07:59 AM EST, 11/18/2024 (MT Newswires) -- Verde AgriTech ( VNPKF ) on Monday said the drilling results from Alto da Serra, one of the three targets of the Man of War project in Brazil, show "exceptional potential."

Results from 16 new holes show a thick mineralized zone up to 74m with grades up to 4,321 parts per million total rare earth oxide (TREO) and 1,004 ppm magnetic rare earth oxides, the company said.

"These results highlight Man of War's exceptional potential, with mineralization levels that surpass many existing deposits," said Cristiano Veloso, Verde's founder and chief executive. "The extensive, near-surface mineralization makes Alto da Serra a strategic addition to our rare earth project, setting it apart from emerging projects and currently operational mines."