Harvest Minerals sales jump 700% as global fertiliser crisis bites
"Never before has the saying that we are 'in the right place, with the right commodity at the right time' been more accurate. “
Company
Harvest Minerals Ltd
LON:HMI
Harvest Minerals Ltd is focused on the discovery and development of South American fertiliser or agriproduct projects, which are simple with low technical risk. To this end, its flagship Arapuá Fertiliser Project in Brazil produces an organic fertiliser with minimal environmental impact. Additionally, the company holds four other projects in Brazil, which it will look to develop to production.
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It comes after what Harvest saw as a pivotal 2021 in which demand increased and the company became profitable.
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Harvest also welcomed the timing of the approval as customers, particularly new ones, may be looking to make swift buying decisions due to external market factors
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"2021 was a breakout year for Harvest. Our annual sales performance has grown exponentially over the last three full years as the quality and value of our product has been recognised by the market,” commented Harvest chairman Brian
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Installation "significantly advances" the strategy to make Arapua carbon-free, the company said
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Harvest Minerals says Ministry of Agriculture in Brazil has conditionally approved KPfértil as a remineraliser
The AIM-listed natural fertiliser producer said it has been advised that the submitted materials will be reviewed expeditiously, with final approval from the ministry expected this quarter