Digital Utilities Ventures, Inc. (OTCMKTS:DUTV) Announces Availability of $500 Million USDA Grants
Digital Utilities Ventures, Inc. (OTCMKTS:DUTV) announced on October 3, 2022, that the USDA is making $500 million in grants available to increase American-made fertilizer production to spur competition. The grants are being issued to support independent, innovative, and sustainable American fertilizer production to supply American farmers.
Market Stats
On Tuesday, DUTV stock moved down 1.33% to $0.0148 with more than 1.36 million shares, compared to its average volume of 3.33 million shares. The stock moved within a range of $0.0140 – 0.0150 after opening trading at $0.0150.
Key Details
The timing for American farmers is ideal, as Digital Utilities Ventures and Easy Energy Systems recently announced the Easy FEN Modular Microbe Fertilizer System. It makes use of the revolutionary, proprietary soil microbe formula (Terreplenish), which is now available for distribution in the United States.
It is a 100% automatic system, which can be deployed at rural agriculture co-ops, and will convert green local waste from each local community into the very valuable Terreplenish liquid fertilizer soil microbe that is then available for local farmers and growers. The soil microbe absorbs plant-available nitrates by absorbing atmospheric N2, while other beneficial microbes thrive in soils and assist with enhanced plant growth and disease control while releasing tied-up legacy phosphorus already in the soil.
Terreplenish has undergone a decade of independent testing, led by founder Cathy Scratch and Senior Agronomist Ron Doetch of Solutions in the Land, along with other 3rd parties who have completed numerous validation trials on more than 100 different crops.
Key Quote
Secretary of Agriculture Tom Vilsack stated “the USDA believes in the growth of innovative, local businesses owned and shared by people who can best serve their own unique community’s needs, fill gaps, and build opportunities. Recent supply chain disruptions have shown just how critical it is to invest in the agricultural supply chain here at home.”
Traders Corner
DUTV stock is trading above the 20-Day and 50-Day Moving averages of $0.0136 and $0.0131 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0092.
