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”), are in high demand due to their critical role in the energy transition. These elements are essential components in the production of high-performance magnets used in electric vehicles, wind turbines, and other green technologies, positioning Verde as a strategic player in supporting the global shift towards renewable energy solutions.