2 through Enhanced Rock Weathering. Within the partnership, WayCarbon will support Verde with the development, certification, marketing and monetization of its carbon credits. In addition to leveraging Verde?s Product, the partnership extends its scope to encompass Verde's origination and utilization of other minerals capable of carbon capture through Enhanced Rock Weathering.
Located in São Gotardo within the state of Minas Gerais, Brazil, Verde's operations are underpinned by one of the world?s largest potash resources, at 5.9 billion tons as approved by the Brazilian Mining Agency, of which 3.32 billion tons have been certified under Canadian National Instrument 43-101.1 Thereupon, Verde has a total capture potential of 0.7 gigatons of CO2 from the atmosphere,2 which would establish it as one of the world's largest carbon capture projects.

As Brazil's largest potash producer by capacity, Verde has an annual production capacity of 3 million tons. With no further CAPEX investment, the Company is capable of capturing up to 0.36 million tons of CO2 per year based on its existing production facilities.