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Core Insights - Verde AgriTech Ltd. has reported positive assay results from the first three drill holes of its resource definition program at the Minas Americas Global Alliance rare earths project in Brazil, confirming high-grade mineralization and potential for significant resource expansion [1][2][4]. Exploration Highlights - All three drill holes intersected continuous, clay-hosted rare earth mineralization from surface, indicating the presence of high-grade mineralized horizons [2][8]. - The current drill campaign, which began in October 2025, aims to test near-surface rare earth oxide mineralization and is expected to support a maiden mineral resource estimate by Q1 2026 [2][9]. Initial Drill Results - The best intercept was 14.2 meters from surface averaging 6,858 ppm Total Rare Earth Oxides (TREO) and 1,673 ppm Magnetic Rare Earth Oxides (MREO) in hole MAV_AD_002 [8][9]. - High dysprosium content was noted, with Dy₂O₃ up to 86 ppm in the best drill intercepts, enhancing the project's profile for magnet rare earths [8][9]. Next Steps - The company plans to complete approximately 200 drill holes by the end of February 2026 to support the initial NI 43-101 mineral resource estimate [9][26]. - Upcoming milestones include the publication of the maiden mineral resource estimate in Q1 2026 and the completion of a Preliminary Economic Assessment (PEA) in Q2 2026 [26][27]. Metallurgical Program - Previous leach tests confirmed ionic-adsorption clay behavior with high-value magnet rare earths reporting strongly into solution, indicating a clean leachate suitable for downstream processing [17][18]. - A dedicated metallurgical test program is being planned to optimize reagent conditions and assess potential processing routes for clay-hosted rare earth deposits [25]. Company Positioning - Verde is strategically positioned to advance the project alongside its core sustainable fertilizer business, leveraging existing infrastructure and teams in the region [5][19]. - The company aims to contribute to a secure and responsible supply of rare earths essential for the global energy transition [5][19].

Acquisition Details - NPK International Inc. announced the acquisition of Grassform Plant Hire Limited for an all-cash purchase price of £35.2 million ($46.4 million), with potential additional consideration based on performance through February 28, 2026 [1][2] - The acquisition was primarily funded using cash on hand and approximately $10 million of borrowings under the Company's U.S. credit facility [1] Company Overview - Grassform is a U.K. market leader in ground protection and temporary roadway solutions, operating a fleet of over 20,000 composite mats [1] - For the twelve months ended October 31, 2025, Grassform generated revenue of £15 million ($19 million) and EBITDA of £6 million ($8 million) [1] Strategic Implications - The acquisition is expected to enhance NPK's U.K. operations through increased scale and the addition of a skilled team, expanding market coverage [2] - The transaction aligns with NPK's growth strategy, focusing on scaling its rental business through geographic expansion and market share growth [2] - NPK anticipates meaningful opportunities in the U.K. market, supported by a robust outlook for infrastructure investments in the coming years [2]

Core Insights - Verde AgriTech Ltd. has signed an exclusive agreement with UNDO Carbon Ltd. to explore a commercial partnership focused on creating and selling carbon removal credits from Enhanced Rock Weathering activities in Brazil, which could potentially remove hundreds of thousands of tonnes of CO₂ from the atmosphere [1][2] Partnership Overview - The collaboration aims to leverage Verde's mineral resources and operational capacity in Brazil alongside UNDO's expertise in Enhanced Rock Weathering measurement and technology, creating a scalable model for carbon removal [2][3] - This agreement marks Verde's entry into the carbon credit market, establishing a framework to monetize its Enhanced Rock Weathering activities [2][6] UNDO Carbon's Achievements - UNDO has spread over 313,800 tonnes of silicate rock across 398 farms, enriching 54,400 acres of agricultural land and set to permanently remove approximately 69,000 tonnes of CO₂ [4] - The company was recognized as one of the winners of the $100 million XPRIZE Carbon Removal competition, highlighting its innovative approach to carbon dioxide removal [3] Benefits of the Partnership - For Verde, the partnership provides access to UNDO's technology for measurement, reporting, and verification of carbon removal, as well as established relationships with carbon removal buyers [5][6] - For UNDO, the agreement secures a reliable source of high-quality Enhanced Rock Weathering feedstock from Verde's operations in Brazil [2][5] Warrant Grant Details - Verde will grant UNDO up to 1.7 million common share purchase warrants, with specific conditions regarding exercise price and vesting based on cash consideration received under Qualified Offtakes [7][9][10] - The warrants are structured to align equity participation with verified carbon credit revenue milestones, ensuring value alignment with Verde shareholders [18] Enhanced Rock Weathering Process - Enhanced Rock Weathering involves spreading crushed silicate rock on agricultural land to accelerate natural weathering processes, which can potentially remove up to 4 billion tonnes of CO₂ per year if scaled effectively [19]

Core Insights - Verde AgriTech Ltd reported its Q3 2025 financial results, highlighting a challenging operating environment due to the Great Brazilian Agriculture Crisis, but noted sequential improvements in performance [2][6][30] Financial Performance - EBITDA before non-cash events was $0.1 million in Q3 2025, marking the first positive EBITDA since Q2 2023, compared to a loss of $0.03 million in Q3 2024 [6][25] - Sales volume decreased by 16% to 85,136 tons in Q3 2025 compared to Q3 2024, while revenue fell by 18% to $5.9 million [6][23] - Gross margin excluding freight remained stable at 60%, consistent with Q3 2024 [6] - Net loss narrowed to $2.1 million in Q3 2025 from a loss of $2.3 million in Q3 2024 [6][25] - Cash position improved slightly to $3.6 million from $3.4 million year-over-year, with short-term receivables at $7.9 million [6][29] Market Conditions - The agricultural sector continues to face pressures from geopolitical tensions, extreme climate risks, and high input costs, but there are signs of recovery as Brazilian farmers begin the 2025/26 planting season [8][9] - The Companhia Nacional de Abastecimento (Conab) reported expectations for high soybean, corn, and grain production, indicating resilience in agricultural output [8] - The global potash market is projected to reach $34.8 billion by 2033, with a CAGR of 2.66%, driven by population growth and food security [8][14] Sustainability Initiatives - Verde's products have the potential to capture up to 10,214 tons of CO2 through Enhanced Rock Weathering, with a net estimated capture of 7,106 tons [6][47] - The company has prevented the application of 6,740 tons of chloride in Q3 2025 by offering a chloride-free alternative to potassium chloride fertilizers [6][48] Rare Earths Exploration - Verde announced the discovery of a continuous, clay-hosted rare earth element mineralized zone in Minas Gerais, Brazil, covering approximately 5,500 hectares [6][7] - A three-rig drilling program has commenced to define high-quality magnet rare earth resources, with key project milestones outlined for 2026 [7][31] Economic Outlook - Brazil's economy is projected to grow by around 0.3% in Q3 2025, with a full-year growth forecast of 2.0% by the Brazilian Central Bank [15] - The SELIC interest rate remains high at 15%, but potential cuts may occur if inflation continues to ease, with forecasts suggesting a decline to 12.25% in 2026 [15][18]

Core Insights - National Presto Industries, Inc. (NPK) shares have declined 5.4% since the earnings report for the quarter ended September 28, 2025, underperforming the S&P 500 index, which grew by 2.3% during the same period [1] - The company reported earnings per share (EPS) of 74 cents for Q3 2025, down from $1.13 a year ago, while net sales increased by 25.7% to $115.5 million, driven by the Defense segment [2] - Despite sales growth, net earnings fell 34.2% year over year to $5.3 million from $8.1 million [2] Segment Performance - The Defense segment experienced a revenue increase of $25.8 million, or 38.6% year over year, attributed to higher shipments from backlog and improved operating earnings of $1.7 million [3] - The Housewares/Small Appliance segment saw a revenue decline of $2.3 million, a 9.2% drop, primarily due to retailer resistance against tariff-driven price increases, resulting in substantial operating losses [4] - The Startup Safety segment reported nominal sales and incurred a loss during the quarter, indicating it remains in early-stage development with ongoing investment needs [6] Management Commentary - The president of National Presto, Maryjo Cohen, highlighted the contrasting performance between segments, noting that the Defense segment benefited from backlog-driven shipments, while the Housewares segment faced challenges from tariff-related issues [5] - The company indicated that tariffs were treated as period costs, contributing to ongoing losses in the Housewares/Small Appliance unit [5]

Financial Results - National Presto Industries, Inc. reported its results for the fiscal quarter ended September 28, 2025[4]. - The press release regarding the financial results was issued on October 24, 2025[4]. - The financial results and any significant changes will be detailed in the full press release filed as Exhibit 99.1[4]. Company Information - The company is listed on the New York Stock Exchange under the trading symbol NPK[2]. - The report was signed by Maryjo Cohen, President and CEO, on October 27, 2025[7]. Compliance and Regulations - The registrant has not elected to use the extended transition period for complying with new financial accounting standards[3]. - Forward-looking statements are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995[5]. Risks and Relationships - Key risks affecting future results include government defense spending, interest rates, and competitive pricing pressures[5]. - The company emphasizes the importance of maintaining relationships with major customers, including the United States Government[5]. - The company is subject to various risks that could cause actual results to differ materially from anticipated results[5].

Core Insights - Verde AgriTech Ltd. has confirmed strong ionic-adsorption behavior at its Minas Americas Global Alliance Project in Brazil, with leach tests showing high grades of magnet rare earth elements and low impurities [1][5][10] Summary by Sections Project Overview - The Minas Americas Project has demonstrated exceptional leachate results, with primary leach solutions (PLS) showing high concentrations of magnet rare earth oxides (MREO) and low levels of contaminants such as thorium and uranium [1][4][5] Leachate Results - Top leachate intervals reported DREO (total desorbable rare earth oxide) concentrations of up to 667 mg/kg and MREO concentrations of up to 278 mg/kg, indicating a strong proportion of valuable magnet rare earth elements [5][15] - The best intervals showed head grades of MREO ranging from 1,306 to 2,182 ppm, with TREO (total rare earth oxide) between 6,081 and 8,930 ppm [5][15] Comparison with Other Projects - When compared to Aclara's Carina Project, Minas Americas exhibited significantly higher head grades and leachate concentrations, with Aclara's averages being much lower [11][13][15] Technical Aspects - The ionic-adsorption clays at Minas Americas are geologically rarer and have strategic appeal due to their shallow, soft nature, which simplifies mining and processing [7][8] - The project benefits from ultra-low contaminants in the PLS, which supports selective ion-exchange and reduces the complexity of downstream processing [5][8][19] Future Developments - The company plans to conduct further metallurgical testing to optimize extraction processes, aiming for higher recoveries of rare earth elements while maintaining a clean impurity profile [22][20]

Core Insights - Verde AgriTech Ltd. has approved an accelerated development plan for its new Minas Americas Global Alliance rare earths project following a detailed review of its recent discovery and ongoing operations [1][2][4] Project Development - The company is currently operating two drill rigs, with a third expected to be operational by the end of October 2025 [1][8] - Initial drill results and confirmation of ionic clay mineralization are anticipated in Q4 2025, with a maiden mineral resource estimate (MRE) and Preliminary Economic Assessment (PEA) targeted for H1 2026 [1][4][8] Financial Position - Verde AgriTech is fully funded for the initial project work program, holding approximately C$11.5 million in cash and receivables as of the date of the announcement [5][4] Rare Earths Discovery - The recent discovery includes a continuous, clay-hosted rare earth mineralized zone covering approximately 5,500 hectares in Brazil, with significant assay results including up to 8,930 ppm Total Rare Earth Oxides (TREO) and up to 2,182 ppm Medium Rare Earth Oxides (MREO) [6][4] - The mineralization shows a strong Neodymium-Praseodymium (NdPr) component, averaging around 19% of TREO, which is beneficial for high-performance magnet applications [6][4] Upcoming Milestones - Key upcoming milestones include confirming ionic clay mineralization, releasing assay results, and publishing the maiden MRE and PEA by mid-2026 [8][4]

Core Insights - Verde AgriTech Ltd. has commenced drilling at its rare earth discovery site in Brazil, aiming to define high-quality resources for rapid production [1][5] - The company has established a strong operational foundation in Minas Gerais, with a focus on efficient project execution without compromising its low carbon fertilizer business [3][4] Project Overview - Drilling began on October 7, 2025, with plans for a three-rig program to expedite resource definition [1][5] - The mineralized zone spans approximately 5,500 hectares and is characterized by high Total Rare Earth Oxides (TREO) and magnet grade Medium Rare Earth Oxides (MREO) [5][7] - A comprehensive Board assessment is scheduled for release on October 14, 2025, detailing the project name and milestones [4][5] Technical and Operational Highlights - The project benefits from in-house multidisciplinary teams, advanced equipment, and upgraded regional infrastructure, which enhances operational efficiency [6] - Recent assays revealed significant concentrations of TREO and MREO, with samples showing high levels of NdPr, dysprosium, and terbium, suitable for applications in electric vehicles and wind turbines [7][8]