Latest Brazil News

Summit Minerals has postponed its General Meeting to late February to finalise the Keystone Project acquisition, while advancing exploration with a completed aeromagnetic survey.

St George Mining has released a comprehensive investor presentation spotlighting its Araxá Project in Brazil, positioning itself as a major global player in niobium and rare earth elements with significant resource expansion and strategic partnerships underway.

Aguia Resources has successfully raised $5 million through a well-supported placement to fund key developments in its Colombian gold and Brazilian phosphate projects. The capital injection aims to boost production and strengthen the company's balance sheet.

Aspermont Limited reported a $1.49 million net cash outflow in Q1 FY26 but maintains its forecast to become cash generative by Q3, supported by strong trading performance and strategic progress.

Adelong Gold has finalised the sale of its remaining 49% interest in Challenger Mines to Great Divide Mining, receiving 10 million GDM shares and retaining a capped royalty on future gold production.

Axel REE Limited's latest magnesium sulphate leach tests at the Paraíso target confirm robust rare earth grades and a magnet-rich basket, underpinning a modular in-situ leach development at the Caladão Project in Brazil.

Speculative money piled into new discoveries and tight-supply metals, while a handful of small caps were sold hard on thin liquidity. The week’s biggest moves came from PGMs and tungsten on the way up, and micro-cap gas on the way down.

Enova Mining has reported significant near-surface titanium, rare earth, and niobium mineralisation at its CODA projects in Brazil, alongside ongoing diamond drilling at East Salinas targeting high-grade rare earth zones.

Summit Minerals has acquired the high-grade Keystone Project in Nevada and raised over $1 million through a rights issue, setting the stage for a strategic rebrand to Western Ridge Resources.

Aguia Resources has secured critical financing and advanced key projects in Brazil and Colombia, setting the stage for phosphate production in early 2026 and improved gold output. Meanwhile, the company streamlines operations and divests non-core assets to sharpen its focus.

OzAurum Resources has reported strong drilling results and promising heap-leach testwork at its Mulgabbie North Gold Project, alongside a strategic $4.1 million placement to Forrestania Resources.

Eminence Minerals reports strong near-surface rare earth results in Brazil and advances a judicial review over heritage site decisions in Western Australia, while appointing new leadership to drive growth.