Ann: New Discovery at Apui ENE REE Project with exceptional REE, page-46

Very interesting product. Carbon credits as well as low salt content which means ideal for farming in arid zones.


Verde to Sell Carbon Credits
SINGAPORE, July 27, 2023 (GLOBE NEWSWIRE)

Verde AgriTech Ltd (TSX: “NPK”) ("Verde” or the “Company”) is pleased to announce that it is in advanced negotiations to sell carbon credits to major international corporations that are established purchasers of permanent carbon offset.

Currently, carbon credits for permanent carbon offset similar to Verde’s are being sold at prices up to US$500 per tonne. The Company is able to generate up to 300,000 tonnes of carbon credit annually via its existing production facilities.

Verde’s silicate rock is rich in the mineral glauconite (the “Rock”), which once processed and applied to the soil removes carbon dioxide ("CO2") from the air through a process called Enhanced Rock Weathering (“ERW”). ERW permanently locks CO2 into the new mineral structure. In 2022 the carbon credit markets totalled US$ 909 billion in transactions.