Brazil

Deals and financing (23)

1. 2026-10-01 · Acquisition · announced · AUD 968

   Lynas Rare Earths → Meteoric Resources · Caldeira ionic clay rare earth project (Minas Gerais)

   Lynas agreed to acquire Meteoric Resources, owner of the Caldeira ionic clay rare earth project in Brazil, in an all-share scheme at 0.0207 Lynas shares per Meteoric share, implying an equity value of about AUD 968 million.

   official release

2. 2026-09-09 · Government loan · signed · BRL 77.5

   Brazilian Development Bank (BNDES) → Viridis Mineração Ltda (Viridis Mining and Minerals) · Viridis rare earth processing and technology development

   BNDES approved a BRL 77.5 million (about USD 15 million), 16-year financing facility for Viridis' Brazilian subsidiary to support rare earth processing and technology development.

   official release

3. 2026-08-24 · Equity investment · signed · US$1,550 m

   U.S. Department of War; private lenders → Serra Verde offtake special purpose vehicle · Serra Verde Phase 1 rare earth production (Brazil)

   USA Rare Earth said the US government-backed SPV that will buy all of Serra Verde's Phase 1 rare earth output was capitalised with USD 1.55 billion, including a USD 750 million Department of War investment and a USD 500 million senior debt commitment.

   official release

4. 2026-04-20 · Acquisition · completed · US$2,800 m

   USA Rare Earth, Inc. → Serra Verde Group · Serra Verde (Pela Ema) ionic clay rare earth mine, Goiás

   USA Rare Earth agreed to acquire Serra Verde Group, which operates the Pela Ema rare earth mine in Brazil, for about USD 2.8 billion, together with a 15-year offtake of 100% of output by a US government-backed SPV with NdPr, Dy and Tb price floors.

   official release

5. 2026-03-25 · Offtake · signed

   Sichuan Yahua Industrial Group → MGLIT Empreendimentos Ltda · Spodumene concentrate (Minas Gerais)

   Yahua agreed to buy at least 120,000 dry tonnes a year of spodumene concentrate from Brazil's MGLIT for five years after stable production, with a floor price of USD 1,000/dmt (SC6 basis).

   official release

6. 2026-03-16 · Offtake · signed

   Glencore AG → Centaurus Metals · Jaguar Nickel Project (Pará)

   Glencore signed a binding offtake for 20,000 dry tonnes a year of nickel concentrate from Centaurus' Jaguar project in Brazil for five years from production, priced off LME nickel.

   official release

7. 2026-02-04 · Government loan · signed · US$565 m

   U.S. International Development Finance Corporation → SVRE Holdings Ltd (Serra Verde) · Pela Ema rare earths mine

   DFC signed a USD 565 million loan to optimise and expand Serra Verde's Pela Ema ionic-clay rare earths mine in Goiás, Brazil, a source of heavy rare earths.

   official release

8. 2026-01-30 · Acquisition · signed · BRL 4689

   Aluminum Corporation of China (Chalco, 67%); Rio Tinto (33%) → Votorantim S.A. · Companhia Brasileira de Alumínio (CBA)

   Chalco and Rio Tinto agreed to buy Votorantim's 68.6% of Companhia Brasileira de Alumínio through a 67:33 joint venture for about BRL 4.69 billion, to be followed by a mandatory tender offer for the remaining shares.

   official release

9. 2026-01-07 · Government loan · announced · US$50 m

   Export Finance Australia → Meteoric Resources · Caldeira Rare Earth Project

   EFA issued a non-binding letter of support for up to USD 50 million of financing for Meteoric's Caldeira rare earth project in Brazil, alongside an earlier USD 250 million US EXIM letter of interest.

   official release

10. 2026-01-06 · Government loan · announced · US$50 m

    Export Finance Australia → Viridis Mining and Minerals · Colossus ionic clay rare earth project

    EFA issued a non-binding letter of support for up to USD 50 million toward Colossus project debt, complementing support from EDC, Bpifrance and BNDES.

    official release

and 13 earlier deals