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Highlights:
- Nautica to acquire high-grade Brazilian rare earth assets from Verde’s subsidiary, Oby
- The transaction involves 2 billion shares issued to Verde shareholders
- Nautica plans IPO on ASX and renaming to Oby Critical Minerals Limited post-completion
Verde Agritech Ltd (TSX: NPK) (OTCQX: VNPKF) and Nautica Holdings Limited (ACN 647 075 401) have entered into a Share Sale Agreement (SSA), facilitating the acquisition of high-grade magnetic rare earths exploration assets located in Brazil. The deal involves the transfer of these assets from Verde’s subsidiary, Oby Rare Earths Pty Ltd (Oby), to Nautica Holdings.
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