1.15% TREO
2,830 ppm MREO in MAV_AD_0375, from surface to EOH.
First RC results · Minas Gerais, Brazil · 8 September 2026
Rare earths from surface. New evidence at depth.
Magnes Rare Earths is advancing Minas Americas in Brazil. The latest assays add 139 auger holes and the first seven reported RC holes, including 29 m from 31 m at 0.58% TREO.
443 reported holes 3,628.8 assayed metres
Exploration stage · Head-grade drilled intervals · True thickness, recovery, mineral resources and economics have not been established
Latest drilling evidence
443 holes. Grade from surface and at depth. The next tests are clear.
The new package combines a full-hole auger benchmark, broad RC intervals to current depth limits and a quantified heavy rare-earth component. It also sharpens the work still required on continuity, recovery and economics.
0.58% TREO
31 m to 60 m EOH, with 1,346 ppm MREO.
HREO over 5 m
Including 100 ppm DyTb in MAV_RC_0012.
reported holes
3,628.8 m of cumulative reported assay drilling.
resource and PEA targets
Mineral-resource estimates before the end of 2026 and a PEA in H1 2027.
Exploration-stage project. These are selected head-grade drilled intervals, not recovery results, a mineral resource, reserve or economic assessment. MAV_RC_0012 includes a documented 30-31 m no-recovery interval, and no composite crosses the gap.
Evidence through 8 September 2026
337 days of evidence.
From the discovery announcement to 443 reported drill holes, the film follows the expanding assay record and the technical questions still to be answered.
Captioned film · Sound on for narration
Founder execution
Built from zero. Financed with discipline. Proven through cycles.
Magnes Founder & CEO Cristiano Veloso previously built and led the platform that became Verde from exploration through production and industrial scale.
Explore the founder track record- C$880M+
- Two-cycle market-cap expansion
- C$151M+
- Gross capital accessed since inception
- C$80.3M
- Record FY2022 revenue
- 3.0 Mtpa
- Reported installed production capacity
Historical Amazon Mining/Verde outcomes under Cristiano Veloso's leadership—not Magnes results. Market-cap expansion is illustrative, not realised investor returns; capital is a gross cumulative financing measure, not current liquidity.
Minas Americas project chronology
DRILLING UPDATE · 8 SEPTEMBER 2026
The updated chronology reconciles 297 previously reported holes with 146 additional holes and 1,299 assayed metres, taking the cumulative reported total to 443 holes and 3,628.8 metres.
Read the current result
Potential value inflection points
From more drilling to a first economic study.
Further drilling and assays feed the geological model. Modelling and representative metallurgy support the resource and PEA targets.
- 01 · NEXT CATALYSTTIMING NOT DISCLOSED
Further drilling results
Test repetition, drilled geometry, grade distribution and continuity across additional holes and target areas.
- 02 · TECHNICAL WORKACTIVE / PLANNED
Model + representative metallurgy
Build defensible geological domains while testing extraction, variability, selectivity and mass balance on representative material.
- 03 · CONDITIONAL TARGETBEFORE END-2026
Maiden resource estimates
Quantify tonnage, grade, geometry and classification under S-K 1300 and NI 43-101.
- 04 · CONDITIONAL TARGETH1 2027
Preliminary economic assessment
Bring resource, metallurgy, engineering and economic assumptions into a first development concept.
Management targets restated 8 September 2026: maiden resource estimates before end-2026 and a PEA in H1 2027, subject to results and the required technical work.
Investor resources
Start with the presentation, the latest result or a conversation.
The September 2026 presentation brings the investment case, drilling record, technical evidence, leadership, risks and forward catalysts into one institutional package.
Keep following
Follow the results that matter next.
Request Magnes updates or send investor relations a specific question.