Verde AgriTech Reports Broad Magnet and Heavy Rare Earth Intersections From Surface at Minas Americas

Verde reports broad, high-grade rare earths from surface at Minas Americas, Brazil.

What the company is saying

Verde AgriTech, through its subsidiary Magnes Rare Earths, presents detailed drilling and assay results from the Minas Americas project in Brazil, emphasizing broad, from-surface intersections of magnet and heavy rare earth oxides. The company highlights specific intervals, such as 30 metres at 1,853 ppm MREO in MAV_RC_0063 and 53 metres at 1,242 ppm MREO in MAV_RC_0001, to underscore the scale and grade of mineralization. Cristiano Veloso, Founder and CEO of Magnes, frames the narrative around the significance of the magnet and heavy rare earth mix, positioning these results as a foundation for further exploration and process development. The announcement stresses that commercial significance will depend on future metallurgical recoveries and processing economics, not just head grades. The company is transparent about the next milestone, stating that bench-scale metallurgical results from SGS Geosol are pending and will guide subsequent process development decisions. The tone is confident but measured, with a clear acknowledgment of the early-stage nature of the project and the need for further technical validation.

What the data suggests

The disclosed results show broad, high-grade rare earth mineralization from surface, with MAV_RC_0063 returning 30 metres at 1,853 ppm MREO (including 1,792 ppm NdPr and 270 ppm HREO) and MAV_RC_0001 returning 53 metres at 1,242 ppm MREO, with a 30-metre internal interval at 1,950 ppm MREO. A 5-metre interval in MAV_RC_0054 yielded 3,310 ppm MREO and 90 ppm DyTb. Shallow auger holes such as MAV_AD_0691 and MAV_AD_0639 returned 8 metres at 2,194 ppm MREO and 11 metres at 2,179 ppm MREO, respectively. The update covers 50 new RC holes and 822 cumulative auger profiles, with a total drilling-record population of 1,191 holes and 12,640.6 metres as of September 25, 2026. Earlier SGS diagnostic leach tests showed that heavy rare earths increased from 3.0–4.1% to 6.6–12.1% of the rare-earth mix after leaching, and MREO increased from 22.2–26.3% to 41.6–48.1%. No resource estimate or economic assessment is provided, and the company explicitly states that commercial significance cannot be determined from head grades alone. The data quality is high for an exploration-stage update, with detailed intervals, grades, and QA/QC procedures disclosed.

Analysis

The announcement is a detailed exploration-stage update, providing extensive, specific assay results and drilling statistics for the Minas Americas rare earth project in Brazil. The language is proportionate to the evidence: all key claims about drilling and assay results are supported by disclosed data, including hole IDs, grades, and intervals. Forward-looking statements are limited to the expected timing of bench-scale metallurgical results and the acknowledgment that commercial significance cannot yet be determined. There is no overstatement of commercial potential or imminent production, and the release explicitly cautions that head grades alone do not determine economic viability. No large capital outlay or immediate earnings impact is disclosed; the only capital signal is the engagement of SGS Geosol for bench-scale testing, which is routine at this stage. The tone is positive but factual, with no narrative inflation or exaggerated claims.

Risk flags

• ●There is no mineral resource or reserve estimate disclosed, so the scale and continuity of mineralization remain unproven beyond the reported intervals. Without a compliant resource, investors cannot assess tonnage, grade continuity, or potential mineability.
• ●Commercial viability is undetermined, as the company has not released metallurgical recovery rates, impurity profiles, or processing cost estimates. Head grades alone do not guarantee that a saleable product can be produced at a profit.
• ●Bench-scale metallurgical results are pending, and there is execution risk around whether these will demonstrate economically viable recoveries. If recoveries are low or impurities high, the project's prospects could be materially diminished.
• ●The project remains at an early exploration stage, with no economic studies, permitting milestones, or development timeline disclosed. Significant time and capital will be required to advance toward feasibility and potential production.
• ●All results are reported as downhole intervals, not true widths, so the actual thickness and geometry of mineralized zones are not yet established. This limits the ability to model the deposit or compare directly to economic thresholds.

Bottom line

Verde AgriTech's update provides strong technical evidence of broad, high-grade magnet and heavy rare earth mineralization from surface at the Minas Americas project in Brazil, with detailed assay results across both RC and auger drilling. The company is transparent about the early-stage nature of the project and the fact that commercial significance will depend on pending metallurgical results and future economic studies. No resource estimate, recovery data, or economic assessment is available, so the investment case remains speculative and tied to future technical milestones. The next key event is the release of bench-scale metallurgical results from SGS, which will determine whether the rare earths can be economically recovered. Investors should focus on whether these results support the potential for a scalable, saleable product. The most important takeaway is that while the grades and thicknesses are promising, the project's value will hinge on metallurgical and economic validation yet to come.

Announcement summary

(TSX:NPK, OTCQX:VNPKF) Verde AgriTech Ltd. reports broad, from-surface magnet and heavy rare earth intersections at the Minas Americas Global Alliance (“Minas Americas”) project in Brazil, held through its subsidiary Magnes Rare Earths (“Magnes”). RC drilling highlights include MAV_RC_0063, which returned 30 metres at 1,853 ppm magnet rare earth oxides (MREO), including 60 ppm dysprosium–terbium oxides (DyTb) and 270 ppm heavy rare earth oxides (HREO). MAV_RC_0001 returned 53 metres from surface at 1,242 ppm MREO, including a 30-metre interval at 1,950 ppm MREO. A selected 5-metre interval in MAV_RC_0054 returned 3,310 ppm MREO and 90 ppm DyTb. Shallow auger profiles also returned high grades, with MAV_AD_0691 yielding 8 metres from surface at 2,194 ppm MREO, and MAV_AD_0639 returning 11 metres from surface at 2,179 ppm MREO and 335 ppm HREO. The update covers 50 additional RC holes and 822 cumulative auger profiles, with the combined assay compilation now covering 879 holes. The drilling-record population totals 1,191 holes and 12,640.6 recorded metres as of 25 September 2026. SGS Geosol has been engaged for bench-scale metallurgical testing, covering seven geological samples from four auger holes, plus a quality-control duplicate, with results expected following technical review. Earlier SGS diagnostic leach screening showed that heavy rare earths more than doubled their share of the rare-earth mix after leaching, with HREO increasing from 3.0–4.1% of the original samples’ rare-earth content to 6.6–12.1% of the dissolved mix, and MREO increasing from 22.2–26.3% to 41.6–48.1%. The auger programme complements the RC drilling, with selected intervals such as AD0884 (6 metres at 2,075 ppm MREO), AD0839 (6 metres at 1,946 ppm MREO), and AD0868 (11 metres at 1,799 ppm MREO). The analytical programme includes blanks, certified reference materials, and duplicates, with grades reported as length-weighted oxide equivalents in ppm. All samples were analysed by SGS Geosol Laboratórios S.A., using lithium-metaborate fusion followed by ICP-MS and ICP-OES. The Qualified Person for the release is Carlos Leite, MAusIMM CP(Geo) (No. 1006695), an independent consultant to Magnes Rare Earths. The Minas Americas project is described as an exploration-stage, clay-hosted rare-earth project in Minas Gerais, Brazil. The release states that commercial significance will depend on recovery into a saleable product, impurities, reagent requirements, and processing costs, which cannot be determined from head grades alone. The Minas Americas Drill Hole and Assay Results Annex, dated 3 October 2026, contains complete and partial results and collar records and is intended for publication alongside this release.

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