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

Executive Summary

• Verde AgriTech closed a brokered private placement raising $4.5 million through the issuance of 3,750,000 units at $1.20 per unit.
• Each unit includes one ordinary share and one warrant to purchase an additional share at $1.65 for 30 months; the agent received a 6% cash commission and was issued broker warrants representing 3% of the units.
• Net proceeds will be used to accelerate drilling, metallurgy work, and other de‑risking activities at the Minas Americas Global Alliance rare‑earth project in Brazil, as well as for working capital and general corporate purposes.

Key Details

• Offering Size: $4,500,000 gross proceeds.
• Units Issued: 3,750,000 units @ $1.20 per unit.
• Unit Composition:
• 1 ordinary share of Verde AgriTech Ltd.
• 1 share purchase warrant (right to buy one additional share at $1.65 for 30 months).
• Placement Agents:
• Lead agent & sole bookrunner – A.G.P. Canada Investments ULC.
• U.S. placement agent – A.G.P./Alliance Global Partners.
• Commission & Broker Warrants:
• Cash commission to the Agent: 6.0% of gross proceeds.
• Broker warrants issued to the Agent: 3.0% of total units sold, exercisable at $1.65 per share for 30 months; subject to a hold period of four months and one day.
• Regulatory Exemptions: Offered under NI 45‑106 listed issuer financing exemption (Part 5A) and Coordinated Blanket Order 45‑935 in Alberta, British Columbia, and Ontario. No hold period for Canadian investors on shares/warrants; broker warrants have a limited hold period.
• Use of Proceeds:
• Accelerate resource definition drilling at the Minas Americas Global Alliance rare‑earth project (Minas Gerais, Brazil).
• Metallurgy optimization and technical de‑risking required for a maiden NI 43‑101 mineral resource estimate and scoping‑level economics.
• Working capital and general corporate purposes.
• TSX Approval: Closing remains subject to final approval by the Toronto Stock Exchange.

Notable Quotes

• “The net proceeds from this offering will significantly accelerate our technical de‑risking work at the Minas Americas project, bringing us closer to a robust NI 43‑101 resource estimate and supporting our growth strategy.” – Cristiano Veloso, Chief Executive Officer and Founder.