Latest Rare Earths News

Axel REE has secured a State environmental licensing exemption and three-year water-use registration for its planned Woolrich in situ recovery field programme in Minas Gerais. The clearances allow testing to move from the laboratory into the field, although commercial production and project economics remain unestablished.

Aldoro Resources has independently validated a direct rock-to-MREC processing route at its Kameelburg project in Namibia, producing laboratory samples of mixed rare earth carbonate and strontium carbonate. The results improve the project’s technical proposition, but commercial scale-up, optimisation and funding arrangements remain ahead.

Viridis Mining and Minerals has secured a binding long-term offtake agreement with Solvay covering most of the forecast output from its Colossus rare earths project in Brazil. The deal establishes minimum revenue of about US$915 million for key magnetic rare earths, subject to delivery, and gives the company a clearer route into debt financing.

Power Minerals has agreed to a A$5 million strategic placement to Critical Metals Corp, which is set to become an approximately 8% cornerstone shareholder. The funding will support expanded drilling at the company’s high-grade Morro do Ferro rare earths project in Brazil.

Orbit Resources has deferred the proposed Matrix Critical Minerals IPO after the offer failed to reach its minimum, cancelling next week’s shareholder meeting and returning funds received. The move preserves Orbit’s 100% ownership of the Narraburra rare earths project, but leaves its funding pathway unresolved.

Arafura Rare Earths has moved its Nolans rare earths project from financing decision to early construction, with A$700 million of procurement scope advanced during the September quarter. The company ended the period with A$885 million in cash and term deposits, while major debt and equity funding arrangements remain subject to completion conditions.

Oceana Metals has more than doubled the known rare earth mineralisation footprint at its Serra Negra project in Brazil to over 4.5 square kilometres, while drilling has accelerated to four rigs. The company has also completed the acquisition of the project, but key assays, mining-right amendments and a maiden resource remain ahead.

Magnum Mining has completed its main Piracanjuba North drilling campaign and narrowed the Brazilian rare earths project to a 32.5 square kilometre priority zone ahead of a maiden resource estimate. The progress comes with a sharper constraint: A$2.0 million in cash covers only about 1.19 quarters at the latest spending rate.

American Rare Earths has moved Halleck Creek closer to development, expanding the proposed Cowboy State Mine, completing 18 feasibility-stage drill holes and beginning pilot plant processing. But with A$11.0 million in cash and an estimated 1.44 quarters of funding at current outgoings, the next phase will likely require fresh capital or another funding source.

Meteoric Resources says approval for its Caldeira rare earths project in Brazil is now expected in early 2027 after regulators requested further information. The delay has not, according to the company, changed the proposed Lynas acquisition timetable, with an initial A$35 million tranche of interim funding received.

Lynas Rare Earths has reported its strongest September quarter in years, with sales revenue reaching A$310.1 million and NdPr production hitting a record 2,082 tonnes. The company is also advancing its Meteoric Resources acquisition and other supply-chain investments, although planned Malaysian maintenance will weigh on the December quarter.

Oceana Metals is positioning its 100%-owned Serra Negra project in Brazil as a large-scale rare earths opportunity, backed by broad, high-grade exploration results and a four-rig drilling program. The next test is whether those results can be converted into a maiden mineral resource and, eventually, an economically viable project.