CORRECTION - Verde AgriTech Announces District Scale High-Grade Magnetic Rare Earths Discovery in Minas Gerais, Brazil

Executive Summary

• Verde AgriTech announced the delineation of a ~5,500‑ha continuous clay‑hosted rare earth element (REE) mineralized zone in Alto Paranaíba, Minas Gerais, Brazil.
• Surface/trench sampling (75 samples) returned exceptionally high grades: average TREO 3,532 ppm (median 3,148 ppm), peak TREO 8,930 ppm; average MREO 743 ppm with 22 samples >1,000 ppm and 7 samples >1,500 ppm.
• Heavy rare earths are present in top grades (Dy 35‑60 ppm, Tb 8‑13 ppm), supporting high‑coercivity magnet potential. Board will review next steps within seven days.

Key Details

• Zone Size & Rights: ~5,500 ha (~20 sq mi) across 13 mineral rights overlapping existing potash assets.
• Sampling Overview: 75 surface/trench samples; average MREO 743 ppm (400 ppm in 54 samples, ≥1,000 ppm in 22 samples, ≥1,500 ppm in 7 samples).
• TREO Statistics: Average 3,532 ppm, median 3,148 ppm, peak 8,930 ppm.
• Heavy Rare Earths (HREE): Top 10 MREO samples contain Dy₂O₃ 35‑60 ppm and Tb₄O₇ 8‑13 ppm.
• NdPr Contribution: Nd + Pr typically ~19 % of TREO, peaking at 24 % in highest‑grade samples.
• Key High‑Grade Samples (selected):
• PT‑34: TREO 8,861 ppm, MREO 2,182 ppm, Dy 60 ppm, Tb 13 ppm.
• PT‑34 (second interval): TREO 8,915 ppm, MREO 2,118 ppm, Dy 53 ppm, Tb 12 ppm.
• PT‑08: TREO 7,864 ppm, MREO 1,816 ppm, Dy 48 ppm, Tb 11 ppm.
• QA/QC: Analyses by SGS Geosol (ICP‑MS/OES); 3 blanks, 3 CRMs, 3 field duplicates among 84 submissions; controls ≈12 % of primary samples.
• Qualified Person: José Márcio Matta Machado Paixão, Fellow AusIMM, NI 43‑101 QP.
• Board Action: Formal review to determine optimal path (targeted drilling, staged evaluation, partnerships, etc.) with an update expected on or before 2025‑10‑13.
• Appendix Update: Table alignment corrected; assay values unchanged.

Notable Quotes

“This discovery demonstrates a rare earth mineralized zone of considerable size and coherence across our mineral rights… We are now preparing to advance the project through a Board review to identify the best path forward to unlocking the project’s full potential.” – Cristiano Veloso, Founder & CEO

All forward‑looking statements are subject to risks and uncertainties; actual results may differ materially.