Verde AgriTech Announces District Scale High-Grade Magnetic Rare Earths Discovery in Minas Gerais, Brazil

Core Insights - Verde AgriTech Ltd. has identified a continuous clay-hosted rare earth element (REE) mineralized zone in Brazil, covering approximately 5,500 hectares across 13 mineral rights, indicating significant potential for growth in the REE sector [2][4][9] Exploration Highlights - The mineralized zone exhibits high-grade samples with total rare earth oxides (TREO) reaching up to 8,930 ppm and magnetic rare earth oxides (MREO) up to 2,182 ppm, with 22 samples exceeding 1,000 ppm MREO [4][8] - The presence of neodymium (Nd) and praseodymium (Pr) is notable, contributing an average of 19% of TREO, peaking at 24%, which is critical for high-performance permanent magnets used in electric vehicles and advanced electronics [5][8] - The exploration results indicate consistent enrichment in heavy rare earths, particularly dysprosium (Dy) and terbium (Tb), which are essential for high-temperature magnets [5][8] Next Steps - The Board of Directors is conducting a formal review to determine the best path forward for the project, considering options such as targeted drilling and potential partnerships, while balancing capital allocation with core operations [9][4] - A comprehensive update and go-forward plan are expected to be communicated within seven days, highlighting the significance of the discovery and its potential economic implications [9][4]