Latest Brazil News

Magnum Mining has defined a connected 32.5km² Plateau Zone at its Piracanjuba North project in Brazil after positive results from another 86 auger holes. The company is targeting a maiden JORC Mineral Resource Estimate in November 2026, but the latest desorption figures remain laboratory screening results rather than recoveries or economic data.

Viridis Mining and Minerals has secured approval for a R$77.5 million BNDES financing facility, reducing the estimated senior debt still required for its Colossus rare earth project to about US$280 million. The 16-year facility carries an indicative current cost of approximately 4.8% and supports the project’s Brazilian processing and research infrastructure.

Magnum Mining has confirmed broad shallow TREO enrichment across the 8.3 km² Feirinha target in Brazil, led by a 15-metre interval grading 2,190 ppm. The result is encouraging, but recoverability and mineral continuity remain untested as the company shifts to laboratory work.

Brazilian Rare Earths has commissioned its Stage I beneficiation pilot plant in Bahia and produced its first rare earth mineral concentrate. Partners will contribute R$6.4 million, or about A$1.7 million, towards the next hydrometallurgical stage planned for commissioning in Q2 2027.

Sigma Lithium says its Brazilian mining and processing operations remain active after reports of a preliminary court ruling allegedly suspending its environmental licences. The ASX-listed producer says it has received no legal notice and will begin its formal defence when Brazilian courts resume on September 8.

Power Minerals has secured priority-project treatment from Minas Gerais for its Morro do Ferro rare earths project, directing future licensing through a specialised state pathway. The agreement improves institutional access but stops well short of environmental approval, project finance or a construction timetable.

Axel REE has reported a major leap in metallurgical testwork at its Caladão Project in Brazil, achieving up to 95% gallium and 74% scandium extraction from a Tiger Creek composite sample. The results mark a significant step in developing alternative gallium recovery methods beyond traditional by-product sources.

Power Minerals has pushed the boundaries of high-grade rare earth mineralisation at its Morro do Ferro project in Brazil, with drillhole MFSR-054 revealing continuous mineralisation to 186 metres and a new high-grade zone near the bottom of the sampled interval.

Lithium Universe’s Pre-Feasibility Study for its Brownsville Lithium Carbonate Refinery reveals robust economics and strategic US positioning, aiming to close North America’s lithium conversion gap.

Ionic Rare Earths (ASX: IXR) and US Strategic Metals have agreed to a 50-50 joint venture to develop rare earth magnet recycling facilities at a fully permitted Missouri site, backed by US$100 million in funding.

Hawk Resources has obtained all necessary government approvals to begin exploration at its Olympus scandium project in Western Australia, targeting a significant scandium anomaly with plans to fast-track drilling.

St George Mining has launched a pilot plant beneficiation study at its Araxá Project in Brazil, aiming to refine niobium and rare earth recovery ahead of commissioning its own processing facility in early 2027.