Latest Rare Earths News

Oceana Metals has begun its first rare earths-focused drilling campaign at Serra Negra in Brazil, targeting a high-grade central corridor ahead of a maiden JORC resource estimate. The program starts with two rigs and is backed by A$8.16 million in cash plus a further $12.6 million from a July placement tranche.

Magnum Mining has defined a connected 32.5km² Plateau Zone at its Piracanjuba North project in Brazil after positive results from another 86 auger holes. The company is targeting a maiden JORC Mineral Resource Estimate in November 2026, but the latest desorption figures remain laboratory screening results rather than recoveries or economic data.

Sovereign Metals says a simple add-on circuit at its Malawi project could generate US$722 million of pre-tax value from monazite by-product recovery. The opportunity is commercially striking, but remains a preliminary scoping result dependent on further testwork, approvals, funding and customer qualification.

Viridis Mining and Minerals has secured approval for a R$77.5 million BNDES financing facility, reducing the estimated senior debt still required for its Colossus rare earth project to about US$280 million. The 16-year facility carries an indicative current cost of approximately 4.8% and supports the project’s Brazilian processing and research infrastructure.

Magnum Mining has confirmed broad shallow TREO enrichment across the 8.3 km² Feirinha target in Brazil, led by a 15-metre interval grading 2,190 ppm. The result is encouraging, but recoverability and mineral continuity remain untested as the company shifts to laboratory work.

Brazilian Rare Earths has commissioned its Stage I beneficiation pilot plant in Bahia and produced its first rare earth mineral concentrate. Partners will contribute R$6.4 million, or about A$1.7 million, towards the next hydrometallurgical stage planned for commissioning in Q2 2027.

Power Minerals has secured priority-project treatment from Minas Gerais for its Morro do Ferro rare earths project, directing future licensing through a specialised state pathway. The agreement improves institutional access but stops well short of environmental approval, project finance or a construction timetable.

Power Minerals has pushed the boundaries of high-grade rare earth mineralisation at its Morro do Ferro project in Brazil, with drillhole MFSR-054 revealing continuous mineralisation to 186 metres and a new high-grade zone near the bottom of the sampled interval.

Iondrive Limited’s updated evaluation of its IONSolv™ technology projects a US$243 million post-tax NPV and US$62 million annual EBITDA for a single rare earth recovery module in the US, driven by high feedstock grade assumptions and independently validated recoveries.

Viridis Mining has placed its first major equipment order for the Colossus Rare Earth Project, securing critical-path pressure filtration technology that underpins its 2028 production target.

Lion Rock Minerals has revealed high-grade rare earth element mineralisation starting at surface at its Minta Project in Cameroon, with assays showing up to 21.15% TREO in saprolite and a magnet-rich rare earth basket. A large-scale drilling campaign is underway to further define this significant discovery.

ABx Group has kicked off a targeted rare earth drilling campaign in northern Tasmania, deploying a proprietary rapid testing technique to accelerate exploration and refine resource understanding.