Verde AgriTech (NPK) Lytham Partners 2026 Industrials & Basic Materials Summit summary

Business overview and strategy

• Operates in two critical minerals sectors: potash fertilizers and rare earths, with Brazil as a key market for both.

• Largest potash producer in Brazil, addressing the country's heavy reliance on imports, mainly from Russia.

• Rare earths program focuses on magnetic rare earth oxides essential for robotics and advanced manufacturing.

• Current rare earths drilling shows high concentrations of valuable elements like neodymium, praseodymium, dysprosium, and terbium.

• Plans to leverage experience from fertilizer development to advance rare earths from exploration to production.

Rare earths project milestones and outlook

• Ongoing drilling campaign with monthly updates; resource validation expected by end of first half of the year.

• Preliminary economic assessment (PEA) targeted for the second half of the year, aiming for significant company re-rating.

• Eight mineralized targets covering 5,000 ha; focus on expanding and validating high-grade magnetic rare earth oxides.

• Drilling results indicate easy-to-mine, high-grade, near-surface material.

• Anticipates strong news flow and engineering progress, with a major resource report and PEA by year-end.

Market dynamics and demand drivers

• Magnetic rare earth oxides are critical for wind power, EVs, and especially robotics, with demand expected to surge in 3–5 years.

• China and the US have limited supply of the rarest elements, dysprosium and terbium, which are present in significant quantities in the resource.

• Robotics and automation in manufacturing are major demand drivers for magnetic rare earths.

• Anticipates a manufacturing revolution with increased robot adoption, further boosting demand.