Latest Brazil Exploration 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%.

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%.

Enova Mining has completed its first systematic geochemical sampling at the Santo Antônio do Jacinto project in Brazil, marking a significant step in exploring rare earth elements in a promising greenfield area. Assay results are expected by the end of September, setting the stage for targeted follow-up exploration.

Pilbara Minerals delivered robust FY25 results, completing key expansions and beating production guidance, while setting a cost-focused FY26 plan amid ongoing lithium price volatility.

Alvo Minerals has successfully closed its retail entitlement offer, raising $810,985 and bringing total proceeds from its recent capital raise to $1.56 million. The funds will support ongoing exploration at its Palma Cu/Zn Project and other mineral ventures in Brazil.

Hawk Resources has identified eight promising copper-gold targets at its Cactus project in Utah, supported by geophysical data and soil assays, while advancing its exploration funding and drilling plans.

Gold Mountain Limited reports robust exploration progress across its Brazilian portfolio, confirming high-grade rare earth element mineralisation and defining multiple lithium drill targets, supported by a $3.05 million capital raise.