The Company was founded in 2005, when a team of experienced Brazilians led by Cristiano Veloso assembled a grassroots exploration portfolio. In 2006, the company then known as Amazon Mining Holding Plc was incorporated in England and Wales. A closer look at the potash-rich rock in the Cerrado region of Minas Gerais, re-opened long abandoned discussions of developing the revolutionary new ThermoPotash fertilizer to meet the needs of Brazil's growing agricultural sector. The Company evaluated a number of mineral projects between 2005 and 2008, until formally focusing its efforts on fertilizer in 2008. The Cerrado Verde Project was announced and support for the bold new direction was evidenced by a steadily increasing share price throughout 2009 and 2010. Alongside the development of ThermoPotash, the Company evaluated routes to produce a conventional fertilizer product, KCl (potassium chloride) from its potash-rich deposit. In 2011, with the help of an engineering consortium, the Company successfully produced KCl, validated its production flow sheet in its pilot plant's rotary kiln and commissioned SRK to complete a Preliminary Economic Assessment (finalized early 2012). In 2011, the Company was renamed Verde Potash to reflect its commitment to fertilizer. As the Company continues to evaluate the potential of its land holdings for fertilizer opportunities, Verde remains focused on developing the Cerrado Verde Potash project through production.
2005
1st Quarter: Founded by experienced & successful Brazilian team
4th Quarter: Assembled grassroots gold exploration portfolio
2006
2nd Quarter: Amazon was incorporated in England and Wales
4th Quarter: Preliminary Exploration and NI 43-101 Report
2007
2nd Quarter: Pre-IPO Private Placement (C$0.75 for C$1.5M)
4th Quarter: IPO on TSX.V, Canada (C$1.20 for C$16M)
2008
2nd Quarter: Gold Exploration Results
3rd Quarter: Management Restructuring and Cost Reduction
4th Quarter: Cerrado Verde Potash Project Announcement
2009
2nd Quarter: CETEM agreement and Minas Gerais Endorsement
Board of Directors Transition to reflect fertilizer and Brazil focus
3rd Quarter: Development Partner agreements for agronomic tests with Arcelor and Agrifirma
4th Quarter: Pilot plant testing begins at Phoster
Amazon Drills 45m of 11.8% K2O from surface
2010
1st Quarter: First Drill Program completed - 3,000m by 350m Enriched Potash Zone
Initial NI 43-101 Inferred Resource - 105 Mt, grading 10.3% at 7.5% cut-off
Development Partner agreement for agronomic tests with Sekita Agronegocios
2nd Quarter: Amazon appoints new VP of Operations
3rd Quarter: Amazon releases favourable nutrient availability test results
4th Quarter: Natural gas discovery near the Cerrado Verde Potash project
Amazon appoints engineering and marketing executives
Agronomic tests demonstrate limestone replacement and slow release properties
Amazon receives a Preliminary Economic Assessment and an independent Marketing Study
Amazon discovers phosphate at the Cerrado Verde potash project
Amazon files patent application for production of KCl and SOP from potassium rock
Amazon closes C$14.5M private placement financing
2011
1st Quarter: Amazon initiates drill campaign to explore phosphate and expand potash resource
2nd Quarter: Amazon signs a Memorandum of Understanding with the Brazilian state government
Company changes its name to Verde Potash Plc
Verde increases drilled potash surface area by 2200% at Cerrado Verde
Verde reports TK's stronger results than KCl in product efficacy tests
Verde discovers high grade limestone deposit near Cerrado Verde
3rd Quarter: Verde upgrades potash resource estimate: 74Mt indicated (9.22%); 1.07Bt inferred (9.37%)
Initial resource estimate for Calcario Limestone - 89Mt indicated, 180Mt inferred (54.7%)
4th Quarter: Verde successfully produces conventional potash, KCl from its potash resources
Verde appoints Pedro Ladeira as Chief Operating Officer
2012
1st Quarter: Verde expands inferred resource estimate for Cerrado Verde: 2.68Bt (8.8%)
Verde receives a Preliminary Economic Assessment for the production of KCl
Verde completes a C$28.7M bought deal public offering for 4,457,364 Ordinary Shares
2nd Quarter: Verde graduates to the Toronto Stock Exchange
3rd Quarter: Verde appoints Mr. Rubens Mendonça as VP Mining and Dr. Patricia Radino-Rouse as
VP Engineering
Verde hires new CFO, Mr. Milson Mundim, to lead structured finance efforts
4th Quarter: Verde appoints Jaret Anderson as the Company's new VP Corporate Development
Verde announces the completion of their 2012 Cerrado Verde drilling campaign
2013
1st Quarter: Verde applied for a "licença prévia" (or "LP") for the Cerrado Verde project and
engaged in negotiations with a number of potential counterparties regarding an off-take agreement