Northwire Canada EditionSunday, August 2, 2026
Northwire
S 0.140 +0.0% BNKR 4.40 −2.2% QRO 0.045 +0.0% VCT 0.075 +36.4% PPP 1.15 +0.9% LMG 0.390 +0.0% GRDM 0.140 +0.0% ABRA 13.58 −4.1% WHY 0.295 +1.7% HHH 3.94 −0.2% COS 0.060 +0.0% NOB 0.065 −23.5% MEK 0.055 +0.0% TGOL 0.105 −4.5% FCI 0.400 −7.0% SGQ 0.350 +0.0% S 0.140 +0.0% BNKR 4.40 −2.2% QRO 0.045 +0.0% VCT 0.075 +36.4% PPP 1.15 +0.9% LMG 0.390 +0.0% GRDM 0.140 +0.0% ABRA 13.58 −4.1% WHY 0.295 +1.7% HHH 3.94 −0.2% COS 0.060 +0.0% NOB 0.065 −23.5% MEK 0.055 +0.0% TGOL 0.105 −4.5% FCI 0.400 −7.0% SGQ 0.350 +0.0%
Drill Results

Verde AgriTech Reports New Best Intercept: 13.0 m at 0.83% TREO including 8.0 m at 1.01% TREO; 25% of Drilled Metres >=0.40% TREO

Verde AgriTech's Rare Earth Drilling Hits High Grades, Expands Program as Resource Estimate Nears

Executive Summary

The news release dated January 26, 2026, reports additional assay results from the drilling program at the Minas Americas Global Alliance Project (PT-34 target) in Minas Gerais, Brazil. Highlights include a new best intercept of 13.0 meters at 0.83% TREO (Total Rare Earth Oxides) including 8.0 meters at 1.01% TREO, with 25% of drilled meters grading at or above 0.40% TREO. Significant intercepts span approximately 1.7 km across the target. The company also announced that the Board has approved expanding the resource definition footprint and drilling additional meters to better outline district-scale potential. The company is targeting a maiden NI 43-101 Mineral Resource Estimate in the first half of 2026 and a Preliminary Economic Assessment (PEA) in the second half of 2026.

Material Impact

The news is materially positive for several reasons: - It confirms continued high-grade, shallow rare earth mineralization over a broad area, enhancing the project's potential scale and quality. - The results are in line with or exceed previous intercepts, supporting the thesis of a significant ionic clay-hosted rare earth deposit. - The Board's approval to expand drilling indicates confidence in the project and a commitment to rapidly advance it. - The timeline for a maiden resource (H1 2026) and PEA (H2 2026) remains on track, providing near-term catalysts. - The project is a potential game-changer for Verde, which has historically been a fertilizer company. The rare earth discovery could significantly increase the company's valuation if resources are substantial and economics positive. However, the news is not a "game-changer" rating because it is a continuation of previously announced positive results and does not represent a completely new development (like the initial discovery in October 2025 was). It is a material positive step in de-risking the project.

NPK · Price
Company Overview

Verde AgriTech is a Canada-based company with operations in Brazil. Originally focused on producing potassium fertilizers from glauconitic siltstone (marketed as K Forte® and Super Greensand), the company has recently discovered a significant rare earth element (REE) deposit on its mineral rights in Minas Gerais. The flagship project is now the "Minas Americas Global Alliance Project," a district-scale, clay-hosted rare earth discovery spanning approximately 5,500 hectares. The project is in the exploration stage, with drilling ongoing. The company also continues its fertilizer business, though it has been impacted by challenging agricultural market conditions in Brazil.

Read the original news release →

More from Verde Agritech Ltd