Latest Brazil News

Power Minerals Limited reports robust near-surface niobium and rare earth element assay results from its Santa Anna project in Brazil, setting the stage for a major 10,000m drilling campaign and a maiden resource estimate in early 2026.

Aguia Resources is advancing steadily towards mining commencement at its Três Estradas phosphate project in Brazil, with key infrastructure completed and sales agreements signed for its PAMPAFOS™ fertilizer product.

Finder Energy has acquired the Petrojarl I FPSO from Amplus Energy for US$15 million, aiming to fast-track its KTJ oil development project with a targeted final investment decision by mid-2026 and first oil by the end of 2027. This move is supported by a two-tranche institutional placement raising A$25 million at a 21.3% discount.

Finder Energy has agreed to acquire the versatile FPSO Petrojarl I for US$15 million, aiming to fast-track the KTJ Project with a targeted final investment decision by mid-2026 and first oil by the end of 2027. The company is raising A$25 million through a two-tranche placement to fund this acquisition and project development.

Patagonia Lithium has reported successful initial brine extraction and core sampling at its Formentera lithium project in Argentina, marking steady progress in its drilling campaign. Early results indicate favorable porosity and brine characteristics that support ongoing exploration efforts.

GTN Limited has appointed Vic Lorusso as its Global CEO, entrusting him with expanding the company’s footprint across Australia, the UK, Brazil, and Canada. His compensation package ties significant rewards to performance milestones, signaling a strategic push forward.

Viridis Mining and Minerals advances its Colossus Rare Earth Project with a favorable environmental assessment, despite a temporary regulatory pause to address public prosecutor concerns.

Viridis Mining and Minerals Limited has addressed ASX concerns following unusual trading linked to a Brazilian environmental recommendation on its Colossus Project. The company remains confident in securing the project's Preliminary License despite the non-binding recommendation.

Thunderbird Resources has appointed Scott Funston as a Non-Executive Director, bringing over two decades of mining and financial expertise, while Robin Wilson steps down but remains a consultant.

Magnum Mining & Exploration has launched a two-rig drilling campaign at its high-grade Feirinha Rare Earth Element Prospect in Brazil, aiming to unlock a potentially low-cost REE discovery. Initial metallurgical tests suggest promising recoverability of these critical minerals.

Power Minerals has completed the acquisition of the Santa Anna Niobium-REE-Gallium Project in Brazil, positioning itself as a key South American clean energy metals explorer. A substantial drilling campaign is set to define the project's resource potential.

Alvo Minerals Limited has issued a small, invitation-only share offer to remove trading restrictions on recently issued shares, while highlighting ongoing funding and operational risks tied to its Brazilian copper-zinc projects.