Latest Brazil News

Summit Minerals Limited has announced a fully underwritten entitlement offer to raise approximately $1.08 million, aimed at advancing its Brazilian exploration projects and funding potential acquisitions. The offer, priced at $0.03 per share, is open to Australian and New Zealand shareholders and is expected to dilute non-participating shareholders by about 25%.

Magnum Mining & Exploration Limited is set to begin auger drilling on its Azimuth 125 Rare Earth Elements project in Brazil, targeting 19 high-priority ionic clay REE areas identified through radiometric and geological analysis.

Gold Mountain Limited has increased its capital raise to $2 million by issuing nearly 30 million shares at a slightly higher price, lifting its voluntary trading suspension and reinforcing its exploration ambitions.

Magnum Mining & Exploration reports exceptional rare earth element recoveries from early leach tests at its Palmares REE Project in Brazil, highlighting strong potential for high-value magnet materials and a tier-one discovery.

Brazilian Critical Minerals Ltd has raised A$6 million through a well-supported placement to fast-track its flagship Ema Rare Earths Project in Brazil, aiming to move closer to commercial production.

Perpetual Resources’ maiden drilling at the Igrejinha Project confirms a fertile polymetallic lithium-caesium-tantalum system with grades surpassing global mining benchmarks. The discovery validates its strategic foothold in Brazil’s Lithium Valley and sets the stage for expanded exploration.

Gold Mountain Limited has voluntarily suspended trading on the ASX pending an announcement that will update the issue price of a recent capital raising placement.

Axel REE Limited has announced a significant inferred rare earth mineral resource of 233 million tonnes at its Caladão Project in Brazil, highlighting strong metallurgical recovery prospects that could substantially increase resource size.

Australian Mines Limited has raised $4 million through a strongly supported placement, enabling expanded drilling at its premium Flemington Scandium and Boa Vista Gold projects.

Power Minerals confirms a high-grade carbonatite hard rock intrusion at its Santa Anna Rare Earth Elements Project in Brazil, with promising grades and ongoing drilling aimed at defining a maiden resource estimate.

Gold Mountain Limited has announced a fully underwritten $1.5 million entitlement offer alongside a $2 million placement to accelerate exploration activities in Brazil and Papua New Guinea. The capital raising, discounted by 40% to recent share prices, is underwritten by major shareholder José Luis Manzano, who may increase his stake to nearly 20%.

Gold Mountain Limited launches a $3.5 million capital raise through an entitlement offer and placement to fund exploration projects in Brazil and Papua New Guinea, supported by key shareholders including Jose Luis Manzano.