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Verde Agritech Ltd
Symbol NPK
Shares Issued 52,669,724
Close 2025-10-06 C$ 1.09
Market Cap C$ 57,409,999
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Verde Agritech finds REE mineralized zone in Brazil

2025-10-06 17:41 ET - News Release

Mr. Cristiano Veloso reports

VERDE AGRITECH ANNOUNCES DISTRICT SCALE HIGH-GRADE MAGNETIC RARE EARTHS DISCOVERY IN MINAS GERAIS, BRAZIL

Verde Agritech Ltd. has delineated a continuous clay-hosted rare earth element mineralized zone in Alto Paranaiba, Minas Gerais, Brazil, covering approximately 5,500 hectares (or approximately 20 square miles) across 13 mineral rights. The zone was delineated by integrated geological mapping, geochemistry and spectral/geophysical data sets, and confirmed by trench sampling.

Exploration highlights:

  • High-grade magnet rare earth tenor across a broad sample base: Seventy-five surface/trench samples average magnetic rare earth oxides 743 parts per million.
  • Total rare earths at meaningful surface tenor: Total rare earth oxides average 3,532 ppm, median 3,148, with peak assays up to 8,930 ppm and 2,182 ppm MREO.
  • Heavy rare earths confirmed: Top-10 MREO samples carry dysprosium oxide approximately 35 to 60 ppm and terbium oxide approximately 8-13 ppm, reinforcing high-coercivity magnet potential alongside NdPr (see table 1).
  • Magnet critical balance: Neodymium and praseodymium typically contribute on average approximately 19 per cent of TREO within the samples tested, peaking at 24 per cent, with dysprosium and terbium present in higher-grade samples -- supportive of high coercivity magnet feed.
  • Near-term catalyst: Given the significance of the discovery and potential economics, Verde's board of directors is conducting a formal review and will communicate next steps within seven days.

"This discovery demonstrates a rare earth mineralized zone of considerable size and coherence across our mineral rights. The combination of TREO and MREO enrichment highlights a compelling growth opportunity," commented Cristiano Veloso, founder and chief executive officer. "We are now preparing to advance the project through a board review to identify the best path forward to unlocking the project's full potential."

MREO -- dominated by NdPr, with contributions from Dy and Tb -- is the core feedstock for high performance permanent magnets used in electric vehicle drivetrains, wind turbines and advanced electronics. A coherent, near-surface footprint with consistent NdPr tenor is a key early indicator for scale and relevance in the REE value chain.

Beyond the strong NdPr tenor, Verde's assays demonstrate consistent enrichment in the heavy rare earths dysprosium and terbium that underpin high-temperature, high-coercivity magnets. In the 10 highest-grade MREO trench samples (1,306 to 2,182 ppm MREO and 6,081 to 8,930 ppm TREO), dysprosium oxide ranges 35 to 60 ppm and terbium oxide eight to 13 ppm, with standout samples at trench PT-34 pairing greater than 2,100 ppm MREO with dysprosium oxide 53 to 60 ppm and terbium oxide 12 to 13 ppm. This persistent Dy/Tb presence alongside elevated NdPr strengthens the overall magnet rare earth basket quality.

The 13 mineral claims are held by Verde and overlap with the company's potash resources, which have been a part of the portfolio for more than a decade.

Board review and next steps

Given the significance of this discovery and its potential economics -- and mindful of Verde's primary mission as a fertilizer company -- the board of directors has initiated a formal review to determine the optimal path forward, balancing disciplined capital allocation with strategic alternatives, including targeted drilling, staged evaluation, partnerships or other structures that preserve focus on core operations while maximizing value. As part of this process, the board welcomes shareholder feedback through the company's investor relations channels, and expects to issue a comprehensive update and go-forward plan within the next seven days (on or before Oct. 13, 2025).

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Jose Marcio Matta Machado Paixao, fellow of AusIMM, who is a qualified person for exploration results under National Instrument 43-101 (Standards of Disclosure for Mineral Projects).

Quality assurance/quality control

Analyses were performed by SGS Geosol (Vespasiano, Brazil) using lithium-borate fusion with ICP-MS/OES (IMS95A/ICP95A method). The QA/QC program inserted three blanks, three certified reference materials (CRMs) and three field duplicates among 84 total submissions. Relative to the 75 primary samples, control insertion equates to 12 per cent (each control type 4 per cent versus SMP count). Analytical performance was monitored using Ce, Dy, La, Nd, Pr and Y, consistent with Joint Ore Reserves Committee-aligned practice.

About Verde Agritech Ltd.

Verde Agritech is dedicated to advancing sustainable agriculture through the innovation of specialty multinutrient potassium fertilizers. Its mission is to increase agricultural productivity, enhance soil health and significantly contribute to environmental sustainability. Utilizing its unique position in Brazil, it harnesses proprietary technologies to develop solutions that not only meet the immediate needs of farmers but also address global challenges such as food security and climate change. Its commitment to carbon capture and the production of ecofriendly fertilizers underscore its vision for a future where agriculture contributes positively to the health of the planet.

We seek Safe Harbor.

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