Business
KP Fértil® Sales and Corporate Update
KP Fértil® Sales and Corporate Update.
About this update from Harvest Minerals Limited
[{"type":"text","content":"\n\nHarvest Minerals Limited / Index: LSE / Epic: HMI / Sector: Mining\n17 March 2025\nHarvest Minerals Limited ('Harvest' or the 'Company')\n \nKP Fértil® Sales and Corporate Update\n \nHarvest Minerals Limited, the AIM listed fertiliser producer, provides the following sales update of its organic, multi-nutrient, direct application fertiliser, KP Fértil®, from its 100% owned Arapuá Fertiliser Project in Brazil ('Arapuá'), together with a wider corporate update.\n \nOVERVIEW\n \n§ Total delivered volume in 2024 reached 37,186 tonnes, including:\no 35,595 tonnes invoiced and delivered from 2024 orders\no 1,591 tonnes delivered from previous years' orders\n§ An additional 3,692 tonnes were invoiced in December 2024 as part of an anticipation campaign for 2025 deliveries, with 50% of payments already received in 2024\n§ Volume guidance budgeted for 2025 is estimated at 70,000 tonnes\no As of today, 2,183 tonnes have been ordered, with 1,042 tonnes already invoiced\n§ The 2025 Brazilian agricultural market remains impacted by high input costs, lower commodity prices, financial strain on farmers, and adverse weather conditions, which continue to affect fertiliser demand and overall market liquidity.\n§ REE exploration programme in conjunction with PVW Resources Limited being delineated\n§ Harvest has launched a strategic review to explore and evaluate a range of alternatives, including the potential sale of one or both business divisions, to maximize shareholder returns.\nBrian McMaster, Chairman of Harvest, said: \" Market conditions remain challenging, and while 2024 sales reflected these difficulties, we continue to focus on maintaining operational stability and supporting our customers. Looking ahead, we recognize the uncertainties in 2025 and are proactively assessing all strategic options to ensure we are well-positioned for future opportunities\"\nFURTHER INFORMATION\nFertiliser division\nIn 2024, Harvest delivered 37,186 tonnes of KP Fértil®, with 35,595 tonnes coming from then current-year orders. As such, 2024 revised guidance was met. Additionally, the Company launched an anticipation campaign in December, invoicing 3,692 tonnes for 2025, with 50% of payments already received. The total orders pla...