Verde AgriTech Commences Drilling at District Scale Clay Hosted Rare Earths Discovery in Minas Gerais, Brazil

Executive Summary

• Verde AgriTech commenced drilling on its district‑scale clay‑hosted rare earth discovery in Alto Paranaíba, Brazil on October 7, 2025 and will expand to a three‑rig program with the second rig arriving Oct 11 and the third by mid‑October.
• The discovery zone spans ~5,500 ha across 13 mineral rights, with highlight assays up to 8,930 ppm TREO and 2,182 ppm MREO; average trench assay is 743 ppm MREO (400 ppm in 54 samples, 1,000 ppm in 22 samples).
• Board assessment—including project naming and milestone map—will be released on October 14, 2025, outlining the fastest viable path to production.

Key Details

• Drilling Schedule:
• First rig started Oct 7, 2025.
• Second rig scheduled to arrive Oct 11, 2025.

• Third rig expected to mobilize around Oct 24, 2025, creating a three‑rig program.

• Program Objective: Rapidly define highest‑quality resources to determine the quickest viable production route; Phase 2 drilling will expand delineation of the land package’s full potential.

• Metallurgical Work: Ionic adsorption confirmation and flowsheet testwork are in progress, with results targeted for Q4 2025.

• Discovery Highlights (from Oct 6 press release):

• Continuous clay‑hosted rare earth mineralized zone covering ~5,500 ha.
• Peak assays: up to 8,930 ppm TREO and 2,182 ppm MREO.
• 75 trench/surface samples average 743 ppm MREO; 54 samples ≥400 ppm, 22 samples ≥1,000 ppm.
• NdPr constitutes ~19% of TREO (peak 24%).

• High‑grade dysprosium and terbium present, suitable for magnet‑grade applications in EVs and wind turbines.

• Infrastructure Advantages: Verde leverages existing potash property infrastructure—roads, bridges, high‑voltage power, in‑house multidisciplinary teams, drill rigs, field equipment, and laboratory capacity—to accelerate the project with reduced start‑up friction.

• Board Assessment (Oct 14): Will publish formal program name, milestone map, and expected next steps for development.

• Qualified Person: José Márcio Matta Machado Paixão, Fellow AusIMM, reviewed and approved technical information under NI 43‑101.

Notable Quotes

“Building on the recently announced district scale discovery—characterized by high TREO and magnet grade MREO… we are accelerating this new rare earths project in a disciplined, cash efficient way that does not compromise our low carbon fertilizer business.” – Cristiano Veloso, Founder & CEO.