Across the historical Amazon Mining/Verde platform.
Cristiano Veloso · Founder & CEO
Built from zero. Financed with discipline. Proven through cycles.
Cristiano Veloso founded the platform that became Verde, took it public and led its progression from exploration through production and industrial scale. He now brings that founder-operator record to Magnes.
Historical Amazon Mining/Verde record through 30 June 2026 · Magnes remains exploration stage
The record in numbers
Capital formation. Industrial execution. Public-market outcomes.
Eight outcomes define the prior-company record Cristiano now brings to Magnes.
- C$880M+
- Two-cycle market-cap expansionTwo separately measured historical public-market re-ratings.
- C$151M+
- Gross capital accessedEquity and bank capital across the prior platform’s history.
- C$80.3M
- Record annual revenueFY2022 historical Verde result.
- 3.0 Mtpa
- Reported installed production capacityMineral-fertilizer capacity across two plants.
- 3.9%
- Annualised basic share-count growthFrom the 2007 post-IPO base through 30 June 2026.
- C$17.8M
- Record annual net profitFY2022 historical Verde result.
- 2 mines · 3 plants
- Mines and plants deliveredTwo mineral-fertilizer plants and one bioproduction facility.
- 5 granted + 3 pending
- Brazilian patent portfolioTechnology development led by Cristiano; IP held within the prior company.
Historical Amazon Mining/Verde outcomes under Cristiano Veloso’s leadership—not Magnes results, assets, funding or project economics.
Capital discipline
Accessed capital. Managed dilution.
From a post-IPO base of 27.519 million shares to 56.444 million at 30 June 2026, the basic share count grew at approximately 3.9% a year while the company moved from exploration into production and scale.
This is a capital-efficient record—not a claim of zero dilution.
- C$74.1M
- Lifetime gross equity cash
- C$77.3M
- Cumulative gross bank drawdowns
2007 IPO: 13.333 million units at C$1.20 each, with one new share per unit; approximately C$16 million gross.
Approximately C$74.1 million of lifetime gross equity cash plus C$77.3 million of cumulative gross bank drawdowns through 30 June 2026. Rounded gross cumulative flows; not net new capital, current liquidity or Magnes funding.
Builder-operator execution
From mineral thesis to mines, plants and profit.
Execution extended beyond the plant gate into roads, bridge, grid connection, laboratories, innovation and operating systems.
Two mineral-fertilizer plants. One bioproduction facility.
The two fertilizer plants reached reported installed capacity of up to 3.0 Mtpa. The bioproduction facility added microorganism-input capability.
Record FY2022 revenue
That year also produced C$17.8M in record net profit, showing that the operating platform achieved a profitable record year at industrial scale.
Technologies developed. Enabling infrastructure built.
22 km roads, 14 km asphalt, a new bridge and a separate high-voltage grid connection supported the operating platform.
Public-market outcome
Two historical valuation cycles. One consistent method.
Amazon Mining/Verde moved through two separate trough-to-peak public-market cycles under Cristiano’s leadership.
C$880M+aggregate market-cap expansion across two historical cycles
C$342.3MCycle I expansion
+C$538.4MCycle II expansion
=C$880.7MAggregate
Sum of the increases in basic market capitalisation from each verified closing-price trough to its subsequent peak, using contemporaneous basic shares; illustrative, not realised investor returns.
Stress-tested leadership
A founder record tested by 6 major crises—not one straight-line cycle.
The record includes capital-market freezes, commodity shocks, recession, pandemic and the ongoing agricultural-credit crisis.
- 01 · 2008–2009
Global Financial Crisis
Advanced the early mineral thesis through cost-sharing technical partnerships while global risk capital contracted.
- 02 · 2011–2016
Natural-Resources Bear Cycle
Kept the platform moving through a prolonged sector downturn and rebuilt the development path around lower capital intensity.
- 03 · 2013
Global Potash Price War
Replaced a large-capex concept with staged development and an explicit focus on limiting dilution.
- 04 · 2014–2016
Dilma-Era Brazilian Recession
Cut overhead, maintained research and secured non-dilutive Brazilian R&D support through a deep domestic recession.
- 05 · 2020
COVID-19
Grew sales volume 103%, generated C$9.2 million of revenue and recorded the company’s first full-year net profit.
- 06 · 2023–Present
The Great Brazilian Agricultural Crisis
Prioritised receivables quality, liquidity and disciplined credit while financial stress spread across Brazilian agribusiness. The crisis remains ongoing.
“The Great Brazilian Agricultural Crisis” is management's narrative label for the sector stress beginning in 2023. It remains ongoing.
Definitions and sources
Strong numbers. Clear boundaries.
The headline figures are rounded for presentation; the definitions below preserve what each number does—and does not—measure.
Gross capital accessed
Approximately C$74.1 million of lifetime gross equity cash plus C$77.3 million of cumulative gross bank drawdowns through 30 June 2026. Rounded gross cumulative flows; not net new capital, current liquidity or Magnes funding.
Market-cap expansion
Sum of the increases in basic market capitalisation from each verified closing-price trough to its subsequent peak, using contemporaneous basic shares; illustrative, not realised investor returns.
Basic-share growth
Calculated from 27.519 million post-IPO basic shares to 56.444 million at 30 June 2026. It is not a fully diluted measure.
2008-07-312007 audited IPO and post-IPO share record
Audited year-end accounts rather than the prospectus itself. Unit warrants and agent compensation instruments mean post-IPO basic shares are not a fully diluted count.
Open source 2023-03-302022 annual information form and share-price rangeHistorical trading data and basic-share calculations do not represent capital raised, retained value or gains realised by any investor.
Open source 2023-03-3030 March 2023 FY2022 resultsHistorical Verde results. They are not Magnes revenue, profit, production, capacity or project economics.
Open source 2023-10-1010 October 2023 biomanufacturing-facility disclosureHistorical Verde facilities. The biomanufacturing plant is distinct from the two mineral-fertilizer plants and from their reported 3.0 Mtpa capacity.
Open source 2025-09-1616 September 2025 patent-portfolio updateThe portfolio belongs to the prior company and is not Magnes rare-earth intellectual property.
Open source 2018-03-292017 annual information form and development historyHistorical prior-company narrative. Proximity in time between a market shock and a strategic decision does not by itself establish causation.
Open source 2021-03-30FY2020 audited resultsHistorical Verde results during the pandemic; not evidence of Magnes performance or a claim that the crisis caused those outcomes.
Open source 2026-03-2626 March 2026 FY2025 results‘The Great Brazilian Agricultural Crisis’ is management’s narrative label, adapted grammatically from the cited release; the crisis remains ongoing.
Open source 2022-10-1919 October 2022 road and bridge disclosureHistorical prior-company works; not Magnes or Minas Americas assets or evidence of project costs, engineering, permitting, financing or a development outcome.
Open sourceHistorical Amazon Mining/Verde outcomes under Cristiano Veloso’s leadership—not Magnes results, assets, funding or project economics.
From proven execution to the next chapter
Apply the record to the work ahead.
Review the exploration evidence and the milestones the team must deliver next.