Verde Focusing on Environmental Permit, Moving Ahead with Cerrado Verde Project

Verde Potash (TSX:NPK) believes that their Brazilian Cerrado Verde project is well positioned to be profitable, given the swift increase in Brazilian potash production.

As quoted in the press release:

The continuing strength of the Brazilian agriculture market, coincident with record potash consumption and strong imports is a testament to the need for increased domestic potash production. The Cerrado Verde project is ideally-positioned to address this need.

Verde’s President and CEO, Cristiano Veloso, said:

Verde is focused on advancing the engineering, permitting and financing of the Cerrado Verde project. Our strong cash position ($21.2 million as at September 30, 2012) and first rate technical team provide us with all of the resources necessary to publish our bankable feasibility study and drive the project towards construction.

To view the whole press release, click here.