Latest Brazil News

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.

Viridis Mining and Minerals, through its Brazilian JV Viridion, has secured municipal land in Poços de Caldas to build Latin America’s first rare earth refining and recycling centre, backed by strong government support and aligned with Brazil’s critical minerals strategy.

Alcoa Corporation reported solid Q2 2025 operational results despite tariff headwinds and lower metal prices, completing a major joint venture sale and managing a delayed smelter restart.

Phoslock Environmental Technologies reported a $474,000 cashflow deficit in Q2 2025, with sales impacted by deferred European projects and ongoing US tariff uncertainties. Factory refurbishment delays push production restart to early 2026.

Axel REE Limited reports continued high-grade gallium and rare earth element assay results from its Caladão Project in Brazil, highlighting shallow, laterally extensive mineralisation in Area B. The company advances towards a maiden resource estimate, underscoring the project's strategic potential.