Latest Brazil News

Ionic Rare Earths is pushing toward commercial magnet recycling in Belfast and the United States, but its FY2026 report flags a material uncertainty over its ability to continue as a going concern. The company reported a larger A$14.9 million loss and A$13.9 million in operating cash outflows, despite government support and new strategic partnerships.

Oceana Metals has more than doubled the confirmed rare earth mineralisation footprint at its Serra Negra project in Brazil to over 4.5 square kilometres. The result adds scale and several high-grade intervals, but 45 historical holes remain awaiting assays and true widths are not yet known.

Dyno Nobel has reaffirmed its FY26 outlook and retained its A$600 million FY28 underlying EBIT ambition, while setting a new A$800 million target for FY31. The explosives maker is positioning defence energetics, premium technology and growth in mining markets as the next leg of expansion.

Alvo Minerals has identified a high-conductance off-hole conductor and multiple untested targets at its Touro copper-zinc prospect in Brazil. An environmental licence now allows Phase 2 drilling across roughly 500 metres of previously inaccessible strike.

Enova Mining has secured an exclusive 30-day option over a large Brazilian monazite project while lining up almost $2 million in funding. The opportunity remains conditional on due diligence, shareholder approval and Enova’s decision to exercise the option.

Gold Mountain has returned thick, shallow rare earth intersections at Capivara, including 8 metres at 1,513 ppm TREO, while several auger holes ended near mineralisation. The company now plans deeper drilling to determine whether the strongest results continue through the saprolite profile.

Dimerix has secured Mexican composition of matter protection for its Phase 2-ready kidney drug DMX-652 until June 2041. The grant expands the asset’s patent estate ahead of planned clinical testing in acute kidney injury, although it brings no new clinical data or regulatory approval.

Enova Mining reduced its half-year loss to $790,000, but an explicit going-concern warning puts future funding at the centre of its rare earth exploration story. The company ended June with $723,000 in cash while advancing several high-grade exploration targets across Brazil and Australia.

The Australian Taxation Office has confirmed the tax treatment of Brazilian Rare Earths’ Alurion Resources demerger, including roll-over relief and the split of shareholders’ cost bases. The ruling gives eligible BRE investors a clearer framework for handling the distribution in their tax records.

Gold Mountain has identified clustered niobium, magnet rare earth and phosphate anomalies across four Araxá prospects after expanding its stream sediment dataset to 515 samples. The results sharpen exploration targets, but the project remains well short of drilling, resource definition or economic assessment.

Viridis Mining and Minerals has selected Sedgman and Blossom as the preferred EPCM partner for its Colossus rare earths project, with up to US$3 million approved for work before a final investment decision. The full contract remains conditional, but engineering and procurement activity will begin immediately.

Oceana Metals has begun its first rare earths-focused drilling campaign at Serra Negra in Brazil, targeting a high-grade central corridor ahead of a maiden JORC resource estimate. The program starts with two rigs and is backed by A$8.16 million in cash plus a further $12.6 million from a July placement tranche.