Magnes Rare Earths Uncovers High-Grade Shallow Deposits at Minas Americas
Event summary
- Magnes Rare Earths reported 10-meter shallow deposits averaging 0.97% TREO at Minas Americas.
- 253 new drill holes confirmed repeatable shallow rare earth mineralization.
- Highest-grade interval returned 1.60% TREO in a one-meter sample.
- Project aims for maiden mineral resource estimate by end of 2026.
The big picture
The discovery of high-grade, shallow rare earth deposits at Minas Americas strengthens the project's exploration thesis, particularly for magnet rare earth oxides critical for electric vehicles and renewable energy technologies. The strategic focus on NdPr and Dy/Tb content aligns with growing demand for high-performance permanent magnets in energy-transition applications. Verde AgriTech's dedicated rare earths platform, Magnes, aims to accelerate development through disciplined technical work and potential U.S. listing.
What we're watching
- Resource Scale
- Whether the repeatable shallow mineralization can support a significant mineral resource estimate.
- Metallurgical Testing
- How metallurgical testwork will validate recoverability and leach efficiencies.
- Market Positioning
- The pace at which Magnes can establish itself as a competitive rare earth supplier.
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