Verde AgriTech Ltd (TSX: NPK) (OTCQX: VNPKF) is pleased to announce new findings from the Nau de Guerra target within Man of War Rare Earths Project, revealing scandium oxide (“Sc₂O₃”) concentrations from 30 reanalyzed core samples. Although scandium was not part of the original analysis suite, a targeted reanalysis revealed promising concentrations, with results reaching:

• 144 ppm Sc₂O₃ in Hole ID AP-ND-14, at 29m;
• 72 ppm Sc₂O₃ in AP-ND-07, along with 5,506 ppm TREO and 1,341 ppm Magnetic Rare Earths Oxide (“MREO”) (from 16 to 25m);
• 63 ppm Sc₂O₃ in AP-ND-08, along with 5,333 ppm TREO and 1,541 ppm MREO (from 1 to 11m);
• 107 ppm Sc₂O₃ in AP-ND-14, along with 7,798 ppm TREO and 1,864 ppm MREO (from 22 to 33m).

In previous announcements, Verde reported results from over 740 samples from the Nau de Guerra target, analyzed by SGS laboratories using the ICP95A/IMS95A methods. These analyses covered 47 parameters, excluding scandium. Recognizing scandium’s industrial relevance, the Company conducted a reanalysis of 30 core samples across three drill holes using the ICM40B method to quantify scandium oxide (Sc₂O₃) levels specifically.

This reanalysis revealed noteworthy Sc₂O₃ concentrations alongside Total Rare Earth Oxides (“TREO”) and MREO, highlighting scandium’s economic and strategic importance within the project. A summary of scandium oxide findings, with corresponding TREO and MREO values, is provided below:

“The rare earths find, in and of itself, made the Man of War project an impressive economic opportunity. The associated scandium at the grades assayed show that the overall basket of minerals could potentially yield even more value per ton of ore,” celebrated Cristiano Veloso, Verde’s Founder and CEO.

Significance of Scandium

Scandium is a rare and versatile metal, classified as a critical mineral by several countries. It is considered the most effective microalloying element for aluminum, significantly enhancing aluminum’s strength, flexibility, and resistance to heat and corrosion while also reducing its weight. These qualities make aluminum-scandium alloys highly valued in both military and civilian aircraft, where they improve fuel efficiency, maneuverability, and range.¹

Beyond aerospace, scandium plays a crucial role in clean energy applications, such as solid oxide fuel cells, and is increasingly valuable in the automotive, 3D printing, and high-performance sports equipment industries, including in baseball bats and bicycle frames. Additionally, scandium is used in electronic ceramics, lasers, and LED lighting, where its unique properties further underscore its industrial relevance.

Market Value of Scandium

According to the Institute for Rare Earths and Metals AG, scandium commands a high market value due to its scarcity and utility in advanced industries. Scandium metal with 99.999% purity is currently valued between $5,735 and $6,025 USD per kilogram, while scandium oxide with 99.99% purity is priced between $1,016 and $1,089 USD per kilogram. This high value highlights the economic potential of Verde’s scandium-bearing resources at the Man of War Project, as demand for the element continues to grow across aerospace, energy, and other sectors.²

The Company has commissioned the preparation of a mineral resource report, to be completed in compliance with both NI 43-101 and Australian JORC standards and remains committed to responsible exploration and ongoing analysis at the Man of War Rare Earths Project. Further updates on scandium and other rare earth findings will be provided as exploration progresses.

For further technical details, the link below provides comprehensive information on the project’s location, geology, and full assay results for all rare earths elements: https://investor.verde.ag/events/investor-presentation-man-of-war-project/.

Qualified Person

The information in this announcement that relates to exploration results is based on information reviewed, recommended data collection methodologies, and overseen by QP Volodymyr Myadzel. Dr. Myadzel, PhD in Geology and a Member of the Australian Institute of Geoscientists (MAIG), brings over 25 years of experience in mineral exploration, resource modeling, and estimation of mineral deposits. His expertise spans the origin of mineralization and ore precipitation mechanisms across various geological environments. Dr. Myadzel has extensive experience in fieldwork, exploration, mineralogy, and petrography of metamorphic rocks and mineral deposits. He is also skilled in the preparation of core samples for analysis, sedimentology of alluvial and talus sediments, and the investigation of primary and secondary lithogeochemical dispersion patterns. His laboratory capabilities include transmitted-light microscopy and ore microscopy for petrography and ore mineralogy. Dr. Myadzel is a recognized Competent Person (CP) under the JORC Code and a Qualified Person (QP) under Canada’s NI 43-101 standards. He will serve as the Qualified Person for Mineral Resource estimation.

About Verde AgriTech

Verde AgriTech is dedicated to advancing sustainable agriculture through the innovation of specialty multi-nutrient potassium fertilizers. Our mission is to increase agricultural productivity, enhance soil health, and significantly contribute to environmental sustainability. Utilizing our unique position in Brazil, we harness proprietary technologies to develop solutions that not only meet the immediate needs of farmers but also address global challenges such as food security and climate change. Our commitment to carbon capture and the production of eco-friendly fertilizers underscores our vision for a future where agriculture contributes positively to the health of our planet.

For more information on how we are leading the way towards sustainable agriculture and climate change mitigation in Brazil, visit our website at https://verde.ag/en/home/.

¹ Scandium product

² Global Scandium Metal Market Overview