Start with the 443-hole reported assay record, including the first seven RC results, then follow the work required to test continuity, recovery and economic potential.
The 8 September 2026 release describes Magnes as wholly owned by Verde AgriTech · No separately traded Magnes security is disclosed
Latest official result · 8 September 2026
From-surface grade and the first RC results at depth.
MAV_AD_0375 returned 15 metres from surface to EOH at 11,480 ppm TREO (1.15% TREO) and 2,830 ppm MREO. MAV_RC_0012 returned 29 metres from 31 metres to the 60-metre EOH at 5,751 ppm TREO (0.58% TREO) and 1,346 ppm MREO.
WHAT CHANGED146 holes
1,299 m in the latest update
The package adds 139 auger holes and the first seven reported RC holes.
WHY IT MATTERS
443 reported holes across 3,628.8 m.
The first RC results extend the drill-derived dataset below auger depths. Deeper drilling, three-dimensional modelling and representative metallurgy remain the next tests.
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.
Ownership and investor access
How the disclosed investor access works.
The 8 September 2026 release describes Magnes as wholly owned by Verde AgriTech. No separately traded Magnes security is disclosed.
Ownership status dated 8 September 2026
Current access or ownershipCorporate mandateConditional or not yet determined
Investor consequence today
An investment in Verde is exposure to Verde as a whole, including its wholly owned Magnes subsidiary. It is not a pure-play investment in Minas Americas.
What remains conditional
The proposed U.S. listing is an intention, not a completed transaction or current investment route. Timing, exchange, transaction form, approvals and post-listing ownership remain undetermined.
Sources: Magnes Rare Earths news release, 8 September 2026; Verde AgriTech formation update, 20 May 2026. This diagram does not establish the registered mineral-title chain. Minas Americas remains at exploration stage; no mineral resource, mineral reserve, project economics or development decision has been disclosed.
Historical project profile dated 16 June 2026. Current project results are available through the Latest result and Project evidence links in this resource list.
Current programme funding disclosure
Parent-company disclosure described financing support for the programme.
The parent company reported that a 2026 financing was intended to support Minas Americas drilling, metallurgical testing and technical de-risking alongside working capital and general corporate purposes.
No separately disclosed Magnes budget, ring-fenced funding amount or runway was identified. Parent-level liquidity and debt do not constitute a Magnes funding commitment, and future work may require additional capital with possible dilution or structural consequences.
Funding decisions can affect programme pace, ownership and dilution.
Leadership capital-formation record
C$151M+
Gross capital accessed at the prior company.
C$74.1M
Lifetime gross equity cash
C$77.3M
Cumulative gross bank drawdowns
Historical Amazon Mining/Verde record under Cristiano Veloso—not Magnes cash, current funding availability, project finance, capital expenditure or a financing commitment.
