News Summary

• Two drill rigs turning, third expected end of October.
• Initial drill results expected in Q4 2025, followed by maiden mineral resource estimate and a Preliminary Economic Assessment in the first half of 2026.
• Verde is fully funded to execute the initial Project work program while continuing its fertilizer operations, with approximately C$11.5 million in cash and receivables on hand.
• “This is the same team that built and operated two mines and two industrial plants in the same region in Brazil—an execution advantage we intend to leverage,” commented Cristiano Veloso, Founder and CEO.