Verde Potash Announces New Strategic Plan to Advance Cerrado Verde

Verde Potash (TSX:NPK) announced its new strategic plan to advance the Cerrado Verde Potash Project. Verde’s plan is based on the technical practicality of the project’s staged scale-up in an aim to reduce risk and generate increased cash flow from its Cerrado Verde project in Brazil.

According to the company’s press release:

The new strategy will comprise two phases. In Phase 1 the Company intends to build a plant (the ‘Flex Plant’) with a capacity of approximately 1,000 tonnes per day (“tpd”) for the production of ThermoPotash. The Flex Plant will also be operated to process KCl in order to further develop scale-up and commercialization of the process and with the intent of securing performance guarantees on a 12,000 tpd kiln for KCl production. Phase 2, developed in parallel with Phase 1, would focus on large scale KCl production. This two-phased strategy expects to reduce up front capex by initially establishing the less capital intensive ThermoPotash product.

To read more about the next steps and ThermoPotash, click here for the full release.