Verde AgriTech Board Approves Accelerated Plan for District Scale Rare Earths Discovery

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]