Magnes is Verde AgriTech's subsidiary · No separately traded Magnes security is disclosed
Latest official result · 6 October 2026
Broad RC intervals and selected cumulative auger profiles.
MAV_RC_0063 returned 30 metres from surface at 1,853 ppm MREO, including 60 ppm DyTb, with 270 ppm HREO. MAV_AD_0691 returned 8 metres from surface at 2,194 ppm MREO; MAV_AD_0639 returned 11 metres from surface at 2,179 ppm MREO and 335 ppm HREO. These are selected cumulative auger profiles, not an all-new cohort.
ASSAY COVERAGE IN THIS UPDATE872 holes
7,196.8 assayed metres; cumulative auger profiles and additional RC results with complete or partial coverage
MAV_RC_0063 returned 30 metres from surface at 1,853 ppm MREO. Selected cumulative auger profiles include 8 metres at 2,194 ppm MREO in MAV_AD_0691 and 11 metres at 2,179 ppm MREO in MAV_AD_0639.
WHY IT MATTERS
879 compiled assay holes across 7,468.8 m.
Broad intervals beginning at surface and the magnet- and heavy-rare-earth mix strengthen the basis for further exploration and process testing, not a resource or economic conclusion. SGS bench-scale results following reconciliation and technical review; numerical results, commercial recovery and an optimised flowsheet are not established by this release.
From exploration grades to SGS process-development results.
Reporting of the SGS bench-scale results is the next milestone, after results reconciliation and technical review.
01 · COMPILED EVIDENCE25 SEPTEMBER CUTOFF
879 assay holes
The combined assay compilation covers 879 holes and 7,468.8 assayed metres at the 25 September 2026 cutoff. It includes prior results and complete or partial assay coverage; it is not all-new drilling or gross physical drilling.
02 · NEXT MILESTONEAFTER RECONCILIATION + REVIEW
SGS bench-scale results
SGS bench work covers seven geological samples from four auger holes plus one quality-control duplicate. Leach liquor, two separately analysed washes and residue were tested.
03 · PROCESS DEVELOPMENTRESULT-DEPENDENT
Extraction, impurities and mass balance
Assess the feed, leach liquor, separate washes and residue alongside reagent and filtration records to guide the next work.
04 · LATER EVIDENCE GATESNO NEW DATE PROMISED
Resource, product and economics
Further exploration, representative metallurgy and engineering must support any subsequent resource, product or economic conclusions.
No numerical results from this programme are disclosed here. An optimised flowsheet and commercial recovery have not been established; timing and outcomes are not guaranteed.
Magnes is Verde AgriTech's subsidiary. No separately traded Magnes security is disclosed.
Disclosed corporate relationship and investor access
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 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.
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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.
