Axel REE Updates Brazil Project: Caladao Resources Grow, Gallium Deposits Expand by 31%

Published: Sep 29, 2026 09:48 (GMT+8)

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【SMM Rare Earth Flash】 Axel REE has updated resources at its Caladao project in Brazil. The Woolrich ionic clay deposit grew 107% to 265 Mt at 0.1101% TREO and 0.00347% Ga₂O₃, including 110 Mt Indicated at 0.1073% TREO. Total Caladao resources rose 24% to 709 Mt at 0.1443% TREO, while gallium resources increased 31% to 580 Mt at 0.00371% Ga₂O₃, one of the world's largest gallium deposits. Column leach tests using warm magnesium sulfate improved recoveries while maintaining a 39% magnet REO ratio. The company plans in-situ recovery (ISR) field trials, positioning itself as a pioneer of low-impact ISR in Minas Gerais.

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