Latest Brazil News

Magnum Mining and Exploration Limited moves forward with acquiring two promising rare earth element projects in Brazil while progressing negotiations on a green pig iron venture in Saudi Arabia.

Enova Mining has completed a significant drilling campaign at its CODA North project, confirming high-grade rare earth element mineralisation, while securing $1.5 million in new funding to accelerate exploration and metallurgical testing.

Centaurus Metals reports significant progress in its Jaguar Nickel Sulphide Project, delivering a high-grade nickel concentrate and advancing mine optimisation, while also making strides in copper and iron ore projects in Brazil.

OzAurum Resources reports a dynamic quarter with fresh drilling targets at Mulgabbie, high-grade gold at Patricia, and promising niobium anomalies in Brazil, supported by a $1 million capital raise.

Aguia Resources has successfully poured its first gold and silver from the Santa Barbara high-grade project in Colombia, marking a rapid operational milestone following its acquisition of Andean Mining.

Karoon Energy delivered a record full-year sales revenue of US$776.5 million in 2024 despite a slight production dip in the final quarter. The company’s revised resource estimates and plans to acquire the Baúna FPSO signal a pivotal phase for its growth trajectory.

Patagonia Lithium Limited reports a maiden mineral resource estimate of 717,000 tonnes of lithium metal equivalent and advances exploration in Argentina and Brazil, while navigating critical funding negotiations to support its 2025 growth plans.

Cynata Therapeutics reports encouraging Phase 1 results for its diabetic foot ulcer treatment CYP-006TK, alongside a strengthened balance sheet and ongoing clinical progress.

Gold Mountain Limited reports strong exploration progress across its Brazilian lithium, rare earth, and copper projects, highlighted by high-grade drill results and expanding target pipelines.

Hawk Resources confirms significant near-surface copper mineralisation at its New Years prospect in Utah, alongside the identification of a dozen new exploration targets, setting the stage for an active 2025 drilling campaign.

Magnum Mining & Exploration Limited has extended its due diligence period for acquiring Palmares Estudos Geologicos LTDA, aiming to complete by March 31, 2025, amid regulatory and ESG documentation delays. The company plans a capital raise to support development of its substantial rare earth projects in Brazil.

Viridis Mining and Minerals has delivered a maiden Mixed Rare Earth Carbonate product with exceptional recovery rates, alongside a substantial resource upgrade at its Colossus Rare Earth Project in Brazil.