Average KCl CFR Brazil price of US$295, with an overall discount rate of 10%, resulting in a final price of US$265.Average Brazilian Real (“R$”) to US dollar exchange rate: US$1.00 = R$4.88.Average Brazilian Real (“R$”) to Canadian dollar exchange rate: C$1.00 = R$3.70.The 2024 guidance is underpinned by the following assumptions: Verde’s guidance for 2024 is detailed in the table below: Key MetricsĪs previously announced, Verde has held back any hurried sale of carbon credits in favor of a long-term strategy that will reflect the higher value of the permanent carbon removal potentially performed by its Products. We are working hard to meet our targets, with the expectation of improving these figures as the year progresses," continued Mr. By operating at full capacity, with an annual production of 3 million tons, we could potentially generate up to 300 thousand tons of CDRs per year. The successful conclusion of these negotiations could result in a substantial adjustment to our production and financial projection for 2024. "We are currently engaged in multiple discussions with potential partners for our carbon removal project and with prospective buyers of carbon credits. The unaudited preliminary financial results in this press release have been prepared by and its management on a reasonable basis, reflecting their best estimates and judgments. The unaudited preliminary financial results in this press release are based on information available to the Company as of the date of this release and is subject to revision upon finalizing the audit of the Company's annual consolidated financial statements for the fiscal year ending December 31, 2023. “Despite our high expectations for the second half of the year, following the appointment of a new commercial leadership, the results in Q4 were the most disappointing of the year," commented Verde’s Founder, President & CEO Cristiano Veloso.
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