Verde AgriTech Board Approves Accelerated Plan for District Scale Rare Earths Discovery

Executive Summary

• Verde AgriTech’s Board approved an accelerated, cost‑efficient development plan for its newly named Minas Americas Global Alliance rare earths project.
• The company will mobilize a third drill rig the week of Oct 20 2025 and expects ionic clay confirmation, initial drilling results (Q4 2025), a maiden NI 43‑101 mineral resource estimate (Q1 2026) and a Preliminary Economic Assessment (mid‑2026).
• Verde reports approximately C$11.5 million in cash and receivables to fund the near‑term exploration program while maintaining its fertilizer business.

Key Details

• Project Naming & Approval – The district‑scale rare earths discovery is now officially called the “Minas Americas Global Alliance” project; Board approval includes an accelerated development plan.
• Drilling Schedule – Two company‑owned rigs are already operating; a third rig will be mobilized the week of Oct 20 2025. Initial drilling and trenching to be completed with assay results released in Q4 2025.
• Ionic Clay Confirmation – Planned ionic adsorption diagnostics, full leachate impurity analysis, and radiological screening are slated for Q4 2025.
• Future Milestones
• Release of ANSTO recovery test results – Q1 2026.
• Publication of maiden NI 43‑101 Mineral Resource Estimate (MRE) – Q1 2026.
• Publication of Preliminary Economic Assessment (PEA) – Mid 2026.
• Financial Position – Approximately C$11.5 million in cash and receivables available to fund the initial work program without diluting existing fertilizer operations.
• Discovery Summary (Oct 6 2025) – Continuous clay‑hosted rare earth zone covering ~5,500 ha across 13 mineral rights in Alto Paranaíba, Minas Gerais, Brazil.
• Highlight assays: up to 8,930 ppm TREO and 2,182 ppm MREO.
• 75 surface/trench samples averaged 743 ppm MREO (54/75 ≥ 400 ppm; 22/75 ≥ 1,000 ppm).
• Strong NdPr component (~19% of TREO, up to 24%) and notable dysprosium & terbium concentrations—suitable for high‑performance magnet applications in EVs, robotics, and wind power.
• Management Quote – CEO Cristiano Veloso emphasized the execution advantage of the team, current liquidity, and a disciplined capital allocation approach, stating that data will drive shareholder value creation.

Notable Quotes

“Company owned rigs are now turning, with a third rig mobilizing shortly… We expect to confirm the Project’s ionic clay mineralization and report initial drilling in Q4 2025, followed by a maiden mineral resource estimate and a Preliminary Economic Assessment in the first half of 2026.” – Cristiano Veloso, Founder & CEO

All forward‑looking statements are subject to risks and uncertainties detailed in the release.