Latest Brazil News

Verity Resources has reported significant rare earth element, gallium, and titanium anomalies from surface sampling at its Pimenta Project in Brazil, confirming a polymetallic system with strong critical metal potential.

Meteoric Resources has significantly expanded its Caldeira Project's Mineral Resource Estimate to 1.5 billion tonnes at 2,359ppm TREO, positioning itself as a key alternative supplier amid tightening Chinese export controls. The company anticipates releasing its Pre-Feasibility Study in June 2025.

Critica Limited has declared a maiden Inferred Mineral Resource Estimate for its Jupiter Project, establishing it as Australia’s largest and highest-grade clay-hosted rare earth deposit. Early metallurgical testwork shows promising beneficiation results, positioning the company as a strategic player in the rare earths sector.

Skylark Minerals has completed a significant capital restructure and raised A$10 million to fuel its dual-track growth strategy, while progressing exploration and divestment activities across multiple global projects.

Brazilian Rare Earths Limited (ASX:BRE) reported exceptional exploration results in the March 2025 quarter, including record high-grade rare earth assays at Monte Alto and Pelé projects, alongside a strategic royalty agreement with Rio Tinto for its Amargosa Bauxite-Gallium Project.

Fortescue Metals Group reported record iron ore shipments for the nine months to March 2025, alongside strategic acquisitions and progress in green energy projects.

Equinox Resources’ maiden drilling at Mata da Corda reveals a rich titanium mineral assemblage, setting the stage for pilot-scale processing and resource definition. Ongoing metallurgical testwork aims to unlock multi-commodity potential including iron and rare earth elements.

Power Minerals Limited has identified significant rare earth element potential at its prospective Santa Anna niobium carbonatite project in Brazil, signing a binding letter of intent to acquire the asset and planning immediate drilling to define an exploration target.

Sheffield Resources delivered a standout quarter with record mineral sands shipments and positive operating cashflow from its Thunderbird Mine joint venture, setting the stage for a significant production increase by 2027.

Enova Mining has reported a series of high-grade titanium mineralisation intercepts at its CODA North project in Brazil, with assays exceeding 15% TiO2, reinforcing the site's rare earth and multi-commodity potential.

Power Minerals has completed its initial diamond drilling phase at the Niobio Project in Brazil, intersecting pegmatites in all 10 holes with some exceeding 30 metres in thickness. Assay results expected in coming months will guide the next exploration steps.

BHP Group Limited reported a remarkable 376% increase in half-year profit despite an 8% revenue dip, driven by operational excellence and strategic investments in copper and potash. The company declared a lower interim dividend, signaling a balanced approach to shareholder returns and growth.