Latest Brazil News

Union Star Metals has agreed to sell its Brazilian rare earth subsidiary to Harvest Minerals, receiving cash, shares, and milestone payments while sharpening its focus on gold and silver exploration in the US.

Patagonia Lithium has reached 200 metres depth at Cilon Well 8, reporting strong brine flow rates and specific gravity readings indicative of lithium presence, while confirming no environmental impact from drilling activities.

Enova Mining's latest drilling at Charley Creek in the Northern Territory has validated multiple thick zones of rare earth mineralisation hosted in saprolite, with assays hitting up to 8,218ppm TREO and strong neodymium-praseodymium ratios.

Power Minerals has completed two drill holes and is progressing a third in its maiden diamond drilling program at the Morro do Ferro Rare Earths Project in Brazil, with excellent core recovery and assay results expected soon.

Gold Mountain’s latest metallurgical tests from its Capivara Prospect in Brazil reveal promising ionic adsorption clay rare earth mineralisation, with extraction rates nearing 66%. New targets at Irajuba add to the project’s expanding footprint.

Alcoa Corporation delivered a record quarterly revenue of $4 billion in Q2 2026, boosted by strong aluminium prices and operational restarts, while advancing a major acquisition of South32’s upstream assets.

Patagonia Lithium advances drilling at its Cilon project, achieving 200 metres depth with promising packer test results showing good aquifer strength and lithium brine characteristics. Environmental assessments confirm no impact, while further pump testing and resource updates are planned.

Meteoric Resources has expanded its Ore Reserve at the Caldeira Rare Earth Project in Brazil by 42%, underpinning over 20 years of production and reinforcing its Tier 1 status in the global rare earths market.

Centaurus Metals has gained regulatory approval to connect its Jaguar Nickel Sulphide Project in Brazil to the national 230kV power grid, securing 20MW of low-cost, reliable electricity that will reduce operating costs and de-risk the project ahead of a Final Investment Decision.

Brazilian Rare Earths (ASX: BRE) reports standout drill results with 1.3m at 10.9% TREO including 5.8% Y2O3, expanding its Monte Alto District rare earth footprint in Bahia, Brazil.

Within six weeks of commissioning, Aguia Resources has secured over A$2.3 million in sales of its Pampafos organic phosphate fertiliser, marking a key transition to revenue-generating operations with deliveries scheduled through year-end.

Recce Pharmaceuticals has expanded its intellectual property footprint with a key patent granted in Vietnam for its RECCE® anti-infective drugs, reinforcing its presence in a critical Southeast Asian market grappling with high antibiotic resistance.