Formation of Magnes Rare Earths announced
The 20 May 2026 update established Magnes as a dedicated rare-earth company and outlined a conditional intention to pursue a future separate U.S. listing.
What the release reported.
- The 16 June 2026 release described Magnes Rare Earths as a wholly owned subsidiary of Verde AgriTech Ltd. created to hold and advance Minas Americas.
- Any future separate U.S. listing for Magnes remains subject to market conditions and corporate, shareholder, regulatory, exchange and other approvals.
The exact release and its place in the chronology.
- Issuer
- Verde AgriTech Ltd.
- Issued headline
- Verde AgriTech Announces Formation of Magnes Rare Earths and Leadership Transition to Sharpen Focus and Unlock Value Across Two Distinct Growth Platforms
- Record status
- historical corporate record
This remains the formation and ownership record. Later disclosure should be checked for any change to corporate status or listing intentions.
What matters next.
This is the corporate structure described in the 16 June 2026 disclosure. No listing has occurred and no timing or outcome is assured.
Assays are head grades. Selected results do not represent the complete dataset. Reported intervals are drilled lengths; true thickness has not been determined. MREO is the analytical sum of Nd2O3 + Pr6O11 + Dy2O3 + Tb4O7, not a recovery or product specification. For the 8 September 2026 results, HREO and MREO overlap through Dy2O3 and Tb4O7 and are not additive.