Harvest Mi (di) Regulatory News (HMI)

Harvest Minerals Limited / Index: LSE / Epic: HMI / Sector: Mining

26 November 2021

Harvest Minerals Limited ('Harvest' or the 'Company')

KPFértil receives certification in Paraguay

Harvest Minerals Limited, the AIM listed remineraliser producer, is pleased to announce that it has received certification to sell its organic, direct natural application fertiliser, KPFértil, in Paraguay.

Brian McMaster, Chairman of Harvest, said: "The learnings and development over recent years are now bearing fruit. Having cemented a foothold at Arapua and the surrounding district, we are now setting our sights further afield as the benefits of direct application natural fertiliser and KPFértil are being recognised by the farming community. We have sought and received certification in Paraguay in response to consumer lead enquiry; although its early days, we expect to be adding Paraguayan customers to our portfolio during 2022. We are very excited about commencing developing our sales channels into Paraguay."

Details

Harvest continues to focus on building sales of KPFértil®, produced at its Arapua Fertiliser Project in Brazil ('Arapua'), and has already achieved its 2021 sales target of 80,000 tonnes (see RNS announcement dated 26 October 2021). While its core sales efforts will remain on the vast Brazilian agriculture market (33.0% of the country's total land area is used for agriculture), the Company has been looking to expand its reach. Accordingly, it has received certification from SENAVE (Servicio Nacional de Calidad y Sanindad Vegetal y de Semillas) to sell KPFértil in Paraguay.

Being a large agricultural producer, with approximately 55% of total land area agricultural land, Paraguay offers many opportunities for agro-industrial companies. Given its main agricultural products are broadly similar to Brazil (soybeans, coffee, maize, and sugar cane), the Company anticipates significant interest for its organic fertiliser, which has proven cost and quality benefits.

**ENDS**

For further information, please visit www.harvestminerals.net or contact: