RLF AgTech and Winterleaf Joint Venture Announcement

RLF AgTech Ltd (ASX: $RLF) has executed a binding Term Sheet with Winterleaf Holdings Pty Ltd to form a Joint Venture targeting the development of carbon projects utilizing RLF's Carbon Accumulating Carbon in Soil System (ACCS) for the benefit of farmers, growers, emitters, and investors. The Joint Venture aims to reshape RLF's carbon strategy and promote the use of its ACCS, leveraging the expertise of both organizations to benefit third-party potential ACCU producers.

Executive Commentary on Joint Venture

Acting Managing Director Gavin Ball stated, 'With RLF's approved ACCU methodology and specialized plant nutrition products, combined with the extensive expertise of Mark Lewis's teams at Winterleaf and Ai Carbon, RLF is ideally placed to create real value for farmers, growers, emitters, and our Shareholders. This is the exciting first step in our refocused Carbon Strategy - working as a team with established industry leaders.'

Summary of RLF and Winterleaf Joint Venture

RLF AgTech (ASX: $RLF) has formed a Joint Venture with Winterleaf to develop carbon solutions and facilitate ACCU generation for third parties. The collaboration aims to reshape RLF's carbon strategy, promoting the use of its ACCS and leveraging Winterleaf's expertise in carbon project management and agriculture. The Joint Venture plans to implement introductory pilot projects for third parties, marking the first stage of collaboration delivery. This significant milestone positions RLF as a front-line participant in the carbon sequestration methodologies business targeted at commercial farming operators. The Term Sheet outlines key terms, including the 50:50 ownership of the joint venture, collaboration in the development of an ESG strategy, and the retention of existing intellectual property by both parties. The announcement signifies RLF's commitment to creating value for farmers, growers, emitters, and shareholders, while contributing to environmental sustainability and carbon sequestration efforts in the agricultural sector.