Latest Brazil News

Karoon Energy reported a 25% jump in net revenue interest production for Q2 2025, driven by operational recovery and the Baúna FPSO acquisition. The company also advanced its Neon development with a significant resource upgrade.

Aguia Resources reports a significant uplift in the economics of its Tres Estrades Phosphate Project in Brazil, driven by soaring phosphate prices and a streamlined production strategy targeting early 2026 start-up.

Karoon Energy announces CEO Dr Julian Fowles will depart by mid-2026 as the company relocates key corporate roles to Brazil and the USA, initiating a global search for a Houston-based successor.

Power Minerals Limited has raised A$2.6 million through a share placement to fund critical due diligence and fieldwork at its Santa Anna Niobium and Rare Earth Elements project in Brazil.

Sheffield Resources reported record quarterly production and positive operating cashflow at its Thunderbird Mine, while progressing its South Atlantic Project in Brazil with a maiden resource estimate and key approvals.

Enova Mining has revealed significant near-surface titanium oxide and rare earth element mineralisation from initial auger drilling at its CODA Central Project in Brazil, highlighting the project's multi-commodity potential.

Meteoric Resources has released a robust Pre-Feasibility Study for its Caldeira rare earths project in Brazil, highlighting a low-cost, long-life deposit with strong government backing and a targeted production start in 2028.

Meteoric Resources’ Pre-Feasibility Study confirms the Caldeira Project in Brazil as a globally significant rare earths deposit, boasting robust economics, low operating costs, and strong sustainability credentials. The study underpins a 20-year mine life with substantial growth potential amid rising global demand for critical minerals.

Gold Mountain Limited has outlined a significant Exploration Target at its Irajuba Prospect in Brazil, confirming high-grade rare earth mineralisation and setting the stage for imminent diamond drilling.

Magnum Mining & Exploration has completed key acquisitions of copper-gold projects in the USA and a rare earths package in Brazil, while raising $0.5 million through a recent entitlement offer to fund exploration and development.

Ionic Rare Earths’ Brazilian joint venture Viridion has secured land and government backing to build South America’s inaugural rare earth refining and recycling centre, aiming to start operations by late 2026.

Adelong Gold Limited has successfully completed its first gold pour at the Challenger Gold Mine, marking its transition from explorer to producer and validating its joint venture strategy.