How PVW Resources Is Shaping Rare Earths and Precious Metals Markets in Brazil and the US

Strategic Expansion into Tier-One Jurisdictions

PVW Resources Ltd (ASX – PVW) has taken a significant step in broadening its mining footprint by executing a binding agreement to acquire a portfolio of gold and silver projects in Nevada and Idaho, USA. This move complements its core rare earth element (REE) exploration in Brazil and positions the company within well-established precious metals jurisdictions known for robust infrastructure and mining-friendly regulations. The acquisition, expected to complete in the December quarter, includes the Cobb Creek Gold Project in Nevada and the Colorado Gulch and Silver Star Projects in Idaho, collectively covering 34.4 square kilometres of prospective ground.

Advancing Brazilian Rare Earths with Robust Drilling and Metallurgy

In Brazil, PVW has made substantial progress across its Southeast Hub, particularly at the Capão Bonito Project. The company expanded drilling by 76% to nearly 1,500 metres over 98 holes, targeting the Capão Bonito Granite domain believed to host REE-bearing clays. While assay results are still pending, the extensive sampling provides a solid foundation for refining geological models and defining exploration targets in 2026.

Crucially, first-phase metallurgical testwork conducted by SGS Geosol Laboratories has demonstrated strong ionic-adsorption-clay (IAC) characteristics, with multiple intervals showing over 50% extraction of mixed rare earth oxides (MREO) and peak values reaching 89%. This confirms that the rare earth elements are ionically bound within the clay matrix, enabling extraction through relatively simple and environmentally friendly leaching processes. Such IAC deposits are prized globally for their low capital intensity and minimal environmental footprint compared to hard-rock alternatives.

Regional Exploration and Pipeline Development

Beyond Capão Bonito, reconnaissance drilling at Sguario, Carambeí, and Cerro Azul projects has expanded PVW’s regional footprint, with early indications of multiple granite-related IAC systems. These programs have yielded valuable geological and geochemical data, setting the stage for targeted follow-up drilling in early 2026. Additionally, new exploration licences granted for the Rubim Project in Bahia State further broaden the company’s pipeline of high-potential rare earth projects in Brazil.

Capital Raising and Corporate Strategy

To support its ambitious exploration and development plans, PVW secured firm commitments for a $2.5 million placement, structured in two tranches with accompanying options. This capital injection ensures the company is well-funded to execute its forward work programs. Reflecting its evolving strategic direction, the board has proposed a name change to Union Star Metals Limited, signaling a dual-commodity focus that embraces both rare earths and precious metals across Brazil and the United States.

Looking Ahead

PVW’s immediate priorities include receiving and interpreting assay and metallurgical results from recent drilling, advancing infill and step-out drilling at Capão Bonito, and integrating data into a formal Exploration Target Statement. Metallurgical optimisation efforts will continue to refine leach chemistry and process design, laying the groundwork for future pilot-scale testing. The company’s disciplined approach and technical validation of IAC mineralisation position it well to contribute meaningfully to the global supply of rare earths critical for clean energy technologies, while its US precious metals assets offer near-term growth and portfolio resilience.