Verde to participate at the 36th Annual Roth Conference

SINGAPORE, March 13, 2024 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd (TSX: “NPK”) ("Verde” or the “Company”) is pleased to announce that it will participate at the 36^th Annual Roth Conference (the “Conference”). The Conference will take place in Laguna Niguel, California, from March 17, 2024 to March 19, 2024, and Verde will be represented by its Vice President of Corporate Development, Mr. Lucas Brown. Mr. Brown will be available for one-to-one meetings during the Conference to promote investment opportunities and present the Company’s carbon removal project.

Recently, Verde announced a strategic partnership with WayCarbon, a company that is 80% owned by Banco Santander, to bolster the development and monetization of its carbon removal project.¹ The partnership is based on Verde’s specialty multi-nutrient potassium fertilizer K Forte (the “Product”) and its potential to permanently remove CO₂ from the atmosphere through Enhanced Rock Weathering (“ERW”). Within this partnership, WayCarbon will support Verde with the development, certification, marketing and monetization of its carbon credits. In addition to leveraging Verde’s Product, the partnership extends its scope to encompass Verde’s origination and utilization of other minerals capable of carbon removal through ERW.

As detailed by an independent study conducted at Newcastle University under the leadership of Prof. David Manning, PhD, the carbon dioxide removal potential of K Forte is estimated at 120kg CO₂ per ton of Product.² The CO₂ removal potential does not require any change to the Product’s farmland application methods, nor does it change the nutritional benefits to plants. Therefore, Verde's Product not only provides a sustainable source of potassium to plants but is also set to play a key role in reducing the agricultural sector's carbon footprint.

“I’m looking forward to representing Verde at the 36^th Annual Roth Conference. Our carbon removal project is reaching a level of maturity where we are actively looking for investors to support its growth. This Conference is a key opportunity for us to engage directly with potential partners who understand the importance of our work in sustainable agriculture,” stated Mr. Lucas Brown, Vice President of Corporate Development at Verde AgriTech.

The 36^th Annual Roth Conference will host over 500 private and public companies, including sectors like Consumer, Technology & Media, Sustainability & Industrial Growth, AgTech, Energy, Metals & Mining, Healthcare, Services, and Insurance.