National Presto Industries(US:NPK) Globenewswire·2026-01-26 13:21Core Insights - Verde AgriTech Ltd. has reported promising assay results from its drilling program at the Minas Americas Global Alliance Project in Brazil, indicating significant potential for rare earth element (REE) discoveries [1][2]. Drilling Results - The first drilling target (PT-34) has shown shallow thickness, repeated high grades, and a magnet-rich rare earth basket, with significant intercepts extending across multiple holes [2]. - A total of 27 holes have been drilled, totaling 279.8 meters, with assays from 24 additional holes reported, bringing the total to 280 assayed intervals [2][8]. - Notable intercepts include a new best of 13.0 meters averaging 8,257 ppm (0.83%) TREO and 2,004 ppm (0.20%) MREO, with peak grades reaching 13,453 ppm (1.35%) TREO and 3,836 ppm (0.38%) MREO [8]. Resource Expansion and Technical Disclosure - The Board has approved the expansion of the resource definition footprint and additional drilling to better outline the district-scale potential of the Project [2]. - The Company is preparing technical disclosures under Canadian NI 43-101 and U.S. SEC Regulation S-K Subpart 1300, enhancing comparability for global investors [2][6]. Economic Assessment and Future Plans - Verde aims to complete a maiden NI 43-101 Mineral Resource Estimate in the first half of 2026 and a Preliminary Economic Assessment (PEA) in the second half of 2026 [6]. - The ongoing work includes drill-based composite metallurgical testing and continued reporting of drill assays and metallurgical results as they become available [5][8]. Significant Intercepts and Grade Distribution - Of the 279.8 meters drilled at PT-34, 71.2 meters (25.4%) returned grades of ≥0.40% TREO, with 8.0 meters (2.9%) returning grades of ≥1.00% TREO [10]. - The distribution of magnet rare earths strengthens with grade, with MREO averaging ~23% of TREO in intervals ≥0.40% TREO, rising to ~26% in intervals ≥1.00% TREO [8].