reports
Verde Announces Court Approval of Debt Renegotiation Agreement
Verde Announces Court Approval of Debt Renegotiation Agreement The Agreement Secures Extended Payment Terms and Reduced Interest Rates, Enhancing Liquidity SINGAPORE, April 15, 2025 (GLOBE NEWSWIRE) -- Verde Agritech Ltd (TSX: “NPK”) ("Verde” or the “Company”) is pleased to announce that the civil court has homologated Verde’s Debt Renegotiation Agreement, as disclosed in press releases dated October 2, 20241 and November 11, 20242. Terms Applicable to Adherent Creditors: The adherent creditors, representing 92.2% of the total outstanding debt, will be subject to the following conditio...
Verde Agritech Limited and Nautica Holdings Limited announce strategic...
Verde Agritech Limited and Nautica Holdings Limited announce strategic transaction for high-grade magnetic rare earths exploration assets SINGAPORE, April 09, 2025 (GLOBE NEWSWIRE) -- Verde Agritech Ltd (TSX: “NPK”) (OTCQX: “VNPKF”) ("Verde” or the “Company”) and Nautica Holdings Limited (ACN 647 075 401), an Australian unlisted public company with AUD $1 million in cash available for investment, are pleased to jointly announce the execution of a Share Sale Agreement (“SSA”). Under the SSA, Nautica will acquire high-grade magnetic rare earths exploration assets located in Brazil ("Explora...
Verde Announces Q4 and FY 2024 Results
Verde Announces Q4 and FY 2024 Results (All figures are in Canadian dollars, unless stated otherwise. Average exchange rate in FY 2024: C$1.00 = R$3.93) SINGAPORE, March 20, 2025 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd (TSX: “NPK”) ("Verde” or the “Company”) announces its financial results for the full year ended December 31, 2024 (“FY 2024”) and the fourth quarter 2024 (“Q4 2024”), as audited by RSM SG Assurance LLP (“RSM”). "Looking back, 2023/24 will undoubtedly be remembered as one of the most challenging periods for Brazilian agriculture in this century. A historic number of farmers...
- Sid Rajeev
A Deep Value Play in the U.S. Lithium Sector – Valuation Report
Noram Lithium stands out as a deep value play in the U.S. lithium sector, with its Zeus project in Nevada trading at just 0.5% of its NPV. Adjacent to Albemarle's Silver Peak mine, the only lithium-producing operation in the U.S., Zeus holds resources comparable to major Nevada projects like Lithium Americas’ Thacker Pass. With lithium prices nearing break-even for large-scale projects and global EV sales projected to rebound in 2025, the undervaluation of Noram creates a unique opportunity. Po...
Verde’s CEO files Early Warning Report
Verde’s CEO files Early Warning Report SINGAPORE, Dec. 31, 2024 (GLOBE NEWSWIRE) -- On December 31, 2024, Cristiano Veloso, the Chief Executive Officer of Verde AgriTech Ltd. (“Verde”), transferred 4,779,829 shares (the “Shares”) of Verde to a trust of which he is neither a beneficiary nor a trustee. Prior to the transfer, he held 9,559,659 shares and 3,342,511 options, representing approximately 18.57% of the issued and outstanding shares on an undiluted basis and 22.37% on a partially-diluted basis. Following the transfer, he holds 4,779,830 shares, and 3,342,511 options, representing a...
Verde Announces CEO's Decision to End Automatic Securities Disposition...
Verde Announces CEO's Decision to End Automatic Securities Disposition Plan SINGAPORE, Dec. 24, 2024 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd. (TSX: “NPK”) (OTCQX: “VNPKF”) ("Verde” or the “Company”) announces that its President and Chief Executive Officer, Cristiano Veloso, has terminated the automatic securities disposition plan (the "ASDP") previously announced in the Company's press release dated September 28, 2023.1 Mr. Veloso was not in possession of material non-public information at the time the securities broker was provided with notice to terminate the ASDP. In accordance with th...
Verde Announces EGM Results, Oby Rare Earths Transaction Record Date, ...
Verde Announces EGM Results, Oby Rare Earths Transaction Record Date, and Cost Reductions SINGAPORE, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd. (TSX: “NPK”) ("Verde” or the “Company”) held its Extraordinary General Meeting of Shareholders (the “Meeting”) on Friday, December 20, 2024, at 300 Prof. Antônio Aleixo, Lourdes, Belo Horizonte, Minas Gerais, Brazil. The Company is pleased to announce that all resolutions presented to shareholders have been approved. Additionally, Verde has set the Record Date for the distribution of interests in Oby Rare Earths Pty Ltd (“Oby”) to share...
Verde Announces 1.35 Billion Tons of Maiden Mineral Resource Estimate ...
Verde Announces 1.35 Billion Tons of Maiden Mineral Resource Estimate at the Man of War Rare Earths Project The Resource Estimate Is One of the World’s Largest And Highest Grade Ionic Absorption Clay Projects with TREO Grade of 3,437 ppm and 793 ppm MREO SINGAPORE, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd (TSX: “NPK”) (OTCQX: “VNPKF”) (“Verde” or the “Company”) is pleased to announce a maiden mineral resource estimate of 1.35 billion tons at 3,437 ppm of Total Rare Earth Oxides (“TREO”)1 and with 793 ppm of Magnet Rare Earth Oxides (“MREO”)2 for the Man of War Rare Earths Pr...
Verde Announces Niobium Results from Man of War Rare Earths Project
Verde Announces Niobium Results from Man of War Rare Earths Project Results reveal up to 2,274 ppm Nb₂O₅, including mineralized zone of up to 95m within the same targets as rare earth elements previously disclosed by the Company SINGAPORE, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd (TSX: "NPK") (OTCQX: "VNPKF") ("Verde" or the "Company") is pleased to announce new findings within Man of War Rare Earths Project, revealing niobium mineralization (“Nb2O5”), including results up to 2,274 ppm Nb2O5. These results reinforce the potential of Man of War as a significant critical miner...
Verde Announces Scandium Results from Man of War Rare Earths Project
Verde Announces Scandium Results from Man of War Rare Earths Project Additional Results from Nau de Guerra Target Reveal Up to 144 ppm Sc₂O₃ SINGAPORE, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd (TSX: “NPK”) (OTCQX: “VNPKF”) (“Verde” or the “Company”) 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: ...
Verde Announces Man of War Rare Earths Project Spin-Off
Verde Announces Man of War Rare Earths Project Spin-Off SINGAPORE, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd (TSX: “NPK”) (OTCQX: “VNPKF”) ("Verde” or the “Company”) is pleased to announce the incorporation of Oby Rare Earths Pty. Ltd. (“Oby”) in Australia, which will independently advance the Man of War Rare Earths Project (“MoW”), subject to shareholder approval. The MoW spin-off would allow Verde to concentrate exclusively on its core business: producing and commercializing low-carbon specialty fertilizers. The Company will hold a Special Meeting of Shareholders on December...
Verde Reports up to 13,944 ppm TREO 5,222 ppm MREO and 213 ppm DyTb
Verde Reports up to 13,944 ppm TREO 5,222 ppm MREO and 213 ppm DyTb Results from 16 new holes show a thick mineralized zone up to 74m with grades up to 4,321 ppm TREO and 1,004 ppm MREO SINGAPORE, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd (TSX: "NPK") (OTCQX: "VNPKF") ("Verde" or the "Company") is pleased to announce significant drilling results from Alto da Serra target, one of the three targets of the Man of War project. Building on previously announced results from two other targets, Verde has completed the reassaying process with an additional 1,247 meters of results from...
Verde Secures Debt Renegotiation Agreement Covering 92% of Total Debts...
Verde Secures Debt Renegotiation Agreement Covering 92% of Total Debts, Reaching Improved Financial Terms R$8.5M will be eliminated off the debt under the proposed plan SINGAPORE, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd (TSX: “NPK”) ("Verde” or the “Company”) is pleased to announce that creditors representing over 92% of the Company’s total debt have adhered to proposed renegotiation terms. Non-adherent creditors represent R$11.3 million of the debt, and are now subject to different payment conditions, with a reduction of 75% of the balance and an interest rate linked to th...
Verde Announces Q3 2024 Results
Verde Announces Q3 2024 Results (All figures are in Canadian dollars, unless stated otherwise. Average exchange rate in Q3 2024: C$1.00 = R$4.06) SINGAPORE, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Verde Agritech Ltd (TSX: “NPK”) (OTCMKTS: “VNPKF”) ("Verde” or the “Company”) announces its financial results for the period ended September 30, 2024 (“Q2 2024”). Despite a slight reduction in delivered volumes, financial results for the third quarter of 2024 have shown an improvement compared to Q3 2023. The Company sold 100,986 tons in Q3 2024, down from 108,000 tons in...
Verde's assays of over 1,500m of drilling find rare earths up to 12,48...
Verde's assays of over 1,500m of drilling find rare earths up to 12,487 ppm TREO and 3,357 ppm MREO Results from 13 new holes show an 89m thick mineralized zone with grades up to 3,706 ppm TREO and 839 ppm MREO SINGAPORE, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd (TSX: “NPK”) (OTCQX: “VNPKF”) (“Verde” or the “Company”) is pleased to announce new significant results from its ongoing work to evaluate the presence of rare earths in historical diamond core drilling. The Company has completed the reassaying of 3,640 meters across three distinct targets previously drilled for ph...
High grade ionic absorption clay magnetic rare earths mineralization f...
High grade ionic absorption clay magnetic rare earths mineralization found in Verde’s historical drill holes Verde will explore ways to generate shareholder value from this opportunity while remaining committed to its focus on fertilizers SINGAPORE, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd (TSX: “NPK”) (“Verde” or the “Company”) is pleased to announce that 4,708 hectares of its mineral concessions are prospective for Magnetic Rare Earths (“MRE”) mineralization. MREs, which in Verde’s find include Praseodymium (“Pr”), Neodymium (“Nd”), Dysprosium (“Dy”), and Therbium (“Tb”), ...
Verde Successfully Renegotiates Loans with Its Two Largest Creditors
Verde Successfully Renegotiates Loans with Its Two Largest Creditors Deal Projected to Generate 115 Million Reais in Cash Savings Over the Next 24 Months SINGAPORE, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Verde Agritech Ltd (TSX: “NPK”; OTCQX: “VNPKF”) (“Verde” or the “Company”) is pleased to announce that it has successfully renegotiated with banks holding 73% of its outstanding loans. The Company expects the remaining five creditor-banks to accept the same terms or face a 75% debt reduction by a court order, as per applicable Brazilian legislation. Under the renegotiated agreem...
Verde Announces Q2 2024 Results
Verde Announces Q2 2024 Results (All figures are in Canadian dollars, unless stated otherwise. Average exchange rate in Q2 2024: C$1.00 = R$3.81) SINGAPORE, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Verde Agritech Ltd (TSX: “NPK”) ("Verde” or the “Company”) announces its financial results for the period ended June 30, 2024 (“Q2 2024”). Verde’s financial results for the second quarter of 2024 were adversely influenced by climatic events in Brazil, primarily driven by the El Niño phenomenon.1 This included periods of drought accompanied by high temperatures in the northern and central-western are...
Verde announces results of the 2024 Annual General and Special Meeting...
Verde announces results of the 2024 Annual General and Special Meeting of shareholders SINGAPORE, June 27, 2024 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd. (TSX: "NPK") ("Verde" or the "Company") held its Annual General and Special Meeting of shareholders (the "Meeting") on Thursday, June 27, 2024, at 300 Prof. Antônio Aleixo, Lourdes Belo Horizonte, Minas Gerais Brazil, and is pleased to announce that its shareholders approved all items put before them. The results were as follows: Item Voted UponVoting ResultAppointment of Hannah Oh as an Independent Director*The resolution was approved by...
- Sid Rajeev
Noram Lithium's High-Grade Breakthrough - (TSXV: NRM)
We've released a new research report on Noram Lithium Corp. The company has just released an updated resource estimate for its Zeus project in Nevada, located next to the only lithium producer in the U.S. This new estimate shows a significant high-grade component with the potential for a mine life of over 40 years.
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