Latest Brazil News

PLS Group has upsized its senior notes offering to US$600 million at 6.875%, using proceeds to refinance A$375 million of debt and halve its revolving credit facility.

Perpetual Resources has kicked off a maiden field program at its Paraíba Tungsten Project in Brazil, aiming to validate historical tungsten mineralisation and define drill targets in a region known for high-grade tungsten deposits.

QEM Limited is set to acquire two past-producing critical mineral projects in Idaho, backed by a $2.645 million placement. The move aligns with US efforts to secure domestic supplies of fluorspar, tungsten, and niobium amid global supply chain vulnerabilities.

Magnum Mining names Antonio Vitor Junior as Managing Director to spearhead major drilling campaigns at its Azimuth and Parker projects, aiming to convert promising early rare earth results into a formal resource.

Axel REE has selected its Woolrich ISR Deposit in Brazil for its first in situ recovery (ISR) rare earth elements field trial, aiming to validate low-cost extraction and downstream processing of mixed rare earth carbonate products.

Power Minerals has completed due diligence on the Morro do Ferro rare earths project in Brazil, revealing exceptional magnetic rare earth oxide grades that underpin plans to finalise acquisition and ramp up exploration.

6K Additive has secured a $3.9 million U.S. defense contract modification to expand domestic production of strategic tungsten and niobium powders, reinforcing supply chain resilience amid geopolitical risks.

Centaurus Metals has drawn strong non-binding offers from ten international financiers totaling up to US$320 million to fund its Jaguar Nickel Sulphide Project in Brazil. The company aims to appoint a lead financier by Q3 2026 alongside its Final Investment Decision.

Magnum Mining and Exploration Limited has initiated a large-scale auger drilling program at its Piracanjuba prospect within the Azimuth Rare Earth Element Project in Brazil, aiming to define an Exploration Target and a JORC Mineral Resource Estimate by late 2026.

Enova Mining Ltd (ASX: ENV) has reported further high-grade rare earth element (REE) intercepts from its maiden diamond drilling program at the East Salinas project in Brazil, confirming significant ionic adsorption clay (IAC) mineralisation within saprolite overlying the Medina Intrusive Granite Complex.

Gold Mountain Limited (ASX: GMN) has announced assay results from 41 diamond drill holes at its Irajuba IR-1 prospect in Brazil, doubling the drilled resource area and confirming thick zones of high-grade rare earth mineralisation with a strong magnet rare earth oxide content.

Aguia Resources’ Brazilian subsidiary has achieved a key regulatory milestone with official fertiliser registration, enabling commercial sales of its PAMPAFOS phosphate product in Brazil’s large agricultural market.