Verde Grows 103% in 2020, Achieves Sales Target and Provides Corporate Update - Seite 3

The average obtained by Verde showed that the vast majority of its employees share a positive perception, leading the Company to receive the Great Place to Work certification. This achievement consolidates Verde as a sustainable and inspiring employer and confirms that the Company has created a work environment that encourages and enables the personal and professional growth of its employees.

"We are always seeking innovations that empower our employees while observing the current scenario. A good example of that is the innovative concept of the "Anywhere Office", adopted by the Company, which allows us to hire and work with the best talents anywhere in Brazil," commented Mr. Veloso.

The Company currently counts with employees in 5 states and 35 cities across Brazil. As part of its constant growth project, Verde continues to look for professionals with innovative and creative minds, who seek to learn from each other and to grow along with the Company.

PROJECT UPDATE¹

Mining Concession Application (“Requerimento de Lavra”) for Mine Pit 2

On March 26, 2020, the National Mining Agency (“ANM”) approved the Feasibility Study (“Plano de Aproveitamento Econômico - PAE”) for the extraction of 25,000,000 tonnes per year (“tpy”) in Mine Pit 2, as part of the Mining Concession Application process. On March 30, 2020 Verde applied for a 2,500,000 tpy Environmental License for Mine Pit 2. The 2,500,000 tpy Environmental License was approved on December 23, 2020.

The next and final stage of the Mining Concession Application was to present the approved Environmental License Certificate to the ANM as Verde had already fulfilled all the other requirements in the process.

The Company currently has full rights to mine 482,800 tpy (i.e. since it holds mining Concessions/Permits and Environmental Licenses, Verde is authorized to produce the amount mentioned).

BAKS

On December 15, 2020, Verde introduced its newest product, BAKS, a combination of K Forte (source of potassium, silicon and magnesium) plus three other nutrients that can be chosen by customers according to their crops’ needs.

Plant 1 is in operation with BAKS production, which already accounts for approximately 14% of Verde’s sales since the product was launched and 14% of Verde’s total purchase orders for 2021 to date.

Verde has developed two new technologies to enable BAKS production, also presented on December 15, 2020. Given its innovative nature, the Company has filed for patent protection covering these new technologies in addition to BAKS itself.​