Verde AgriTech CEO cites selective fertilizer buying in Brazil. Q2's net CO2 removal totaled 3,937 tons; Magnes assays extend to 297 holes as drilling proceeds.
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Verde AgriTech Ltd. (TSX: NPK) reported second-quarter results on Aug. 13, with Chief Executive Officer Reberth Machado describing a Brazilian fertilizer market where growers have turned more selective about purchases.
“Q2 2026 was marked by greater selectivity in fertilizer purchasing across Brazilian agriculture,” Machado said. The underlying need for crop nutrition remained, he said. Fertilizer affordability and restrictive financing increasingly shaped when growers bought, and the expected return on each application also mattered.
Machado said he has engaged directly with major clients and strategic B2B customers since becoming CEO, and has worked with agronomic advisers across Brazil. The company is seeking a stronger presence at industry events, including sugarcane and composting segments. “These discussions are sharpening how we prioritize accounts, deploy commercial resources, and develop new business, with clear criteria for pricing, credit and resource allocation,” he said.
Verde also reported the environmental profile of the products it sold in the quarter. The fertilizers had the potential to capture up to 5,605 tons of CO2 through enhanced rock weathering, with estimated net carbon removal of 3,937 tons. Replacing potassium chloride avoided an estimated 2,336 tons of CO2-equivalent emissions. Since production began in 2018, the combined potential net carbon removal and avoided emissions total about 348,790 tons. The company also kept 3,698 tons of chloride out of soils in the quarter, bringing the cumulative total to roughly 198,132 tons.
In a separate update, Verde said it established Magnes Rare Earths as a wholly owned platform dedicated to the Minas Americas Global Alliance project. The structure preserves shareholders' exposure while providing focused technical and capital markets leadership. On June 16, Magnes reported assays from 253 additional drill holes, bringing the total reported to 297. The update included 10.0 metres from surface at 0.97% total rare earth oxide, reinforcing shallow mineralization with a neodymium-praseodymium-led magnet rare earth basket and dysprosium/terbium support.
Verde's shares trade on the TSX under NPK and on the OTCQX under VNPKF.
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