Highlights

• Verde AgriTech reports peak scandium oxide concentrations up to 144 ppm in core samples at Nau de Guerra target.
• Scandium oxide findings enhance the economic viability of the Man of War Rare Earths Project with critical applications in aerospace and clean energy.
• Company preparing comprehensive mineral resource report to validate and outline economic potential of rare earth discoveries.

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Verde AgriTech Ltd (opens in a new tab) (TSX: NPK; OTCQX: VNPKF) reports today (opens in a new tab) notable scandium oxide (Sc₂O₃) concentrations from reanalyzed core samples at its Nau de Guerra target within the Man of War Rare Earths Project. These findings reveal scandium’s potential as a critical component in Verde’s rare earth exploration, further enhancing the project’s economic viability.

Key Results:

• Peak Concentrations: Sc₂O₃ levels reached up to 144 ppm in Hole AP-ND-14 at a depth of 29m.
• Complementary Metrics: Significant Total Rare Earth Oxides (TREO) and Magnetic Rare Earths Oxide (MREO) concentrations were also identified:
• Hole AP-ND-07: 72 ppm Sc₂O₃, 5,506 ppm TREO, 1,341 ppm MREO.
• Hole AP-ND-08: 63 ppm Sc₂O₃, 5,333 ppm TREO, 1,541 ppm MREO.
• Hole AP-ND-14: 107 ppm Sc₂O₃, 7,798 ppm TREO, 1,864 ppm MREO.
  

These results stem from a targeted reanalysis of 30 core samples using advanced methodologies that emphasize scandium’s industrial significance.

Strategic Importance of Scandium

Scandium is an important element because of its unique properties and applications across various industries, particularly in aerospace, clean energy, and advanced manufacturing.

Some key topics:

• Critical Applications: Scandium enhances aluminum alloys, improving strength, flexibility, and resistance to heat and corrosion, which is vital for aerospace, automotive, and clean energy technologies.
• Market Value: Scandium oxide commands a high market price of $1,016-$1,089 per kilogram due to its scarcity and demand across advanced industries.
• Sustainability Potential: Scandium’s role in solid oxide fuel cells and 3D printing underscores its growing importance in green technologies.

Economic and Exploration Highlights

• The findings at Nau de Guerra add significant value to the Man of War Project, complementing the previously identified rare earth deposits.
• Verde AgriTech is preparing a mineral resource report in compliance with NI 43-101 and JORC standards to validate these discoveries and outline their economic potential.

Leadership Perspective:

Verde’s Founder and CEO, Cristiano Veloso (opens in a new tab), emphasized the value of scandium as a key contributor to the project’s overall economic basket, noting its ability to enhance the yield per ton of ore.

Future Directions:

• Verde AgriTech remains committed to responsible exploration and is actively analyzing additional rare earth findings at the Man of War Project.
• Further updates, including detailed assay results and project developments, will be shared as exploration progresses.

This discovery positions Verde AgriTech as a significant player in the rare earths sector, with potential contributions to industries spanning aerospace, clean energy, and high-performance materials.

Company Info

Verde AgriTech's primary office is located at Avenida Álvares Cabral 1777, 2nd floor, Belo Horizonte, Minas Gerais 30170-008, Brazil. Their phone number is 55 31 3245 0205. 

Verde AgriTech is an agricultural inputs company with research labs and production plants in Brazil. Their operations include:

• Research labs: Three labs that focus on agronomy, mineralogy, and microbiology
• Production plants: Located in São Gotardo, Minas Gerais State, Brazil
• Production capacity: 3.00 million tonnes per year
• CO2 capture: Up to 0.36 million tonnes annually