Verde AgriTech Announces Closing of $4.5 Million LIFE Financing With Majority Subscribed by Leading Resources Institutional Investor

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THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

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BELO HORIZONTE, Brazil, March 12, 2026 (GLOBE NEWSWIRE) — Verde AgriTech Ltd. (TSX: NPK | OTCQX: VNPKF) (“Verde” or the “Company”) is pleased to announce the closing of a brokered private placement with majority subscribed by a leading resources institutional investor, previously announced on March 2, 2026, for aggregate gross proceeds of $4,500,000 (the “Offering”), consisting of 3,750,000 units of the Company (“Units”) issued at a price of $1.20 per Unit (the “Offering Price”). The Offering was conducted on a commercially reasonable “best efforts” basis by A.G.P. Canada Investments ULC, acting as lead agent and sole bookrunner (the “Agent”), with A.G.P./Alliance Global Partners acting as U.S. Placement Agent.

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Each Unit consists of one ordinary share of the Company (each, a “Share”) and one Share purchase warrant (each, a “Warrant”). Each Warrant entitles the holder to acquire one additional Share (a “Warrant Share”) at a price of $1.65 per Share for a period of 30 months after the date of this news release (the “Closing Date”), subject to adjustment in certain events.

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The Units were offered by way of the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”), as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the “Order”), in the provinces of Alberta, British Columbia and Ontario (the “Canadian Selling Jurisdictions”). Pursuant to NI 45-106 and the Order, the securities issued to purchasers resident in the Canadian Selling Jurisdictions under the Offering, including the Shares and the Warrants underlying the Units, and, upon exercise of the Warrants, the Warrant Shares, are not subject to a hold period under applicable Canadian securities laws. The Company is relying on the exemptions in Part 5A of NI 45-106 and the Order, and is qualified to distribute securities in reliance on the exemptions included therein.

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In connection with the Offering, the Agent received a cash commission equal to 6.0% of the gross proceeds of the Offering and the Company issued to the Agent non-transferable warrants (“Broker Warrants”) representing 3.0% of the aggregate number of Units sold pursuant to the Offering. Each Broker Warrant entitles the holder to purchase one Share of the Company at a price of $1.65 per Share for a period of 30 months from the Closing Date, subject to adjustment in certain events. The Broker Warrants are subject to a hold period of four months and one day under applicable Canadian securities laws.

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The Company intends to use the net proceeds raised from the Offering to accelerate work at its Minas Americas Global Alliance rare earth project in Minas Gerais, Brazil, including resource definition drilling, metallurgy optimization, and other technical de-risking required for a maiden National Instrument 43-101 – Standards of Disclosure for Mineral Projects mineral resource estimate and scoping level economics, and for working capital and general corporate purposes.