Magnes Rare Earths Reports High-Grade Assays at Minas Americas Project
Event summary
- Magnes Rare Earths, a subsidiary of Verde AgriTech Ltd, reported high-grade rare earth assay results from 146 drill holes at the Minas Americas project in Brazil.
- The highest-grade full-hole result was MAV_AD_0375, which returned 15 meters from surface to end of hole averaging 1.15% TREO and 0.28% MREO.
- First RC drilling identified multiple broad, higher-grade intervals below the reach of the auger program, including 29 meters at 0.58% TREO to the bottom of a 60-meter hole.
- Cumulative reported assay drilling at Minas Americas now totals 443 holes and 3,628.8 meters.
The big picture
The results from Minas Americas add a new vertical dimension to the drill-derived dataset, identifying priority targets below current depth limits. The project's progress from shallow auger discovery to three-dimensional geological definition is significant, as it aims to quantify all four magnet oxides critical for high-performance permanent magnets. The International Energy Agency's 2026 report highlights the growing demand for these elements, underscoring the strategic importance of the project.
What we're watching
- Resource Definition
- Whether deeper and follow-up drilling will reproduce the elevated intervals identified in the current dataset.
- Metallurgical Testing
- How representative mineralized material performs in controlled metallurgical testwork to determine recoverability.
- Market Strategy
- The pace at which Magnes advances toward a potential U.S. stock exchange listing and the completion of a preliminary economic assessment.
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