With the growing global demand for critical minerals to power modern technologies, investors and even the U.S. government are actively seeking new acquisition opportunities. Against this backdrop, it’s no surprise that the sector continues to attract strong investor interest. Add in a major rare earth discovery by a junior miner, and you have the perfect recipe for a powerful share price rally in this particular name.
As mentioned, shares of Verde AgriTech Ltd. (TSX: NPK) (OTCQX: VNPKF) are surging on news that the company announced a major discovery of a district-scale, high-grade clay-hosted rare earth element (REE) zone in Alto Paranaíba, Minas Gerais, Brazil. The mineralized area spans approximately 5,500 hectares (about 20 square miles) across 13 mineral rights and was identified through a combination of geological mapping, geochemical analysis, and geophysical data, later confirmed by trench sampling. This new zone positions Verde AgriTech within one of Brazil’s emerging REE districts, an increasingly strategic sector for global supply chains.
Sampling results reveal strong magnet rare earth oxide (MREO) concentrations, averaging 743 ppm across 75 surface and trench samples, with nearly one-third exceeding 1,000 ppm. Total rare earth oxides (TREO) averaged 3,532 ppm and reached up to 8,930 ppm in some samples. Notably, neodymium and praseodymium (NdPr)—key components in high-performance magnets—represent roughly 19% of the TREO content, peaking at 24% in certain assays. The presence of dysprosium and terbium further underscores the potential for high-coercivity magnet production. Verde’s board is now reviewing the results and plans to announce its next steps within the coming week.
Shares of NPK are currently up 24.49% at $0.61 while U.S. listed shares (VNPKF) move 19.49% higher at $0.4302 per share in mid-morning trading.
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