Northwire Canada EditionThursday, October 15, 2026
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GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8% NSU 0.170 +9.7% GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8% NSU 0.170 +9.7%
Drill Results Neutral

Magnes Rare Earths Reports 10 m From Surface at 0.97% TREO at Minas Americas Rare Earth Project

Verde Agritech’s rare earth drill results failed to offset the company’s broader financial struggles driven by a fertilizer market downturn and credit crisis.

By The Northwire Desk — AI Analysis Jun 16, 2026 · 07:24 NPK · 0.64 Verde Agritech Ltd
Executive Summary
  • Magnes Rare Earths (a wholly owned subsidiary of Verde AgriTech) reports assay results from 253 drill holes at the Minas Americas Global Alliance project in Minas Gerais, Brazil.
  • The update highlights consistent, shallow rare earth mineralization with strong magnet rare earth (MREO) content, particularly neodymium and praseodymium.
  • Best new selected interval: 10 m from surface averaging 0.97% TREO and 24.7% MREO/TREO.
  • The expanded dataset now covers 297 drill holes, providing a foundation for 3D geological modeling, metallurgical testing, and a maiden NI 43-101 resource estimate targeted for late 2026.
  • No new production, cost, or financial guidance is provided. The release is purely an exploration update.
Material Impact
  • This is an exploration update for a pre-revenue, pre-resource asset. It does not change the company's immediate cash flow, debt profile, or fertilizer operations.
  • The market has already priced in the corporate restructuring (May 20 news). The stock has declined ~28% since the May 20 announcement, reflecting skepticism that exploration progress alone can offset macro and operational headwinds.
  • The news is Routine - Neutral. It confirms the exploration timeline but offers no new catalysts to reverse the broader risk profile.
NPK · Price
Company Overview
  • Verde AgriTech Ltd. is a Canadian-based company primarily engaged in the production and sale of sustainable fertilizers in Brazil, utilizing glauconitic siltstone and microbial technology.
  • It holds the Minas Americas Global Alliance project, a district-scale, clay-hosted magnetic rare earth discovery in Minas Gerais, Brazil, spanning ~5,500 hectares across 13 mineral rights.
  • The company recently reorganized, spinning off the REE project into a wholly owned subsidiary, Magnes Rare Earths, with plans for a separate U.S. listing.
  • Management has prior mining/industrial execution experience in the region.
Read the original news release →

More from Verde Agritech Ltd

Oct 06, 2026 · 06:00

Verde Agritech confirms broad clay rare earth element mineralisation to depth while metallurgical testing results remain pending.

Drill Results Sep 08, 2026 · 07:12

Verde Agritech confirms depth and grade continuity in incremental drill results ahead of its year-end maiden resource estimate.

Drill Results Aug 13, 2026 · 17:30

Verde Agritech’s rare earth optionality supports its balance sheet as fertilizer losses deepen at the project.

Earnings May 20, 2026 · 07:00

Verde Splits Fertilizers from Rare Earths, Aims for U.S. Listing to Unlock Value Amidst Brazilian Credit Crisis

Other May 13, 2026 · 09:05

Verde AgriTech Revenue Plummets Amidst Debt Service Suspension as Rare Earth Drilling Progresses

Earnings Mar 26, 2026 · 07:00

Verde AgriTech navigates macro headwinds in Brazil while advancing a magnet-rich rare earths discovery; near-term earnings pressure persists even as a significant equity raise funds drilling and resource-definition work

Drill Results