Northwire Canada EditionSunday, July 12, 2026
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GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
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

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 Mar 17, 2026 · 07:00

Verde expands rare earth footprint as it pivots from fertilizer crisis to critical minerals

Drill Results Mar 12, 2026 · 23:15

Verde Agritech closes $4.5-million private placement

Financings Mar 12, 2026 · 13:15

Verde AgriTech Announces Closing of $4.5 Million LIFE Financing With Majority Subscribed by Leading Resources Institutional Investor

Financings