Latest Brazil News

Meteoric Resources has locked in $40 million through a fully subscribed placement at market price, bolstering its cash reserves as it pushes the Caldeira Rare Earths Project towards a 2026 Final Investment Decision.

BHP has reported robust copper and iron ore production for the nine months to March 2026, with key projects progressing and a leadership change set for July. Operational resilience and disciplined capital moves underpin its outlook.

Patagonia Lithium has reported strong assay and porosity results from its Formentera project in Argentina, alongside a successful $2.79 million capital raise that lifts its cash position to $3.4 million. The company is advancing drilling, seismic surveys, and plans for a 1,000 tonne lithium carbonate demonstration plant.

Encounter Resources has boosted its Aileron project’s inferred niobium resource by 54%, lifting the total to 120 million tonnes at 0.77% Nb2O5. The 2025 drilling campaign notably grew the Green deposit’s contained niobium by 83%, underpinning plans for a potential long-life mining operation in Western Australia’s West Arunta region.

Brazilian Critical Minerals (ASX: BCM) has boosted the indicated mineral resource at its Ema rare earth project by 58%, now totalling 1.07 billion tonnes at 732 ppm TREO. This positions Ema as one of the world’s largest ionic clay rare earth deposits and the only ISR-ready project in the western world.

South32's March quarter saw a tragic fatality at Worsley Alumina and weather disruptions, yet the miner delivered solid operational results and progressed its Hermosa zinc-lead-silver project. Production guidance was mostly maintained, with a notable revision lower for Australia Manganese due to water management issues.

Axel REE Limited has achieved a key operational milestone in its in situ recovery (ISR) development at the Woolrich deposit within the Caladão Project, confirming strong rare earth element leach performance under low-impact magnesium sulphate conditions.

Sheffield Resources reported a fire at its Thunderbird Mineral Sands Mine feed preparation plant during maintenance, causing limited damage and no injuries. Operations resumed within two days after safety checks.

Brazilian Critical Minerals and Southern Alliance Mining have agreed to collaborate on rare earth production, focusing on in-situ recovery methods to leverage operational experience and advance BCM’s Ema project.

Axel REE is accelerating its in situ recovery (ISR) mining trials at the Caladão Project in Brazil, targeting rare earth elements and gallium extraction through a low-cost, environmentally friendly method. The company is fully funded for pilot wellfield trials at the Woolrich deposit, with expansion potential at Paraíso and Tiger Creek.

Lightning Minerals pivots to a gold-led Australian strategy, elevating its Mt Turner Project as the core value driver while shedding non-core lithium assets. The company aims to capitalise on strong initial drilling success and disciplined capital allocation amid evolving commodity cycles.

PLS Group has upsized its senior notes offering to US$600 million at 6.875%, using proceeds to refinance A$375 million of debt and halve its revolving credit facility.