Latest Brazil News

Summit Minerals has closed its entitlement offer with just over a third of shares taken up, leaving a significant shortfall to be allocated by the underwriter. The funds raised will support exploration in Brazil and corporate activities.

Oceana Lithium has appointed seasoned executives Michael Wilson and Sam Brooks to its leadership team, signaling a strategic pivot towards gold, silver, and copper exploration and acquisitions. A proposed name change to Oceana Metals Limited underscores this new direction.

Alvo Minerals advances exploration at its Palma Copper-Zinc Project in Brazil, defining promising new prospects Touro and Esperanza with strong geochemical and geophysical signatures. The company also reviews rare earth projects amid rising market interest.

Chariot Corporation has secured a controlling stake in a major Nigerian lithium portfolio, marking a strategic entry into the Africa-China lithium corridor, supported by a A$1.6 million capital raise and enhanced working capital facility.

OzAurum Resources reports strong drilling results at its Mulgabbie North Gold Project and regains full control of its Feasibility Study, positioning the company for accelerated development amid record gold prices.

St George Mining reports exceptional high-grade rare earth and niobium mineralisation at its Araxá Project in Brazil, alongside a strategic US partnership and a significant capital raise to fuel expansion.

Tombador Iron Limited is set to transform into Atomic Eagle Limited through its acquisition of GoviEx Uranium Inc, creating a new ASX-listed uranium explorer focused on Africa’s Muntanga Project. A capital raise of up to A$10 million will underpin this strategic pivot.

Enova Mining confirms robust rare earth and titanium mineralisation across its Brazilian projects, advancing towards maiden drilling at East Salinas backed by a $0.85 million capital raise.

Equinox Resources reports promising rare earth results in Brazil while facing a legal challenge over Aboriginal heritage sites at its Hamersley Iron Ore Project in Western Australia. The company also divests a Canadian asset and prepares for leadership changes.

Aguia Resources advances its phosphate operations in Brazil with new funding and plant upgrades, while a management overhaul in Colombia reveals a significant gold discovery at Santa Barbara.

PVW Resources has advanced its Brazilian rare earth projects with promising drilling and metallurgical results, while securing a strategic acquisition of gold and silver assets in the US to diversify its portfolio.

Australian Mines Limited has launched a major diamond drilling program at its Boa Vista Gold Project in Brazil, uncovering a promising new high-grade zone and securing $6.5 million in capital to accelerate exploration.