Brazilian Rare Earth Projects Upgrade Resources to Measured Status, Advancing Feasibility Studies

Published: Jul 13, 2026 09:46

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[SMM Rare Earth Flash] Brazilian rare earth developers Meteoric Resources and Viridis Mining & Minerals recently announced simultaneously that their project resources have been upgraded to 'Measured' status. Viridis' Colossus project has Measured ore resources of 31 million mt at a TREO grade of 0.2858%, while Meteoric's Caldeira project has Measured ore resources of 128 million mt at a TREO grade of 0.2815%. Both projects are located in the Poços de Caldas Complex in Minas Gerais, Brazil, and are considered one of the world's premier ion-adsorption rare earth ore belts. Both companies are currently advancing definitive feasibility studies and final investment decisions.

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