Latest Brazil News

Viridis Mining has hit major milestones at its Colossus Rare Earth Project, including submitting a key environmental licence, exceeding recovery targets at its Demonstration Plant, and securing a strategic partnership with Solvay.

Meteoric Resources has significantly boosted its Caldeira Rare Earth Project with a 246% increase in Measured Resources and pilot plant recoveries surpassing pre-feasibility targets, backed by a $40 million capital raise and advancing environmental approvals.

Brazilian Rare Earths (ASX: BRE) has expanded its Monte Alto District with a new +9 km rare earth corridor at Velhinhas, confirmed by high-grade drilling. Shareholders also backed the A$50 million IPO demerger of the Amargosa Bauxite-Gallium Project into Alurion Resources.

Karoon Energy delivered a solid second quarter with 1.08 million barrels of oil equivalent produced and US$116.4 million in sales, underpinned by higher oil prices and operational milestones at Baúna and Who Dat. The company is progressing strategic growth projects and share buybacks while navigating extended Brazilian export taxes.

Raiden Resources progresses environmental approvals for its Brazilian gold tailings project, identifies new arsenic anomalies in Bulgaria, and moves to sell a major stake in its Western Australian nickel project.

Aguia Resources has completed a $3 million placement at a 10.5% discount, targeting expansion of its phosphate and gold operations in Brazil and Colombia.

Union Star Metals has agreed to sell its Brazilian rare earth subsidiary to Harvest Minerals, receiving cash, shares, and milestone payments while sharpening its focus on gold and silver exploration in the US.

Patagonia Lithium has reached 200 metres depth at Cilon Well 8, reporting strong brine flow rates and specific gravity readings indicative of lithium presence, while confirming no environmental impact from drilling activities.

Enova Mining's latest drilling at Charley Creek in the Northern Territory has validated multiple thick zones of rare earth mineralisation hosted in saprolite, with assays hitting up to 8,218ppm TREO and strong neodymium-praseodymium ratios.

Power Minerals has completed two drill holes and is progressing a third in its maiden diamond drilling program at the Morro do Ferro Rare Earths Project in Brazil, with excellent core recovery and assay results expected soon.

Gold Mountain’s latest metallurgical tests from its Capivara Prospect in Brazil reveal promising ionic adsorption clay rare earth mineralisation, with extraction rates nearing 66%. New targets at Irajuba add to the project’s expanding footprint.

Alcoa Corporation delivered a record quarterly revenue of $4 billion in Q2 2026, boosted by strong aluminium prices and operational restarts, while advancing a major acquisition of South32’s upstream assets.