Latest Brazil News

Patagonia Lithium’s latest packer tests at Formentera Well Seven reveal promising lithium brine quality and flow, suggesting potential expansion of its mineral resource.

WA1 Resources has significantly increased the indicated resource at its Luni Niobium Project to 93 Mt at 1.32% Nb2O5, backed by A$131 million in cash and progressing key development workstreams including permitting and metallurgical testwork.

Amara Minerals (ASX:AM3) has revealed high-grade gold-antimony intercepts from its deepest drilling at the Trojan Prospect within Victoria’s Lauriston Project, highlighting an expanding mineralised system with potential critical minerals significance.

Aguia Resources has implemented optimized narrow vein mining at its Santa Barbara Gold Project in Colombia, pushing head grades to 12 g/t Au and improving recoveries, signaling a step-up in production quality.

Sheffield Resources has secured an additional US$10.15 million tranche on its senior loan facility for the Thunderbird Mineral Sands Mine, aimed at bolstering working capital. Ongoing negotiations to restructure debt add an element of financial uncertainty for the joint venture.

Hawk Resources is raising up to $5.87 million through a placement and entitlement offer to fund drilling and soil sampling at its US copper and WA scandium projects. The raise includes a non-renounceable entitlement offer and options issuance, with dilution risks for non-participating shareholders.

Viridis Mining has lodged the critical Installation Licence for its Colossus Rare Earth Project in Brazil, clearing a key regulatory hurdle that unlocks construction and brings the company closer to a Final Investment Decision targeted for the second half of 2026.

Australian Strategic Materials Limited (ASM) shareholders are set to vote on a scheme of arrangement for Energy Fuels Inc. to acquire 100% of ASM shares and options, offering a significant premium and exposure to a vertically integrated rare earth supply chain.

Enova Mining has engaged renowned Brazilian rare earth specialist Alexandre da Rocha to accelerate development of its East Salinas ionic adsorption clay project, following promising high-grade drilling results.

Eminence Minerals has finalised plans for a 2,000m auger drilling program at its Campo Grande Rare Earth Project in Brazil, aiming to validate high-priority rare earth targets adjacent to Brazilian Rare Earths' Sulista district.

Oceana Metals is launching a major drilling and re-assaying campaign at its Serra Negra Rare Earths Project in Brazil, aiming for an initial resource estimate later in 2026.

Worley unveils a medium-term growth strategy through FY30 focused on expanding full project delivery, investing $70 million in AI, and leveraging strategic partnerships amid near-term geopolitical challenges.