Verde AgriTech (NPK) Status update summary

Leadership transition and strategic direction

• Reberth Machado, with 25 years of international agribusiness and engineering experience, is appointed CEO of the fertilizer business, bringing strong industry connections and a background in large-scale ethanol and sugar production.

• Outgoing CEO Cristiano Veloso steps down to lead Magnes Rare Earths but remains as a consultant and major shareholder, ensuring continuity and knowledge transfer.

• Senior leadership team remains stable, focusing on commercial execution, operational discipline, and long-term profitable expansion.

• The company is focusing commercial efforts on large growers for both volume and credit risk management, while maintaining support for smaller farmers.

• A recent restructuring resulted in significant cost savings and a sharper commercial focus.

Strategic reorganization and business focus

• Formation of Magnes Rare Earths as a wholly owned subsidiary to advance the Minas Americas project, with plans for a future U.S. stock exchange listing.

• The reorganization aims to provide dedicated leadership and capital allocation for both the fertilizer and rare earths businesses.

• Each business will have tailored leadership to pursue distinct opportunities and capital needs.

• Shareholders retain exposure to both businesses through Magnes' ownership by the parent company.

• Magnes will accelerate technical studies, drilling, and capital-markets preparation for Minas Americas.

Growth opportunities and product advantages

• Installed production capacity stands at 3 million tons per year, with significant room for sales growth.

• The product's chloride-free composition addresses major maintenance and operational issues faced by large-scale agricultural producers using potassium chloride.

• Targeting large corporate growers, especially in the sugarcane and eucalyptus sectors, where product demand could far exceed current supply.

• The new CEO's personal experience with the negative impacts of potassium chloride positions him to effectively communicate product benefits.

• The company has conducted extensive agronomic trials and technical validation with leading research institutes and major agricultural producers.