Latest Brazil News

Power Minerals Limited updates its acquisition of the Gamma Heavy Rare Earths Project in California, clarifying historical data limitations and securing $4.1 million to fund exploration activities.

Ionic Rare Earths has signed a landmark MOU with US Strategic Metals to develop rare earth magnet recycling in Missouri, advancing the US-Australia critical minerals partnership and aiming to reduce reliance on Chinese supply.

Viridis Mining and Minerals has secured a pivotal non-binding Letter of Support from Bpifrance, confirming eligibility for strategic financing of its Colossus Rare Earths Project in Brazil. This milestone propels the project closer to final investment decision and strengthens its position in the critical minerals supply chain.

Power Minerals reports compelling high-grade niobium and rare earth element results from shallow auger drilling at its Santa Anna Project in Brazil, setting the stage for an extensive 10,000m reverse circulation drilling program to define a maiden resource.

Alvo Minerals’ recent ground gravity survey at its Palma Project in Brazil has revealed three promising untested drill targets adjacent to the C1 deposit, potentially expanding its copper-zinc resource base.

Perpetual Resources has certified exceptionally high caesium grades up to 28.3% Cs2O at its Morro Grande prospect in Brazil’s Lithium Valley, reinforcing its potential as a major critical minerals source.

St George Mining has accelerated its final payments to Itafos, securing 100% unencumbered ownership of the Araxá Rare Earths and Niobium Project in Brazil. This move follows a significant equity raise aimed at advancing the project toward a Final Investment Decision.

Summit Minerals has closed its entitlement offer with just over a third of shares taken up, leaving a significant shortfall to be allocated by the underwriter. The funds raised will support exploration in Brazil and corporate activities.

Oceana Lithium has appointed seasoned executives Michael Wilson and Sam Brooks to its leadership team, signaling a strategic pivot towards gold, silver, and copper exploration and acquisitions. A proposed name change to Oceana Metals Limited underscores this new direction.

Alvo Minerals advances exploration at its Palma Copper-Zinc Project in Brazil, defining promising new prospects Touro and Esperanza with strong geochemical and geophysical signatures. The company also reviews rare earth projects amid rising market interest.

Chariot Corporation has secured a controlling stake in a major Nigerian lithium portfolio, marking a strategic entry into the Africa-China lithium corridor, supported by a A$1.6 million capital raise and enhanced working capital facility.

OzAurum Resources reports strong drilling results at its Mulgabbie North Gold Project and regains full control of its Feasibility Study, positioning the company for accelerated development amid record gold prices.