TSX-V: CTH
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Assets & Technologies

Overview
Maginito Logo

Maginito Ltd.

Investment Year

2022

Sector

Agriculture

HQ

Canada

Status

Active

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The Company

International Zeolite Corp. “IZ” is listed on the TSX-V, which has secured the rights to NEREA® a potentially ground-breaking fertilizer technology. Studies have shown that the technology could improve the efficacy of fertilizer by a factor of up to 8x, and reduce plant and growth cycles as much as 25%.

Fertilizer is a major contributor to global CO2 emissions and the NEREA® technology can help growers reduce their carbon footprint. NEREA® technology could significantly reduce the Western world’s fertilizer needs and its exposure to higher risk jurisdiction for much needed supply. All nutrients are bound directly to natural zeolite using a proprietary process which is then mixed into the soil/soil amendments, plugs or cubes. Plant roots take what they need, when they need it resulting in no leaching/runoff/waste.

The Partnership

CoTec has agreed for an initial equity investment at $0.15/share for approximately US$2m, subject to satisfactory due diligence and approval from the relevant US authorities for licensing in the USA. Includes one-for-one warrants at $0.18/share for a period of 12 months. Interim financing of $300k provided while DD completes.

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